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Geezer Wheels Service, Inc 1. Investors bought stock in the company for $65,000 2. The business paid the store rent of $4,500 for the month
Geezer Wheels Service, Inc 1. Investors bought stock in the company for $65,000 2. The business paid the store rent of $4,500 for the month . The business bought supplies for $150 on account 4. The business had cash sales of $15,000 5. The business paid for a One-month insurance policy-$200 6. The business had credit sales of $6,000 7. Received an advertising bill of $750-will pay next month 8. Paid salaries for the month of $5,000 9. Collected $4,500 from customers on account 10. Paid the account in #3 above ($150) Instructions: 1. Complete the table. 2. Prepare general journal entries for the above 3. Post to "T" accounts 4. Prepare a trial balance
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