Business Transactions in the General Journal Using the template provided Record the Business Transactions in the General Journal Post the journal entries to the T Accounts Prepare an unadjusted General Ledger Trial Balance December 1, 2018 Deposit Ticket 1 Nick Roberts invested capital in his new business venture by depositing money into an interest bearing business checking account $10,000 00 December 1, 2018 Deposit Ticket 1 Nick borrowed from the local bank It is a 5 year note, 10 interest $20,000 00 December 2, 2018 Check Number 100 Nick paid cash for a trailer listed on Craig's list to haul his lawn equipment $8,000 00 December 2, 2018 Nick signed a contract with a cellular company and purchased a smart phone on account to track appointments and make business phone calls ( anything less than $300 is considered an expense ) $200 00 December 3, 2018 Nick purchased a lawn tractor at Sears on account $4,000 00 December 3, 2018 Check Number 101 Nick paid cash for a hand lawn mower at Menards (anything tangible over $300 is capitalized as a fixed asset) $750 00 December 4, 2018 Check Number 102 Nick paid for a one year insurance policy that was effective December 1 $1,200 00 December 5, 2018 Nick signed a contract with a local graphic center to detail the name of the business on his truck for advertising and received an invoice to be paid $700 00 December 5, 2018 Check Number 103 Nick paid cash for supplies (gas cans, rakes, garbage cans) which he will be using in November for the business (hint he is using them right away so they are an expense) $90 00 December 8, 2018 Check Number 104 Nick filled all of the gas cans and purchased oil for the lawn equipment ( Gas Oil are recorded as an asset and adjusted at the end of the month for usage ) $400 00 December 9, 2018 Nick advertised his business in the local newspaper The newspaper invoices their customers monthly $100 00 December 10, 2018 Invoice 001 Nick performed lawn service for The Local Community College campus and its dormitories The college was invoiced $1,000 00 December 11, 2018 Deposit Ticket 2 Nick performed lawn service for The CPA Firm and received cash $200 00 December 14, 2018 Deposit Ticket 2 The Insurance Agency gave Nick an advance payment to maintain their lawn Nick quoted them $300 per service visit $900 00 December 15, 2018 Deposit Ticket 2 Nick received partial payment for Invoice 001 $300 00 December 17, 2018 Invoice 002 Nick performed lawn service for MNO Manufacturing The company was invoiced $400 00 December 19, 2018 Check Number 105 Nick filled all of the gas cans and purchased oil for the lawn equipment $230 00 December 19, 2018 Check Number 106 Nick paid the local graphic center for the work they did on his truck $700 00 December 22, 2018 Deposit Ticket 3 Nick received payment for Invoice 002 $400 00 December 24, 2018 Invoice 003 Nick performed lawn service for The Local Community College campus and its dormitories The college was invoiced $950 00 December 28, 2018 Check Number 107 Nick filled all of the gas cans and purchased oil for the lawn equipment $375 00 December 28, 2018 Check Number 108 Nick submitted an expense report for business mileage incurred on his personal truck $210 00 December 29, 2018 Invoice 004 Nick performed lawn service for a new client, FSC Corporation and sent them an invoice $800 00 December 29, 2018 Check Number 109 Nick paid the cell phone bill for the month of December $175 00 December 30, 2018 Check Number 110 Nick withdrew cash for personal use $1,000 00

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Business Transactions in the General Journal Using the template provided. Record the Business Transactions in the General Journal. Post the journal entries to the T-Accounts.

Business Transactions in the General Journal

Using the template provided.
- Record the Business Transactions in the General Journal.
- Post the journal entries to the T-Accounts.
- Prepare an unadjusted General Ledger Trial Balance.

December 1, 2018	Deposit Ticket 1	Nick Roberts invested capital in his new business venture by depositing money into an interest bearing business checking account.	$10,000.00
December 1, 2018	Deposit Ticket 1	Nick borrowed from the local bank. It is a 5-year note, 10% interest.	$20,000.00
December 2, 2018	Check Number 100	Nick paid cash for a trailer listed on Craig's list to haul his lawn equipment.	$8,000.00
December 2, 2018		Nick signed a contract with a cellular company and purchased a smart phone on account to track appointments and make business phone calls (anything less than $300 is considered an expense).	$200.00
December 3, 2018		Nick purchased a lawn tractor at Sears on account.	$4,000.00
December 3, 2018	Check Number 101	Nick paid cash for a hand lawn mower at Menards (anything tangible over $300 is capitalized as a fixed asset).	$750.00
December 4, 2018	Check Number 102	Nick paid for a one-year insurance policy that was effective December 1.	$1,200.00
December 5, 2018		Nick signed a contract with a local graphic center to detail the name of the business on his truck for advertising and received an invoice to be paid.	$700.00
December 5, 2018	Check Number 103	Nick paid cash for supplies (gas cans, rakes, & garbage cans) which he will be using in November for the business. (hint - he is using them right away so they are an expense)	$90.00
December 8, 2018	Check Number 104	Nick filled all of the gas cans and purchased oil for the lawn equipment. (Gas & Oil are recorded as an asset and adjusted at the end of the month for usage).	$400.00
December 9, 2018		Nick advertised his business in the local newspaper. The newspaper invoices their customers monthly.	$100.00
December 10, 2018	Invoice 001	Nick performed lawn service for The Local Community College campus and its dormitories. The college was invoiced.	$1,000.00
December 11, 2018	Deposit Ticket 2	Nick performed lawn service for The CPA Firm and received cash.	$200.00
December 14, 2018	Deposit Ticket 2	The Insurance Agency gave Nick an advance payment to maintain their lawn. Nick quoted them $300 per service visit.	$900.00
December 15, 2018	Deposit Ticket 2	Nick received partial payment for Invoice 001.	$300.00
December 17, 2018	Invoice 002	Nick performed lawn service for MNO Manufacturing. The company was invoiced.	$400.00
December 19, 2018	Check Number 105	Nick filled all of the gas cans and purchased oil for the lawn equipment.	$230.00
December 19, 2018	Check Number 106	Nick paid the local graphic center for the work they did on his truck.	$700.00
December 22, 2018	Deposit Ticket 3	Nick received payment for Invoice 002.	$400.00
December 24, 2018	Invoice 003	Nick performed lawn service for The Local Community College campus and its dormitories. The college was invoiced.	$950.00
December 28, 2018	Check Number 107	Nick filled all of the gas cans and purchased oil for the lawn equipment.	$375.00
December 28, 2018	Check Number 108	Nick submitted an expense report for business mileage incurred on his personal truck.	$210.00
December 29, 2018	Invoice 004	Nick performed lawn service for a new client, FSC Corporation and sent them an invoice.	$800.00
December 29, 2018	Check Number 109	Nick paid the cell phone bill for the month of December.	$175.00
December 30, 2018	Check Number 110	Nick withdrew cash for personal use.	$1,000.00