During March 2020, ABC engaged in the following transactions: a. ABC received cash of $50,000 from David R. and issued common stock to David. b. The business paid $20,000 cash to acquire a truck. c....


During March 2020, ABC engaged in the following transactions:


a. ABC received cash of $50,000 from David R. and issued common stock to David.


b. The business paid $20,000 cash to acquire a truck.


c. The business purchased supplies costing $1,800 on account.


d. The business painted a house for a client and received $3,000 cash.


e. The business painted a house for a client for $4,000. The client agreed to pay next week.


f. The business paid $900 cash toward the supplies purchased in transaction c.


g. The business paid employee salaries of $1,000 in cash.


h. The business paid cash dividends of $1,500.


i. The business collected $2,600 from the client in transaction e.


j. David paid $200 cash for personal groceries.


Required


Record transaction in journal form



Jun 10, 2022
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