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Ex. 2 Using the information presented below record the entries in the account, then prepare a trial balance. 1. Began business by investing PLN 7,000
Ex. 2 Using the information presented below record the entries in the account, then prepare a trial balance. 1. Began business by investing PLN 7,000 cash and PLN 3,000 equipment in the business. 2. Bought additional equipment for PLN 1,000 on account. 3. Purchased supplies PLN 300 for cash. 4. Paid PLN 250 to credit on account. 5. Received PLN 1,200 in fees earned during the month. 6. Paid salary of part-time assistant, PLN 150. 7. Paid general expenses, PLN 200. 8. Paid balance due on equipment. 9. Withdrew PLN 350 for personal use. 10. Cost supplies used during month, PLN 225
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