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General Journal General Ledger Mar 1 The owners of Fitness Training invested an additional $55,000 cash in the business. Mar 1 Pay off $60,000 of

General Journal
General Ledger image text in transcribed
Mar 1 The owners of Fitness Training invested an additional $55,000 cash in the business. Mar 1 Pay off $60,000 of the Note Payable. Also pay $450 for interest owed on the Note Payable for February Mar 1 Take $7,200 cash out of bank to pay for March's rent. Mar 2 A customer that purchased on credit in February pays $88,000 cash to pay off the amount due. Mar 10 Sell training sessions to a customer for $69,000. The customer pays cash. Mar 15 Take $34,000 cash out of the bank to pay employees for wages they have earned. Mar 16 Purchase $7,000 of additional supplies. Fitness will pay 50% of the $7,000 in 10 days. Fitness will pay the remaining 50% in 30 days. Mar 17 Sell training sessions to a customer for $133,000. The customer will pay in 30 days. Mar 20 Sell training sessions to a customer for $82,000. The customer pays $25,000 cash. The customer will pay the remaining amount in 30 days. Mar 22 Purchase supplies for $3,750 cash. Mar 26 Pay the 50% due on the March 16th purchase of supplies. Mar 30 Take $31,250 cash ou of Little Bank to pay employees for wages they have earned. Additional Information Transactions Chart of Accounts General Journal General Ledge

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