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Company Name: Rho Logistics Issued common stock for $100,000. Purchased $40,000 of trucks. Paid $4,500 for rent. Billed $15,000 to customers. Paid $3,800 in salaries.
Company Name: Rho Logistics
- Issued common stock for $100,000.
- Purchased $40,000 of trucks.
- Paid $4,500 for rent.
- Billed $15,000 to customers.
- Paid $3,800 in salaries.
- Received $25,000 from a bank loan.
- Paid $1,700 for fuel.
- Purchased $1,100 of spare parts.
- Received $9,000 from customers billed earlier.
- Paid $600 for advertising.
Requirement: Record the above transactions in the general journal and prepare a trial balance.
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