Data for Kingbird, Inc., interior decorating, are presented as follows. Jan. 2 Stockholders invested $20,047 cash in the

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Data For Kingbird Inc Interior Decorating Are Presented As Follows Jan 2 Stockholders Invested 20 047 Cash In The 1 (29.62 KiB) Viewed 36 times

Data for Kingbird, Inc., interior decorating, are presented as follows. Jan. 2 Stockholders invested $20,047 cash in the business in exchange for common stock. 3 Purchased used car for $10.959 cash for use in the business. 9 Purchased supplies on account for $668. 11 Billed customers $2,406 for services performed. 16 Paid $267 cash for advertising. Received $1,042 cash from customers billed on January 11. Paid creditor $401 cash on balance owed. Declared and paid a $668 cash dividend. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Debit Credit Date Account Titles and Explanation 222 20 23 28