Question
Create a document in MS Excel. Use the information provided to complete the exercise. A. Make the journal entries. B. Records the move to the
Create a document in MS Excel. Use the information provided to complete the exercise.
A. Make the journal entries. B. Records the move to the ledger. C. Prepare a trial balance.
On March 1, 2020, Miguel Cabrera established a home repair business under the name Reparaciones Miguel. During this month of March there were the following transactions: Transaction Date March 1st To open the business, he deposited $ 60,000 of his personal funds as an investment.
3 Bought equipment for $ 7,000 on credit.
5 Purchased office supplies for $ 1,000 cash.
7 he received income from renting a property for $ 4,000 in cash.
10 he paid the basic services (utilities expense) for $ 400.00. 12 He paid $ 900 of equipment purchased on credit.
20 he received income from managing a building rental for $ 7,000 in cash.
22 he provided a repair counseling service to a client for $ 2,000 on credit. 30 She paid his secretary a salary of $ 5,000.
30 he made a withdrawal of $ 200.00 for his personal use.
31 Paid advertising expenses of $ 2,500.
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