gohod saton- Lecture-2 Exercises STUDENT NAME: Problem 1 Steph opened the campus Laun Operation Petitions the following transactions were occurred mpus Laundromat on January 2012 During the first mont Jan. 1 Invested $20.000 cash in the business 2 Paid $1.000 cash for store ment for the month. 3 Purchased washers and dryers for $25,000, paying $ $15,000 note payable. d dryers for $25,000, paying $10,000 in cash and signing 4 Paid $1,200 for insurance. 5 Received an invoice from Daily News for advertising the opening of the Business $200. Onout 16 Withdrew $700 cash for personal use. 20 Purchased supplies on account $150. 21 Billed customers for $1,000 for services performed. 22 Paid creditor $100 cash on account. 23 Received $500 cash from customers on account. 24 Paid salaries to employees $800. 25 Received cash from services performed $2000. 30 Determined that the cost of the supplies used was $100. Stenh uses the following accounts: cash capital; rent expense; washers and dryers notes navable: prepaid insurance, advertising expense; drawings, supplies accounts receivables fees carned; accounts payable; salaries expense, supplies expense. INSTRUCTIONS: (a) Journalize the January transactions (b) Post the transaction to T accounts (c) Prepare an unadjusted trial balance