Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...

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Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 2. 3

Joumalize the transactions. (If no entry is required, select No Entry for the account titles and enter for the amounts Credi

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Answer 1

Answer #1

No	Account titles & Explanation	Debit	Credit
1	Cash	$14,600
	Common Stock		$14,600

2	Car	$10,100
	Cash		$10,100

3	Supplies	$340
	Accounts payable		$340

4	Accounts Receivable	$5,510
	Service Revenue		$5,510

5	Advertising Expense	$150
	Cash		$150

6	Cash	$1,100
	Accounts Receivable		$1,100

7	Accounts payable	$420
	Cash		$420

8	Dividends	$470
	Cash		$470

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Answer 2

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