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Hello, I need to record each transaction in a journal all of these transactions. You can see the format as the Dec. 1 box is
Hello,
I need to record each transaction in a journal all of these transactions. You can see the format as the Dec. 1 box is included.
Thank you for any help!
Requirement 1. Record each transaction in the journal. Explanations are not required Record debits first, then credits. Exclude explanations from journal entries Dec. 1 Marshfield Delivery Service began operations by receiving $25,000 cash and a truck with a fair value of $8,000 from Rupert Marshfield The business issued Marshfield shares of common stock in exchange for this contribution. Date Accounts Debit Credit More Info Dec. 1 Dec Marshfield Delivery Service began operations by receiving $25,000 cash and a truck with a fair value of $8,000 from Rupert Marshfield. The business issued Marshfield shares of common stock in exchange for this contribution. 1 Paid $600 cash for a six-month insurance policy. The policy begins December 1. 4 Paid $800 cash for office supplies. 12 Performed delivery services for a customer and received $2,200 cash 15 Completed a large delivery job, billed the customer, $3,400, and received a promise to collect the $3,400 within one week. 18 Paid employee salary, $1,400. 20 Received $14,000 cash for performing delivery services. 22 Collected $900 in advance for delivery service to be performed later. 25 Collected $3,400 cash from customer on account. 27 Purchased fuel for the truck, paying $250 with on account. (Credit Accounts Payable) 28 Performed delivery services on account, $1,700. 29 Paid office rent, $1,400, for the month of December. 30 Paid $250 on account. 31 Cash dividends of $3,200 were paid to stockholders. Print DoneStep by Step Solution
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