Question 6 of 8
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Selected transactions for Ayayai Mill during its first month of operations are as follows.
March 2 Issued common stock for $12,100 cash.
4 Purchased used car for $1,250 cash and $9,200 on account, for use in the business.
10 Billed customers $2,200 for services performed.
13 Paid $200 cash to advertise business opening.
25 Received $1,200 cash from customers billed on March 10.
27 Paid amount owed for used car purchased on March 4.
30 Received $500 cash from a customer for services to be performed in April.
31 Declared and paid $550 of dividends to stockholders.
Journalize the transactions. (If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts. Credit
account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the
order presented in the problem. List all debit entries before credit entries.)
Date Account Titles and Explanation Debit Credit
March 2 Cash 12,100
Common Stock 12,100
