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General Electric Company Transactions for the month of February 2025: Borrowed $100,000 from the bank. Purchased equipment for $30,000 cash. Paid $12,000 for advertising. Sold
General Electric Company
Transactions for the month of February 2025:
- Borrowed $100,000 from the bank.
- Purchased equipment for $30,000 cash.
- Paid $12,000 for advertising.
- Sold inventory costing $18,000 for $40,000 on credit.
- Paid $9,000 for insurance.
- Received $30,000 from customers on account.
- Paid $15,000 in salaries.
- Paid $10,000 for office supplies.
Required:
- Record the transactions in the General Journal.
- Post the transactions to the Ledger Accounts.
- Prepare the Adjusted Trial Balance as at 28 February 2025.
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