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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
3.7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â On Janua ry I , l9X5, Mr. Ling started a dry clean ing service. Record the following ent ries for the mont h of January in general jou rnal form. Disrega rd post reference nu mbers at t his ti me.
Jan .        Invested  $5,000 cash and equipment  valued  at $4,100 to start busi ness.
12Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Paid first month's rent, $400.
13Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Purchased supplies on account, $700.
16   Received $1,700 for clean ing fees.
19   Purchased supplies paying $550 cash.
21Â Â Â Â Â Â Â Â Paid creditors $500 from Jan . 13 transaction .
22Â Â Â Â Â Â Â Â Paid electric bill, $275.
23Â Â Â Â Â Â Â Â Wit hdrew $500 for persona l use.
25Â Â Â Â Â Â Â Received $1, 100 for cleaning fees.
26Â Â Â Â Â Â Â Purchased equipment, payi ng $900 cash.
28   Sent bills to customers tota ling $500 for clean ing fees.
30   Received $300 from Jan. 28 transaction .
30   Paid creditor the balanced  owed.
Â
Â
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General Journal
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Debit |
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Jan. Â 1 |
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12 |
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13 |
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21 |
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23 |
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25 |
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26 |
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28 |
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30 |
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30 |
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Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------xha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill-----------