Prepare journal entries for the transactions for Gordon
Co for the month of July 2021.
7/2 Barry Gordon invested 30,000
to start the business
7/3 Paid 1,100 for the current
month’s rent
7/5 Purchased 1,500 of supplies on
account.
7/9 Purchased advertising from
Evening Journal at a cost of 1,250 payable in 15 days.
7/15 Provided 2,000 of service to H Co.
collected 500 cash and balance on account
7/19 Paid for advertising purchased from the
Evening Journal on 7/9
7/21 Purchased equipment from T Co. for 6,500,
paid cash 1,500 and balance on account
7/24 Hired assistant at a salary of 750 per
week
7/28 Received 1,000 cash advance for service
to be provided in August
7/29 Received utility bill for 225
7/30 Collected accounts receivable from H
Co.
7/31 Gordon withdrew 2,000 cash for personal
use
7/31 Paid assistant 750 salary for the
week.
Prepare journal entries for the transactions for Gordon Co for the month of July 2021. 7/2 Barry Gordon invested 30
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