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 30,000
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