The accounts with identification letters for Able Delivery Services are listed below.LetterAccount TitleLetterAccount TitleACashIAble, DrawingBAccounts ReceivableJDelivery Fee IncomeCSuppliesKAdvertising ExpenseDPrepaid RentLEquipment Repairs ExpenseEDelivery EquipmentMRent ExpenseFOffice EquipmentNSalaries ExpenseGAccounts PayableOUtilities ExpenseHAble, Capital??During the January, the company completed the transactions listed below. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account letter and amount. Some entries may need more than one debit and/or more than one credit. The first transaction is completed as an example.??DebitCredit?TransactionLetterAmountLetterAmountA.The owner invested $25,000 cash in the

Question

businessA$25,000H$25,000B.Issued check for $1,000 to Able, the owner, for utilities in personal residence????C.Bought delivery equipment for $120,000. Issued check for $70,000; balance is due in 30 days????D.Returned damaged supplies and received a cash refund of $30????E.Received $900 on account from credit clients????F.Issued check for $5,000 to purchase $3,500 of office equipment and $1,500 of supplies????G.Returned damaged office equipment and received a cash refund of $500????H.Issued check for $12,000 for rent for the months of February and March????

What will be an ideal response?

Answer 1