Date	General Journal	Debit	Credit
Aug,01	Cash	$ 100,000
	Mr.A ,capital		$ 100,000
	(To record investment by Mr.A)
Aug,05	Supplies - Bikes	$ 50,000
	Accounts payable- XYZ company		$ 50,000
	( To record purchase of supplies)
Aug,07	Cash	$ 10,000
	Sales revenue		$ 10,000
	( To record sales revenue)
Aug,12	Furniture	$ 5,000
	Cash		$ 5,000
	( To record purchase of furniture)
Aug,15	Cash	$ 20,000
	Loan		$ 20,000
	( To record loan)
Aug,20	Account receivable	$ 15,000
	Sales revenue		$ 15,000
	( To record sales on account)
Aug,25	Cash	$ 10,000
	Service revenue		$ 10,000
	(To record service revenue)
Aug,26	Accounts payable- XYZ company	$ 20,000
	Cash		$ 20,000
	(To record payment to XYZ company)
Aug,28	Cash	$ 10,000
	Account receivable		$ 10,000
	( To record collection of account receivable)
Aug,31	Salaries expense	$ 1,500
	Cash		$ 1,500
	(To record salaries expense)

Step 3 Accounting Cycle - Post Business Transactions Based on the work in step 2 of the accounting cycle [Journalize the transactions), You are requested to Post the assumed transactions for your chosen business during the month of August 2020