general journal

Brenden set up a business Bianchi Fast Trading, dealing in bicycles. The following transactions were for the month of March 2022: Mar 1 3 7 9 13 Started business with $77.000 in the business bank account and brought his delivery van worth $60,000 into the business. Bought 70 road bikes costing $3,200 each on credit from Giant Ltd. Bought a laptop which costs $5,000 from Razer Co., paying by cheque, 5 road bikes of the wrong colour and they are returned to Giant Ltd. Sold 20 road bikes to YF Trading on credit at $4,500 each. 10 road bikes were sold to Kester Inc at the same selling price and the amount received by cheque. YF Trading returned 3 defective road bikes to Bianchi Fast Trading. Brenden gave 2 road bikes to his sisters. Paid Giant Ltd. the outstanding amount with a cheque. Received a cheque in full settlement of amount owing from YF Trading. Brenden took up a 5-year bank loan of $100,000 to finance his business operations. Brenden paid office utilities by personal cheque, $2,900. 15 18 22 26 28 31 Required: Prepare general journal entries in the following answer template given. Ignore narration