Question
Complete the following problems using a Word or Excel. Show all work. Chapter 2: Journal Entries Journalize the following transactions in the general journal: Sept.
Complete the following problems using a Word or Excel. Show all work.
Chapter 2: Journal Entries
Journalize the following transactions in the general journal:
Sept. 1 Sold common stock for cash $60,000.
1 Paid rent for the month, $1,500.
3 Borrowed $10,000 from a bank and signed a note payable agreeing to repay the $10,000 in one year
plus 10% interest.
3 Purchased $5,500 of cleaning equipment; paid $3,000 down with the remainder due within 30 days.
4 Purchased cleaning supplies for $4,200 cash.
10 Received $3,500 from cash customers.
21 Billed customers for services, $3,800.
23 Paid $2,500 on account to cleaning equipment firm (see Sept. 3 transaction).
28 Collected $2,500 from customers on account.
29 Received electricity bill for the month, $85 and will pay it in October.
30 Paid wages for September, $1,950.
30 Paid service station for gasoline used during September, $275.
30 Paid dividends, $900.
Date | Description | Post Ref | Debit | Credit |
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