End Time: 04:05 PM / Remaining: TIMER Invested $10,000 cash in the business. Pur

Question

End Time: 04:05 PM / Remaining: TIMER Invested $10,000 cash in the business. Purchased equipment for $14,000 paying $2,600 in cash and the balance on account. Paid $1,400 cash on balance owed for equipment. 59 min. Sept. 1 5 25 30 Withdrew $500 cash for personal use. of accounts shows: No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manual entry is required, select "No Entry for the account titles and enter 0 for the aounts.) Date Account Titles and Explanation Debit

Explanation / Answer

1-Sep Cash 10000       Owner's Capital 10000 5-Sep Equipment 14000       Cash 2600       Accounts Payable 11400 25-Sep Accounts Payable 1400       Cash 1400 30-Sep Owner’s Drawings 500       Cash 500

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