Provide an example of each title here and then record the journal entries
Provide an example of each title here and then record the journal entries. Following the first given answer.
1-Providing consulting services receiving cash.
Given answer:
Ali company provides consulting service and receives 1,000 cash.
Cash. 1,000
Consulting Revenue. 1,000
2-Issuing common stocks receiving cash.
3-Purchasing land for cash.
4-Purchasing supplies on credit.
5-Borrowing money from a bank.
6-Paying employees their salaries