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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
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) March 30: Frank Levens (a shareholder), received share capital in Antique Accents, after investing $35,000 cash and $10,000 worth of supplies in Antique Accents General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet + -1 b) April 11: $1,500 of commissions were earned and collected today by JenCo. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - 1 c) June 5: Southwest Consulting purchased $100 of supplies on credit. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet d) June 12: Raintree performed consulting services for a customer and received $300. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet e) June 13. Text Tech used credit to purchase $4,250 of equipment. General Journal Effect On Date Account/Explanation F Debit Credit Balance Sheet Page GJ5 f) June 22: Travic Parts purchased new equipment by paying $4,000 cash. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet + = g) August 15: Perry Sales returned to the supplier $1,500 of equipment discovered to be defective. It was originally purchased on account in an earlier transaction. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet + = h) August 30: WestCo will pay the $1,000 advertising bill received today within 30 days. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - i) September 1: Willaby Co. used $1,000 cash and $3,500 credit to purchase new equipment worth $4,500. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - j) September 15: The company you work for, Cola Company, paid $500 towards the bill from an earlier transaction. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet k) October 1: $800 of commissions were earned and collected today by Echo Systems. General Journal Page GJS Effect On Date Account/Explanation F Debit Credit Balance Sheet 1) October 27: $3,500 in dividends were declared and paid to the shareholders of the business. General Journal Page GJS Effect On Date Account/Explanation F Debit Credit Balance Sheet m) December 5: Office salaries for the month were paid today, $5,750. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet n) December 8: One of Stiller Co.'s clients rented equipment today for $1,100 on credit. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - 0) December 30: Office salaries for the month were paid today; $22,000. General Journal Page GJ5 Effect On Date Account/Explanation F Debit Credit Balance Sheet +
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