Journalize the Following Selected Transactions for January

question 20

Essay

Journalize the following selected transactions for January. Explanations may be omitted.
Jan.
1Received cash from the sale of common stock, $14,000.
2Received cash for providing accounting services, $9,500.
3Billed customers on account for providing services, $4,200.
4Paid advertising expense, $700.
5 Received cash from customers on account, $2,500.
6 Paid dividends, $1,010.
7 Received telephone bill, $900.
8 Paid telephone bill, $900.

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Definitions:

Integrations

This refers to the process of combining or coordinating different entities, systems, or processes to function together more effectively.

Global and Local Advantages

The benefits that companies gain by leveraging both global standardization to achieve efficiency and local adaptation to meet specific market needs.

Meganational Approach

A strategy by businesses to operate on a global scale, emphasizing uniformity in products and services across countries to exploit economies of scale.

Value Chain

A series of activities that a company performs to create value for its customers, from product design to post-sale service.