Question
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions for the month of July 2018. (30 points) Jul 1
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
- Big Foot, a hospitality marketing business owned by Jane Beam, had the following transactions
for the month of July 2018. (30 points)
Jul 1 Provided services worth $17,500 to clients who will pay later.
Jul 5 Purchased a new machine with $16,000 cash.
Jul 12 Got a loan from the bank for $15,000.
Jul 18 Jim withdrew $3,500 cash from the business.
Jul 25 Received a maintenance bill for $1,850 which will be paid later.
Required
Journalize the transactions (10 points), post them to the general ledger (10 points), and prepare a trial balance (10 points).
Journal
Page 1
Date
Title and Explanation
PR
Debit
Credit
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobes
3rd Edition
273709268, 273709267, 978-0273709268
