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1. 10 transactions to journalization. 5.00 50 2. Post the 20 accounts to the general ledger 1.50 30 3. Unadjusted Trial Balance. 20 (1 pt

1. 10 transactions to journalization. 5.00 50
2. Post the 20 accounts to the general ledger 1.50 30
3. Unadjusted Trial Balance. 20
(1 pt off per error on statement) TOTAL 100
Required Journal Entries:
1-Mar The owner of KJO Withholdings invested $75,000 cash into the company.
2-Mar The company purchased $2,725 worth of supplies on account.
5-Mar The company purchased equipment worth $5,700 on account.
12-Mar Paid 24 months insurance in advance for $4,500 cash.
15-Mar Received $8,525 cash for services rendered to WBR Inc.
17-Mar The company billed D&T Automotive $5,520 for services rendered.
20-Mar Received a downpayment of $3,570 cash for work to be performed next month from WBR Inc.
25-Mar The owner withdrew $2,000 for personal use.
29-Mar Paid $430 for the company electric bill.
31-Mar Received half the amount owed for the work done on March 17.

General Journal

Date Account PR Dr Cr
Week 2

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