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Following are business activities completed by Jeff Bridges, during the month of November 2021: REQUIRED 1. Journalize the November transactions in the General Journal (18
Following are business activities completed by Jeff Bridges, during the month of November 2021: REQUIRED 1. Journalize the November transactions in the General Journal (18 Marks) 2. Provide journal explanations for transactions dated November 01 and 02 only. (2 Marks) NOTE: The remaining journal entries do not require journal explanations. Paragraph BI UA + 50 On November 1, 2021 the owner, Jeff Bridges, invested $40,000 cash and $15,000 bffice equipment in a new sole proprietorship named Bridges Tax Consulting. Date Accounts Debit Credit 3. On November 2, 2021, the owner purchased land and a small office building. The land was worth $15,000, and the building was worth $85,000. The purchase price was paid with a long-term note payable for $100,000 Date Accounts Debit Credit Following are business activities completed by Jeff Bridges, during the month of November 2021: REQUIRED 1. Journalize the November transactions in the General Journal (18 Marks) 2. Provide journal explanations for transactions dated November 01 and 02 only. (2 Marks) NOTE: The remaining journal entries do not require journal explanations. Paragraph BI UA + 50 On November 1, 2021 the owner, Jeff Bridges, invested $40,000 cash and $15,000 bffice equipment in a new sole proprietorship named Bridges Tax Consulting. Date Accounts Debit Credit 3. On November 2, 2021, the owner purchased land and a small office building. The land was worth $15,000, and the building was worth $85,000. The purchase price was paid with a long-term note payable for $100,000 Date Accounts Debit Credit B. On November 2, 2021, the owner purchased land and a small office building, The land was worth $15,000, and the building was worth $85,000. The purchase price was paid with a long-term note payable for $100,000. Date Accounts Debit Credit c. On November 3, 2021, purchased $1,200 of office supplies on credit. Date Accounts Debit Credit p. On November 7, 2021, paid $750 wages to an assistant. Date Accounts Debit Credit p. On November 7, 2021, paid $750 wages to an assistant. Date Accounts Debit Credit E. On November 8, 2021, provided services to a client and collected $3,000 cash. Date Accounts Debit Credit F. On November 20, 2021, paid the account payable created in Transaction Con November 03, 2021. Date Accounts Debit Credit he F. On November 20, 2021, paid the account payable created in Transaction Con November 03, 2021. Date Accounts Debit Credit G. On November 21, 2021, the business completed $2,600 of services for a client. This amount is to be paid within 30 days. Date Accounts Debit Credit H. On November 30, 2021, the owner withdrew $3,200 cash from the business for personal use. G. On November 21, 2021, the business completed $2,600 of services for a client. This amount is to be paid within 30 days. Date Accounts Debit Credit H. On November 30, 2021, the owner withdrew $3,200 cash from the business for personal use. Date Accounts Debit Credit
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