Jonathan Swiss owns the Sports Watch Repairs Store. He provides the transactions relating to the month of January

this year.

January 2          Invested $10,000 cash as well as providing watch repair equipment with a valuation of $4,800 (Hint: Treat watch repair equipment as part of capital.)

January 4            Paid first month’s rent of $900 cash

January 6            Received $2,500 cash for watch repairs

January 8            Purchased supplies on account from Sears for $500

I need help in beginning my ledger

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