Data for Swifty Corporation, interior decorating, are presented as follows.Jan. 2Stockholders invested $18,949 cash in

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Data for Swifty Corporation, interior decorating, are presented as follows.Jan. 2Stockholders invested $18,949 cash in the business in exchange for common stock.3Purchased used car for $10,359 cash for use in the business.9Purchased supplies on account for $632.11Billed customers $2,274 for services performed.16Paid $253 cash for advertising.20Received $985 cash from customers billed on January 11.23Paid creditor $379 cash on balance owed.28Declared and paid a $632 cash dividend. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Answer: DR. - Debit, CR. - Credit Jan. 2 Stockholders invested $18,949 cash in the business in exchange for common stock. DR. Cash $18,949 CR. Common Stock $18,949 3 Purchased used car for $10,359 cash for use in the business. DR. Service Vehicle $10,359 CR. Cash $10,359 9 Purchased supplies on account for $632. DR. Supplies $632 CR. Accounts Payable $632 11 Billed customers $2,274 for services performed. DR. Accounts Receivable $2,274 CR. Service Revenue $2,274 16 Paid $253 cash for advertising. DR. Advertising Expense $253 CR. Cash $253 20 Received $985 cash from customers billed on January 11. DR. Cash $985 CR. Accounts Receivable $985 23 Paid creditor $379 cash on balance owed. DR. Accounts Payable $379 CR. Cash $379 28. Declared and paid a $632 cash dividend. DR. Retained Earnings $632 CR. Cash $632

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Data for Swifty Corporation, interior decorating, are presented as follows

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