sournal entry ? 1 March Olga started the business with $30,000 in cash 2 March Bought goods for cash $2,900 3 March Received a bill for rent for March-July, $5,000 3 March Paid cash for rent of premises $225

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 17MC: Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this...
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Journal entry ?
1 March Olga started the business with $30,000 in cash
2 March Bought goods for cash $2,900
3 March Received a bill for rent for March-July, $5,000
3 March Paid cash for rent of premises $225
Transcribed Image Text:Journal entry ? 1 March Olga started the business with $30,000 in cash 2 March Bought goods for cash $2,900 3 March Received a bill for rent for March-July, $5,000 3 March Paid cash for rent of premises $225
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