Show the general journal entries that are needed to record the following transactions of Johnson's Cleaning Services
Question:
Show the general journal entries that are needed to record the following transactions of Johnson's Cleaning Services Ltd:
a. The owner transferred \($2,000\) cash and a computer worth \($5,000\) to the business.
b. Cleaning fees received \($1,283.\)
c. Purchased cleaning material on credit \($766.\)
d. Purchased cleaning tools \($240.\)
e. The business purchased cleaning equipment for \($10,000,\) paid \($2,500\) by cheque and signed a one year, 12 percent loan payable for the remainder.
f. Dry cleaning of uniforms \($70.\)
g. Paid wages \($810.\)
h. Drawings of cash by owner \($200.\)
i. Drawings of cleaning materials by owner \($80.\)
j. Cleaning fees invoiced \($1,500.\)
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Related Book For
Financial Accounting A Practical Introduction
ISBN: 9780273714293
1st Edition
Authors: Ilias Basioudis
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