Breif Exercise 2-6
T. J. Carlin Inc. has the following transactions during
August of the current year.
Aug. 1 Opens an
office as a financial advisor, investing R$8,000 in cash in exchange for
ordinary shares.
4 Pays insurance in advance for 6 months,
R$1,800 cash.
16 Receives R$800 from clients for services
provided.
27 Pays secretary R$1,000 salary.
Instructions:
Journalize the
transactions. (You may omit explanations.)
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