Question - Selected transactions for D. Reyes, an interior decorator in her first month of business, are as follows.
Jan 2: Invested $10,000 cash in business in exchange for common stock
Jan 3: Purchased used car for $4,000 cash for use in business
Jan 9: Purchased supplies on account for $500
Jan 11: Billed customers $1,800 for services performed
Jan 16: Paid $200 cash for advertising
Jan 20: Received $700 cash from customers billed on January 11
Jan 23: Paid creditor $300 cash on balance owed
Jan 28: Declared and paid $1,000 cash dividend
Instructions: Journalize the transactions.