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Bob Sample opened the Campus Laundromat on September 1, 2019. During the first month of operations, the following transactions occurred. September 01 Bob invested $20,000

Bob Sample opened the Campus Laundromat on September 1, 2019. During the first month of operations, the following transactions occurred.

September 01

Bob invested $20,000 cash in the business.

September 02

The company paid $1,000 cash for store rent for September

September 03

Purchased washers and dryers for $25,000, paying $10,000 in cash and signing a $15,000, 6-month, 12% note payable

September 04

Paid $1,200 for a one-year accident insurance policy

September 08

Hire a store keeper in the Campus Laundromat.

September 10

Received a bill from the Daily News for advertising the opening of the Laundromat $200.

September 20

Bob withdrew $700 cash for personal use.

September 30

The company determined that cash receipts for laundry services for the month were $6,200.

Requirements:

  1. Journalize the above transactions in the books of Campus Laundromat.
  2. Show the ledger accounts for Cash Account only. (You can use T format OR Standard format to prepare ledger account)

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