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Google LLC : Date Description Debit ($) Credit ($) 2023-04-01 Initial Capital 200,000 2023-04-02 Purchased Office Supplies 5,000 2023-04-05 Paid Office Rent 8,000 2023-04-10 Services
Google LLC :
Date | Description | Debit ($) | Credit ($) |
2023-04-01 | Initial Capital | 200,000 | |
2023-04-02 | Purchased Office Supplies | 5,000 | |
2023-04-05 | Paid Office Rent | 8,000 | |
2023-04-10 | Services Rendered (80% on credit) | 50,000 | |
2023-04-15 | Received Payment from Customers | 30,000 | |
2023-04-18 | Paid Salaries | 12,000 | |
2023-04-20 | Purchased Equipment (paid in cash) | 15,000 | |
2023-04-25 | Utility Expenses Paid | 2,000 | |
2023-04-28 | Loan Received | 50,000 | |
2023-04-30 | Interest on Loan | 1,000 |
Requirements:
- Record the journal entries for the transactions of Google LLC.
- Post the transactions to the ledger accounts.
- Prepare a trial balance as of April 30, 2023.
- Prepare the income statement and balance sheet for the month ended April 30, 2023.
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