- 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