Question
Fill out a General Journal April 2 Sanchez invested $35,000 cash and computer equipment worth $16,800 in the company. April 3 The company rented furnished
April 2 Sanchez invested $35,000 cash and computer equipment worth $16,800 in the company.
April 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent.
April 4 The company purchased $1,600 of office supplies for cash
.
April 10 The company paid $2,880 cash for a 12-month insurance policy. Coverage begins on April 11.
April 14
The company paid $1,960 cash for two weeks' salaries made by employees
April 24
The company collected $26,000 cash for commissions revenue
.
April 28
The company paid $1,960 cash for two weeks' salaries made by employees
April 29
The company paid $650 cash for minor repairs to computer equipment.
April 30 The company paid $500 cash for this month's telephone bill.
April 30 Sanchez withdrew $2,000 cash from the company for personal use.
- Prepaid insurance of $160 expired this month.
- At the end of the month, $1,050 of office supplies are still available.
- This month's depreciation on computer equipment is $280.
- Employees earned $784 of unpaid and unrecorded salaries as of month-end.
- The company earned $1,820 of commissions revenue that is not yet recorded at month-end.
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