Four transactions for Airline Maintenance and Repair Shop that took place in November $20$X$1$ appear below.

DATE TRANSACTION

Nov. $1$ Edith Porras invested $$75,000$ in cash plus tools with a fair market value of $$15,000$ to start the business.

$2$ Purchased equipment for $$13,500$ and supplies for $$1,700$ from Airline Equipment Company, Invoice $551$ ; issued Check $100$ for $$5,500$ as a down payment with the balance due in $30$ days.

$10$ Performed services for Worldwide Airlines for $$33,200,$ which paid $$15,800$ in cash with the balance due in $30$ days.

$20$ Purchased machinery for $$8,000$ from Craft Machinery, Inc., Invoice $779$; issued Check $101$ for $$1,500$ in cash as a down payment with the balance due in $30$ days.

Record the transactions in the general journal and post them to the appropriate ledger accounts.

Analyze:

What liabilities does the business owe as of November $30?$

Complete this question by entering your answers in the tabs below.

General

Journal

Ledger

Accounts

Analyze

Record the above transactions in the general journal.

Journal entry worksheet

$1$

$2$

$3$

$4$

Edith Porras invested $$75,000$ in cash plus tools with a fair market value of $$15,000$ to start the business.

Please find Ledger Accounts too