Zeb Slipewicz opened a renovation business called WeReDoIt Construction on September 3, 2017. During 1 answer below »

Zeb Slipewicz opened a renovation business called WeReDoIt Construction on September 3, 2017. During the first month of operations, the business completed the following transactions: Sep. 3 Zeb deposited a cheque for $72,000 into the business bank account to start the business. 4 Purchased supplies, $600, and furniture, $4,400, on account. 5 Paid September rent expense, $1,500 cash. 6 Performed design services for a client and received $2,400 cash. 7 Paid $44,000 cash to acquire land for a future office site. 10 Designed a bathroom for a client, billed the client, and received her promise to pay the $5,800 within one week. 14 Paid for the furniture purchased September 4 on account. 15 Paid assistant s salary, $940 cash. 17 Received cash on account, $3,400. 22 Received $5,000 cash from a client for renovation of a cottage. 25 Prepared a recreation room design for a client on account, $1,600. 30 Paid assistant s salary, $940 cash. 30 Zeb withdrew $5,600 cash for personal use. Required Record each transaction in the journal with an explanation. Identify each transaction by date. Use the following accounts: Cash; Accounts Receivable; Supplies; Furniture; Land; Accounts Payable; Z. Slipewicz, Capital; Z. Slipewicz, Withdrawals; Service Revenue; Rent Expense; Salary Expense.

"Is this question part of your assignment? We can help"

ORDER NOW