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Provide an example of each title here and then record the journal entries. Following the first given answer. 1-Providing consulting services...
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Question

Provide an example of each title here and then record the journal entries. Following the first given answer.

1-Providing consulting services receiving cash.

Given answer:

Ali company provides consulting service and receives 1,000 cash.

Cash.     1,000

    Consulting Revenue.  1,000


2-Issuing common stocks receiving cash.


3-Purchasing land for cash.


4-Purchasing supplies on credit.


5-Borrowing money from a bank.


6-Paying employees their salaries

Step-by-step answer

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Subject: Accounting, Business

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