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General Electric Company Transactions for the month of April 2027: Borrowed $150,000 from the bank. Purchased office equipment for $25,000 cash. Paid $4,000 for office
General Electric Company
Transactions for the month of April 2027:
- Borrowed $150,000 from the bank.
- Purchased office equipment for $25,000 cash.
- Paid $4,000 for office supplies.
- Sold inventory costing $15,000 for $35,000 on credit.
- Paid $6,000 for utilities.
- Received $28,000 from customers on account.
- Paid $10,000 for advertising.
- Paid $12,000 in salaries.
Required:
- Record the transactions in the General Journal.
- Post the transactions to the Ledger Accounts.
- Prepare the Adjusted Trial Balance as at 30 April 2027.
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