how to create a general journal ?

B Copy Format Painter IU. - A. F . Merge & Center - $ Formatting Number Font BRITY WARNING Macios have been disabled. Enable Content x fe March 1 Owners of OPJ invested an additional $55,000 cash into the business. The cash is put into Big Bank. (As an example of how to journalize and post a transaction -- this transaction has already been entered into the General Journal and posted to the General Ledger.) March 1 Pay off the $60,000 Note Payable owed to Little Bank. The cash to pay off the note is taken out of Big Bank, Also pay to Little Bank 5450 for interest owed on the Note Payable for February The $450 cash is also taken out of Big Bank March 1 Take $4,300 cash out of Big Bank to pay for March's rent. March 2 The customer that purchased on credit on February 15 pays $88,000 cash to pay off the amount due. The cash is deposited into Big Bank ted into Big Bank March 10 Sale of inventory to a customer-seling price $91,300 - cost of the inventory sold $23.500 The customer pays cash. The cash is deposited into Little Bank March 15 Take 526,000 cash out of Little Bank to pay employees for wages they have earned March 16 Purchase $80,750 of additional inventory. OPJ will pay the manufacturer 50% of the $80.750 in 10 days. OPJ will pay the remaining 50% in 30 days. March 17 Sale of inventory to a customer - selling price $112.000 The customer will pay for the purchase in 30 days cost of the inventory sold $36.000 ice $183 cm March 20 Sale of inventory to a customer-selling price $183,500 -- cost of the inventory sold $46,000. The customer pays $25,000 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $42.000 cash. The cash is taken out of Big Bank March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank March 30 Take 536,000 cash out of Little Bank to pay employees for wages they have oamed. RE Additional Information Note Payable Big Bank: Interest due to Big Bank on the Note Payable for the month of March is 5610 As of March 31 OPJ owes Big Bank a total of 51 210 for interest (5600 for February + $610 for March). Interest will be paid to Big Bank in June Directions Trans Chart Accs Journal GL Assets GL Liab-Equity GL Rey Exp Trial Bal IS & RE Type here to search o Ri