Journalize each of the transaction in April and post them immediately to the Ledger
APRIL 1 Jim invested $40,000 cash and photography equipment with a FMV of $20,000, and photographic supplies which cost $3,000, into the business.
APRIL 1 Purchased office supplies for cash, $1,300.
APRIL 1 Purchased more photography supplies on account, $6,700.
APRIL 1 Paid April rent on a studio, $1,700.
APRIL 1 Paid for a newspaper ad, $500.
APRIL 2 Purchased office equipment on account, $6,750.
April 1
Cash $40,000
Photography Equipment $20,000
Photographic Supplies $3,000
Capital $63,000
April 1
Office Supplies $1,300
Cash $1,300
April 1
Photography Supplies $6,700
Accounts Payable $6,700
April 1
Rent Expense $1,700
Cash $1,700
April 1
Advertising Expense $500
Cash $500
April 2
Office Equipment $6,750
Accounts Payable $6,750