Halladay Enterprises had the following selected transactions:
| 1 | Bo Halladay invested $4,000 cash in the business. |
| 2 | Paid office rent of $840. |
| 3 | Performed consulting services and billed a client $5,200 |
| 4 | Bo Halladay withdrew $750 cash for personal use |
Instructions
- Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Owner's Equity). using plus and minus signs.
- Journalize each transaction.
Answer
1.
2.
Halladay Enterprises
General Journal
General Journal
