Prepare general journal entries to record the following transactions. Omit explanations.
?
Jan. 3
Paid office rent, $1,600.
4
Bought a truck costing $50,000, making a down payment of $7,000.
6
Paid wages, $3,000.
7
Received $16,000 cash from customers for services performed.
10
Paid $4,100 owed on last month's bills.
12
Billed credit customers, $5,300.
17
Received $1,800 from credit customers.
19
Taylor Gordon, the owner, withdrew $1,700.
23
Paid $700 on amount owed for truck.
29
Received bill for utilities expense, $255.
?

What will be an ideal response?

Jan. 3Rent Expense1,600??        Cash?1,600????4Truck50,000??        Cash?7,000?        Accounts Payable?43,000????6Wages Expense3,000??        Cash?3,000????7Cash16,000??        Service Fees?16,000????10Accounts Payable4,100??        Cash?4,100????12Accounts Receivable5,300??        Service Fees?5,300????17Cash1,800??        Accounts Receivable?1,800????19Taylor Gordon, Drawing1,700??        Cash?1,700????23Accounts Payable700??        Cash?700????29Utilities Expense255??        Accounts Payable?255
?

Business

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