Data for Marigold Corp., interior decorating, are presented as follows. Jan. 2Stockholders invested $16,270 cash in the

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Data for Marigold Corp., interior decorating, are presented as follows. Jan. 2Stockholders invested $16,270 cash in the business in exchange for common stock.3Purchased used car for $8,895 cash for use in the business.9Purchased supplies on account for $542.11Billed customers $1,952 for services performed.16Paid $217 cash for advertising.20Received $846 cash from customers billed on January 11.23Paid creditor $325 cash on balance owed.28Declared and paid a $542 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.) Date Account Titles and Explanation

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Journal Entries: Date Account Titles and Explanation Debit Credit Jan-02 Cash 16,270 Common stock 16,270 ( To record issuance of common stock) Jan-03 Car 8,895 Cash 8,895 ( To record purchase of Car) Jan-09 Supplies 542.11 Accounts payable 542.11 ( To record purchase of supplies on account) Jan-11 Accounts payable 1,952 Service revenue 1,952 ( To record service revenue) Jan-16 Advertising expense 217 Cash 217 ( To record payment for advertising expense) Jan-20 Cash 846 Accounts receivable 846 ( To record amount received from customers) Jan-23 Accounts payable 325 Cash 325 ( To record payment to creditors) Jan-28 Dividends 542 Cash 542 ( To record payment for dividends)

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Data for Marigold Corp

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Journal Entries:
Date	Account Titles and Explanation	Debit	Credit
Jan-02	Cash	16,270
	Common stock		16,270
	( To record issuance of common stock)
Jan-03	Car	8,895
	Cash		8,895
	( To record purchase of Car)
Jan-09	Supplies	542.11
	Accounts payable		542.11
	( To record purchase of supplies on account)
Jan-11	Accounts payable	1,952
	Service revenue		1,952
	( To record service revenue)
Jan-16	Advertising expense	217
	Cash		217
	( To record payment for advertising expense)
Jan-20	Cash	846
	Accounts receivable		846
	( To record amount received from customers)
Jan-23	Accounts payable	325
	Cash		325
	( To record payment to creditors)
Jan-28	Dividends	542
	Cash		542
	( To record payment for dividends)