general jorunal

No. Date Transaction 1 Jay opened two accounts at Union State Bank, using $3,000 of his own money. He deposited $2,500 in a checking account and 5500 into savings. 2. T2 Jay borrowed $6,000 from his Aunt Emma and signed a note with 8% interest. Under the tems of the note, he must make payments of 5250 plus acerued interest on the fint dyy of each month. Jay put \$4,500 into his checking account and S 1,500 into savings. 37/3 Jay purchased a 2004 Nissan pickup truck by writing a check for $4,820. 47/3 Jay purthased insurance for the pickup truck at a cost of 5150 per month He paid for the month of July. 57/3 Jay cstablished a cell phone account for the business. The phone was free, and be paid 575 for the first month's service. 6 I/5 Jay retumed to the bank and applied for a VISA@ card. He received a card with a 51,000 credit limit. 7. 7/5 Jay purchased a lawn mower and garden tools on account from Lovel] Home \& Garien Center. The total cost was S1,080. (Debit Lawn Bquipment) 87/6 Jay purchased 5185 worth of gloves, stakes, trimmer lines, and other supplies at the local handware store using his VISA card. 9776 Jay paid 580 cash for gas and oil for his pickup truck and the mower. 107 A box of 500 additional checks arrived from the bank along with a memo that the 525 cost was charged to Jay's checking account. He considered this an immaterial amount and charged it all to Qfice Supplies Expense. 11 In Jay had 1,500 advertising flyers printed to promote his new business. The flyers cost 522 and are considered advertising materials. He also purchased 590 of office supplies. Jay used his VISA for all of these purchases. 127/8 One of Jay's neighbors, Mr. Adams, is leaving town for six weeks. He paid Jay $360 to mow his lawn each week and keep his hedges tuimmed while he is away. 13719 Jay paid 575 cash to rent some equipment needed for the Foster job (see transaction 15). 147/10 Jay purchased another S60 of gas using his VISA card