The journal entries for the Decorators Mill were prepared

in #8491
The journal entries for the Decorators Mill were prepared in E3-6.E3-6Selected transactions for
the Decorators Mill Ltd., an interior decorator corporation in its first month of business, are as
follows:March 2 Issued common shares for $11,000 cash.4 Purchased used car for $1,000 cash
and $9,000 on account, for use in the business.10 Billed customers $2,300 for services
performed.13 Paid $225 cash to advertise business opening.25 Received $1,000 cash from
customers billed on March 10.27 Paid amount owing for used car purchased on March 4.30
Received $700 cash from a customer for services to be performed in April.31 Paid dividends of
$500 to shareholders.InstructionsPost the journal entries to T accounts.View Solution:
The journal entries for the Decorators Mill were prepared in

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