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I am having trouble with the ledger I get confuse where to put the numbers. Not sure if I am doing it right. March 17
I am having trouble with the ledger I get confuse where to put the numbers.
March 1: Hazel invested $30,000 into the business. March 1: The business paid $17,000 for a half acre of land. March 3: The business purchased $2,500 of furniture on account. March 5: The business prepaid five months insurance in the amount of $3,000($600 per month). March 15: The business paid employee salaries of $2,000. March 16: The business received $5,000 for consulting services provided. March 17: The business received a water bill for $400, but did not pay it at this time. March 18: The business billed clients $7,000 for consulting services provided. March 20: The business paid $1,000 of the amount owed from March 3rd. March 25: Customers paid $3,500 of the amount owed from March 18th. March 30: Hazel withdrew $4,000 from the business for personal use Not sure if I am doing it right. March 17 is where i am stuck at the moment.
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