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Category > Business & Finance Posted 07 Dec 2017 My Price 10.00

Geezer Wheels Service, Inc

Geezer Wheels Service, Inc

1. Investors bought stock in the company for $65, 000.

2. The business paid the store rent of $4,500 for the month.

3. The business bought supplies for $150 on the account.

4. The business had cash sales of $15,000

5. The business paid for a One-month insurance policy-$200.

6. The business had credit sales for $6,000

7. Received an advertising bill of $750-will pay next month

8 Paid salaries for the month of $5,000

9. Collected $4,500 from customers on account

10. Paid the account in #3 above ($150)

 

1 Complete the table blow.

                   Geezer Wheels Service, Inc

                     First Month of Business

  Cash + Accts.Rec + Supplies = Accts. Pay + Common Stk + Revenue + Expeneses

                             +65,000

 

 

 

 

2 Make a General Journal entries for the above table.

 

3 Post to "T" accounts Sheet.

 

4 Make a Trial Balance Sheet.

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Answers

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Status NEW Posted 07 Dec 2017 01:12 PM My Price 10.00

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