Question
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 6: The company you work for, Incomplete Data Co., paid $1,100 towards the bill from an earlier transaction.
General JournalPage GJ5DateAccount/ExplanationFDebitCredit
b) March 28: $3,000 in dividends were declared and paid to the shareholders of the business.
General JournalPage GJ5DateAccount/ExplanationFDebitCredit
c) May 4: Ingersoll Antiques will pay the $750 advertising bill received today within 30 days.
General JournalPage GJ5DateAccount/ExplanationFDebitCredit
d) June 1: EastCo paid this month's $450 utilities bill received today.
General JournalPage GJ5DateAccount/ExplanationFDebitCredit
e) June 12: Collected $1,100 regarding a credit customer's account.
General JournalPage GJ5DateAccount/ExplanationFDebitCredit
f) August 10: SunBlush Technologies rented machinery to a customer on credit; $1,400.
General JournalPage GJ5DateAccount/ExplanationFDebitCredit
g) October 28: Travis Goodall (a shareholder), received share capital in The Grayson Group, after investing $70,000 of supplies into the business.
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