Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 03 Aug 2017 My Price 7.00

dry cleaning service.

3.7                         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.

12                 Paid first month's rent, $400.

13                 Purchased supplies on account, $700.

16    Received  $1,700 for clean ing fees.

19    Purchased  supplies paying  $550 cash.

21         Paid creditors $500 from Jan . 13 transaction .

22         Paid electric bill, $275.

23         Wit hdrew $500 for persona l use.

25        Received $1, 100 for cleaning fees.

26        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.

 

 

 

General Journal

 

Date

Description

P.R.

Debit

Cred it

Jan.  1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30

 

 

 

 

 

 

Answers

(5)
Status NEW Posted 03 Aug 2017 11:08 PM My Price 7.00

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