General journal

Chapter 6 Test Name 6. Linda Laurie decided to open a fitness centre. Journalize the following transactions, using the general journal page below. Provide explanations. HST is not to be considered. /15 Transactions Sep. 2 Linda invested $30 000 cash in the business. 2 Exercise equipment costing $10 000 was purchased from Workout World Lid. A cash payment of $3000 was made (Cheque No. 52), and the balance owing was to be paid in 30 days. 8 Fees earned amounted to $800 cash. 14 Borrowed $5000 from the bank on a demand basis. 24 Linda withdrew $800 from the business (Cheque No. 53). 25 Paid the monthly utility bill that arrived today with Cheque No. 54 for $550. 30 Linda used the business's bank account to pay the rent on her apartment (Cheque No. 55 for $1300)