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1. Tony's Repair Shop is owned and operated by Tony Castillo. The chart of accounts for his business is given below. TONY'S REPAIR SHOP CHART
1. Tony's Repair Shop is owned and operated by Tony Castillo. The chart of accounts for his business is given below. TONY'S REPAIR SHOP CHART OF ACCOUNTS Assets Owner's Equity 105 Bank 305 T. Castillo, Capital 110 A/R-C. Jacobs 310 T. Castillo, Drawings 115 A/R-D. Steiger 405 Repair Revenue 120 Supplies 505 Bank Charges Expense 125 Equipment 510 Light and Heat Expense 130 Truck 515 Miscellaneous Expense 520 Rent Expense Liabilities 525 Truck Expense 205 A/P-Ace Cartage 530 Wages Expense 210 A/P-Western Electric Journalize the following transactions for Tony's Repair Shop using the attached two- column general journal form. Transactions: < February 2015 3. Paid the rent for February, $3500, with cheque No. 411. 5. Paid $400 to Western Electric on account; cheque No. 412. 7. Performed a repair service for A. Abel for $675 in cash. Issued sales receipt No. 5689 for this service 10. The owner withdrew $2000 cash for personal use. Cheque No. 413 was made out to his name. 11. Received $950 from C. Jacobs to fully pay sales invoice No. 5652, dated January 12. < 14. Paid $485 for repairs to the truck; cheque No. 414. 17. Paid $375 for electricity and heat. The amount was paid online. Confirmation No. 22321 was given. 24. Performed a repair service for D. Steiger on account, $1175. Steiger was given 30 days to pay, as outlined on sales invoice No. 5690. 28. Paid $2000 cash for wages for the month with cheque No. 415. (For simplicity, payroll deductions are not considered
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