Question
CONTINUING PROBLEM The basis of your entries will be the following documents: Checkbook Entries (Deposits made and checks written) Check Check No. Date Explanation
CONTINUING PROBLEM The basis of your entries will be the following documents: Checkbook Entries (Deposits made and checks written) Check Check No. Date Explanation Deposits Amount 10/1 Invested cash in business. 25,000.00 2011 10/3 Bought 6-month liability insurance policy. 840.00 2012 10/3 Bought spa equipment from Spa 3,000.00 Equipment, Inc., for $5,550, putting $3,000 cash down. 2013 10/3 Paid June rent. 1,000.00 2014 10/5 Bought office supplies. 230.00 2015 10/5 Purchased promotional items (flowers 115.00 and balloons) for grand opening. 2016 10/7 Paid first week's wages. 2,075.00 10/7 Deposited first week's cash revenue. 3,465.00 2017 10/11 Paid on account payable for spa 1000.00 equipment (October 3). 10/14 Deposited second week's cash revenue. 3,307.00 2018 10/14 Paid second week's wages. 2,075.00 2019 10/18 Paid on account for spa equipment 1,200.00 (October 3). 10/21 Deposited third week's cash revenue. 4,587.00 2020 10/21 Paid third week's wages. 2,075.00 2021 10/25 Paid on account for spa equipment 350.00 (October 3). 2022 10/28 Paid fourth week's wages. 2,075.00 2023 10/28 Paid month's laundry bill. 105.00 10/31 Deposited end of month's cash revenue. 6,588.00 2024 10/31 A. Valli withdrew $1,500 for personal 1,500.00 use. 2025 10/31 Paid October telephone bill. 2026 10/31 Paid October power and water bill. 325.00 385.00 Other information that require journal entries: Receipt 10/1 A. Vall, owner of All About You Spa, invested her personal spa equipment $3,575.00 (Continued) All About You
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