Answer:
Jan. 1 Received cash from the investment made by the owner, $14,000.
Dr Cash 14,000
Cr Capital, owner 14,000
Jan. 2 Received cash for providing accounting services, $9,500.
Dr Cash 9,500
Cr Service revenue 9,500
Jan. 3 Billed customers on account for providing services, $4,200.
Dr Accounts receivable 4,200
Cr Service revenue 4,200
Jan. 4 Paid advertising expense, $700.
Dr Advertising expense 700
Cr Cash 700
Jan. 5 Received cash from customers on account, $2,500.
Dr Cash 2,500
Cr Accounts receivable 2,500
Jan. 6 Owner withdrew $1,010.
Dr Withdrawals 1,010
Cr cash 1,010
Jan. 7 Received telephone bill, $900.
Dr Utilities expense 900
Cr Accounts payable 900
Jan. 8 Paid telephone bill, $900.
Dr Accounts payable 900
Cr Cash 900
