Question
George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations the firm had the following transactions Record these
George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations the firm had the following transactions Record these transactions on page 1 of the general journal. Omit explanation Post appropriate transactions to the general ledger
Apr. 1 George Smyth invested $40,000 cash in the business. 2 Paid rent for April, $3,500. 8 Bought equipment for $10,000 and issued a check for $3,000 as a down payment. 12 Performed services for $4,500 in cash, and $1,200 on credit. 19 Paid electric bill, $260. 25 Received $100 on account from credit customers. JOURNAL Page 1 Post Date Description Ref. Debit Credit
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
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