Question
2 [75 points] Below are individual unrelated transactions from various companies. Record each transaction in the General Journal directly below it. Enter the transaction letter
2 [75 points] Below are individual unrelated transactions from various companies. Record each transaction in the General Journal directly below it. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). a) January 18: JenStar received $1,100 towards payment for the services provided in an earlier transaction. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet b) January 23: Cola Company will pay the $750 advertising bill received today within 30 days. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet c) February 27: Travic Parts collected $1,700 for commissions earned today. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet b) January 23: Cola Company will pay the $750 advertising bill received today within 30 days. Date General Journal Account/Explanation F Debit Page GJ6 Credit Effect On Balance Sheet c) February 27: Travic Parts collected $1,700 for commissions earned today. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet d) March 1: JenCo provided $3,250 of consulting services for a customer who will pay within 30 days. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet e) April 28: Treadwell received $1,900 towards payment for the services provided in an earlier transaction. General Journal Page GJ6 Effect On d) March 1: JenCo provided $3,250 of consulting services for a customer who will pay within 30 days. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet e) April 28: Treadwell received $1,900 towards payment for the services provided in an earlier transaction. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet f) August 26: A client rented equipment for $600 cash. Date General Journal Account/Explanation F |Debit Page GJ6 Credit Effect On Balance Sheet g) October 6: The company you work for, Trex, paid $100 towards the bill from an earlier transaction. Date General Journal Account/Explanation. = |Dabit | Page GJ6 Credit Effect On Balance Sheet f) August 26: A client rented equipment for $600 cash. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet g) October 6: The company you work for, Trex, paid $100 towards the bill from an earlier transaction. Date General Journal Account/Explanation F Debit Page GJ6 Credit Effect On Balance Sheet h) October 10: $3,800 in dividends were declared and paid to the shareholders of the business. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet i) November 5: Z-Mart paid $450 for this month's utilities bill received today. General Journal Page GJ6 Effect On h) October 10: $3,800 in dividends were declared and paid to the shareholders of the business. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet i) November 5: Z-Mart paid $450 for this month's utilities bill received today. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet j) November 16: Incomplete Data Co. paid $800 for supplies purchased today. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet k) November 24: Seaside Sales paid a $1,250 bill received today for an advertising campaign that ran last week. Date General Journal Account/Evalenation. Debit || Page GJ6 Credit Effect On |Polance Sheet Date General Journal Account/Explanation F Debit Page GJ6 Credit Effect On Balance Sheet k) November 24: Seaside Sales paid a $1,250 bill received today for an advertising campaign that ran last week. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet I) December 10: A client rented equipment for $500 cash. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet m) December 10: $2,800 of furniture purchased on credit in an earlier transaction was found to be damaged. PhotoFinish Co. returned it to the supplier. General Journal Date Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet R I) December 10: A client rented equipment for $500 cash. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet m) December 10: $2,800 of furniture purchased on credit in an earlier transaction was found to be damaged. PhotoFinish Co. returned it to the supplier. General Journal Effect On Account/Explanation Balance Sheet Date Page GJ6 F Debit Credit n) December 24: $2,200 of furniture purchased on credit in an earlier transaction was found to be damaged. Southwest Consulting returned it to the supplier. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet o) December 25: Mary Graham, a shareholder of The Downtown Store, received share capital after having transferred to the business a building worth $30,000 and the $4,000 remaining balance of the related short-term note payable. n) December 24: $2,200 of furniture purchased on credit in an earlier transaction was found to be damaged. Southwest Consulting returned it to the supplier. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet o) December 25: Mary Graham, a shareholder of The Downtown Store, received share capital after having transferred to the business a building worth $30,000 and the $4,000 remaining balance of the related short-term note payable. Date General Journal Account/Explanation Page GJ6 F Debit Credit Effect On Balance Sheet Official Time: 20:15:13 A SUBMIT AND MARK SAVE AND CLOSE
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