Doris Stewart started her practice as a design consultant on September 1, 2015. During the first month of operation, the business completed the following transactions:
Requirement: Record each transaction in the journal using the following account titles: Cash, Account Receivable, Office Supplies, Prepaid Insurance, Furniture, Land, Account Payable, Utilities Revenue, Stewart, Capital, Stewart, Withdrawals, Services Revenue, Salaries Expenses, Rent Expense, Utilities Expense. Explanations are not required. (Record debits first, then credit. Explanation is not required.)
Sept. 1: Received $42,000 cash and gave capital to Stewart.