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do the Journal entry for each transaction and calculate the capital + General ledger please The business has the following opening balances: Cash At Bank
do the Journal entry for each transaction and calculate the capital + General ledger please
The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2023) Furniture Promotional Material Supplies Capital $15,473 $17,773 $31,061 $8,217 $21,511 $27,480 $511 ? Amount $1,879 $1,722 $339 Transactions: Date Description 1-Jun Paid General Insurance 3-Jun Rent of Business Premises 4-Jun Auction commission - Account 6-Jun Receive Payment from Account Customers 7-Jun Rental commission - Account 10-Jun Advertising placement fees - Cash 13-Jun Auction commission - Cash 14-Jun Purchase promotional materials 15-Jun Staff Wages 20-Jun Advertising placement fees - Account 26-Jun Rental commission - Account 27-Jun Receive Payment from Account Customers 28-Jun Payment to Account Payable 29-Jun Staff Wages Amount $2,869 $3,852 $1,146 $1,232 $1,351 $1,082 $1,830 $656 $2,428 $910 $1,367 $1,253 $1,425 $2,428 Date Description 1-Jun Rental commission - Cash 4-Jun Auction commission - Cash 6-Jun Motor Vehicle Expenses 6-Jun Advertising placement fees - Cash 8-Jun Rental commission - Cash 12-Jun Cash Withdrawals by Owner 14-Jun Auction commission - Account 14-Jun Advertising Expense - Cash 15-Jun Advertising placement fees - Account 22-Jun Advertising Expense - Account 27-Jun Additional cash contributed by owner 27-Jun Sundry Expenses 28-Jun Payment to Account Payable $972 $1.547 $855 $1,180 $690 $904 $1,213 $3,720 $204 $845Step by Step Solution
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