Blake Company Began Business in July

question 146

Essay

Blake Company began business in July. Prepare the following transactions for July. Omit explanations.
July
2 Blake invested $5,000 cash and $2,000 equipment into her new business
12 Billed customer for services performed, $800
16 Purchased equipment on account, $900
20 Received one-half amount due from June 12
25 Blake withdrew cash for personal use, $1,000.

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