1. Bombeck Inc, has the following transactions during August of
the current year.
August 1. Opens an office as financial advisor, investing $ 5000 in cash in exchange for common stock.
August 4. Pays insurance in advance for 6 months, $ 1800 cash.
August 16. Receives $ 1900 from clients for services performed.
August 27. Pays secretary $ 1000 salary.
Using the data above, journalize the transactions. ( you may omit explanations).
August 1. Opens an office as financial advisor, investing $ 5000 in cash in exchange for common stock.
August 4. Pays insurance in advance for 6 months, $ 1800 cash.
August 16. Receives $ 1900 from clients for services performed.
August 27. Pays secretary $ 1000 salary.
Using the data above, journalize the transactions. ( you may omit explanations).
