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can anyone please help me with these journal entries it would be very much appreciated !! Below are the transactions for Tesch Car Cleaning for
can anyone please help me with these journal entries it would be very much appreciated !! Below are the transactions for Tesch Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $52,000 from the bank by signing a note. June 2 issue common stock in exchange for cash of $22,000. Jume 7 . Purctiase car wash equipment for 557,000 cash. Tune to Purchase cleaning supplies of 56,200 on account. June 12 Wash 320 cars for $10 each. All custobers pay cash. June 16 Pay enployees $720 for work performed. June topay for advert ising in a local newspoper, costint 5320 . Juni 23 Wash 420 cars for $10 each on account. June 29 Pay enployees $770 for work performed. June 10 A utility bill of $1,220 for the current month is paid. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 11 ). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 1 Obtain a loan of $52,000 from the bank by signing a note. 2 Issue common stock in exchange for cash of $22,000. 3 Purchase car wash equipment for $57,000 cash. 4 Purchase cleaning supplies of $6,200 on account. 5 Wash 320 cars for $10 each. All customers pay cash. 6 Pay employees $720 for work performed. 7 Pay for advertising in a local newspaper, costing $320. Note : = journal entry has been entered 8 Wash 420 cars for $10 each on account. 9 Pay employees $770 for work performed. 10 A utility bill of $1,220 for the current month is paid. 11 Pay dividends of $420 to stockholders
can anyone please help me with these journal entries it would be very much appreciated !!
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