Q2. Provide an example of each title here and then record the journal entries. Following the first given answer. 1-Providing consulting services receiving cash. Given answer: ABC company provides consulting services and receives 1,000 cash. Journal entry: Dr.Cash. 1,000 Cr.Consulting Revenue. 1,000 2-Investment by an owner. 3-Purchasing equipment for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying investors their shares of dividends.

Q2. Provide an example of each title here and then record the journal entries. Following the first given answer. 1-Providing consulting services receiving cash. Given answer: ABC company provides consulting services and receives 1,000 cash. Journal entry: Dr.Cash. 1,000 Cr.Consulting Revenue. 1,000 2-Investment by an owner. 3-Purchasing equipment for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying investors their shares of dividends.

Name: Q2. Provide an example of each title here and then record the journal
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Description: Q2. Provide an example of each title here and then record the journal entries.Following the first given answer.1-Providing consulting services receiving cash.Given answer:ABC company provides consulting services and receives 1,000 cash.Journal entry

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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