please answer in detail explanation for each entry 2. In good form, please record journal entries for the following transactions forthe month of September.Sam Harley opened a travel agency called "Harley Travel" by investing $50,000.Paid $1,200 for the current months rent.9/10 Purchased office equip for S8,000 from Zen Co. Paid $3000 and the balance on account.9/15 Hired a receptionist to be paid S800 every other Friday.9/17 Purchased 12-month insurance policy from Ace Insurance and paid $600.9/20 Provided $1,000 of service to Bond Co, collected $250 cash with the balance on account.9/22 Paid for balance $5,000 due on equipment purchased from Zen Co on 9/10.9/25 Collected $500 in advance as a deposit from May Co. for future travel.9/28 Received a telephone bill from Spectrum Wireless for $300, due by 10/14.9/29 Collected $750 balance due from Bond Co for services provided on 9/20.9/30 Paid receptionist bi-weekly salary $800.9/30 Harley withdrew $1,500 from the business for personal use.9/2

Answered: 2. In good form, please record journal…

Business

Accounting

2. In good form, please record journal entries for the following transactions for the month of September.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 12PB: Prepare journal entries to record the following transactions that occurred in March: A. on first day...

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Question

please answer in detail explanation for each entry

2. In good form, please record journal entries for the following transactions for
the month of September.
Sam Harley opened a travel agency called "Harley Travel" by investing $50,000.
Paid $1,200 for the current months rent.
9/10 Purchased office equip for S8,000 from Zen Co. Paid $3000 and the balance on account.
9/15 Hired a receptionist to be paid S800 every other Friday.
9/17 Purchased 12-month insurance policy from Ace Insurance and paid $600.
9/20 Provided $1,000 of service to Bond Co, collected $250 cash with the balance on account.
9/22 Paid for balance $5,000 due on equipment purchased from Zen Co on 9/10.
9/25 Collected $500 in advance as a deposit from May Co. for future travel.
9/28 Received a telephone bill from Spectrum Wireless for $300, due by 10/14.
9/29 Collected $750 balance due from Bond Co for services provided on 9/20.
9/30 Paid receptionist bi-weekly salary $800.
9/30 Harley withdrew $1,500 from the business for personal use.
9/2

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