AutoSave On ste Home Insert X 16 pboard www ly Arial Page Layout B IU :X fx 67F Mostly cloudy Date March 1 Trans March 2 Font 12 Accessibility: Investigate = Chapter 06 c-OPJ Mini-Project 15e_TressieR.... Formulas v Chart Accts Data OverPriced Jeans, Inc. == Review A A A- E E 200 300 66 View r Alignment March 2023 Transactions Description of the Transaction March 1 Owners, of OPJ invested an additional $55,000.00 cash into the business. The cash is put into Big (As an example of how to journalize and post a transaction - this transaction has already been entered into the General Journal and posted to the General Ledger.) Automate TIC March 1 Pay off the $60,000.00 Note Payable owed to Little Bank. The cash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450.00 for interest owed on the Note Payable for Februa The $450.00 cash is also taken out of Big Bank. Take $5,225.00 cash out of Big Bank to pay for March's rent. 20 Journal GL Assets Last Modified: Wed at 12:52 AM Transactions - Additional Information Help $-%9 March 10 Sale of inventory to a customer -- selling price $78,750.00 -- cost of inventory sold $32,000.00 The customer pays cash. The cash is deposited into Little Bank. March 15 Take $22,550.00 cash out of Little Bank to pay employees for wages they have earned. The customer that purchased on credit on February 15 pays $88,000.00 cash to pay off the amount due. The cash is deposited into Big Bank. Q Search Number 211 10 00 00 GL Liab-Equity GL Rev-Exp Conditiona Formatting C FANI Trial Bal enn AA IS & RE

OverPriced Jeans, Inc. - Transactions - Additional Information March 2023 Transactions Date Description of the Transaction March 1 Owners, of OPJ invested an additional $55,000.00 cash into the business. The cash is put into Bis (As an example of how to joumalize and post a transaction - this transaction has already been entered into the General Journal and posfed to the Generar Ledger) March 1 Pay off the S60,000.00 Note Payable owed to Little Bank. The cash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450.00 for interest owed on the Note Payable for Febru: The $450.00 cash is also taken out of Big Bank March 1 Take \$5,225.00 cash out of Big Bank to pay for March's rent. March 2 The customer that purchased on credit on February 15 pays $88,000.00 cash to pay off the amount due. The cash is deposited into Big Bank. March 10 Sale of inventory to a customer - selling price $78,750.00 - cost of inventory soid $32,000.00 The customer pays cash. The cash is deposited into Little Bank. March 15 Take $22.550.00 cash out of Little Bank to pay employees for wages they have earned: F. Accessibiaty investigate 67F Mostly cloudy