Question
Dears,, I need unique answer to this question please: Q2.Prepare a cash ledger from the following transactions during Feb 2017. Feb.1 Shareholders invested $200 000
Dears,,
I need unique answer to this question please:
Q2.Prepare a cash ledger from the following transactions during Feb 2017.
Feb.1 Shareholders invested $200 000 cash in the business in exchange for shares in the company.
Feb. 2 Purchased equipment for $150 000 cash.
Feb. 3 Purchased cleaning supply Expenses of $5 000 for the month from the Cleaning Warehouse Ltd. on credit
Feb. 4 Advertising expenses of $5 000 on account from Advertiser Ltd, to advertise the opening of the business.
Feb. 5 Paid cash $1 200 for a 1-year insurance policy.
Feb. 7 Weekly cash received for car washes of $6 000.
Feb. 9 Invoiced Rental Car Co. for $1 000, for car wash service for a fleet of cars.
Feb. 12 Paid rent of $4 000 for the month.
Feb. 14 Weekly cash received for car washes of $8 800.
Feb. 18 Invoiced Rental Car Co. for $1 500, for car wash service for a fleet of cars.
Feb. 21 Weekly cash takings for car washes of $10 300.
Feb. 24 Paid cash dividend of $1 000.
Feb 25 Rental Car Co. paid the invoice from the 9th of Feb.
Feb. 26 Paid the 4th Feb account from Advertiser Ltd.
Feb . 27 Paid salaries of $6 000 for the month.
Feb. 28 Weekly cash received for car washes of $13 500
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