I am supposed to be doing the journal entries for these transactions in the picture below and I have them all done. I just am not sure I did them right, so I was hoping I could get someone to help me and make sure these were correct.
Steps 9 & 10: Journalize and Post the July Business Transactions July 1, Bought a printer (3-year estimated life), wrote check for $325 Check 107 July 1Hannah hires an art student from TTU to work in the store three hours a week. She will pay the student $15 per hour for her time. You agree she will be paid on the first of the month for all the hours she worked the month before. (She is unaware of the concept of payroll taxes) When you find out she has done this, you will have to explain that to her and help her prepare all of the paperwork) July 3". Hannah pays $75 for a new sign and logo to be painted on her window Check #208. July S, Hannah buys store supplies for $35 out of petty cash 3, 5. Hannah calls Mr. Taylor about the bounced check, and gets no answer 6. July 5", Hannah writes a check to herself for her living expenses, $1,500 Check #109 7. July 7m, Hannah pays for the furniture she bought last month, S6,000Check #220. 8 July 9Hannah finds a local pottery supplier that is trying to liquidate inventory, She purchases 100 pieces of pottery for $2 each. Her inventory now consists of special art pieces, metal, glass, and pottery items. Check #1 11. 9. On July 10, after several missed opportunities to sell metal silverware, she decides to stock 6 sets of the most popular 2 patterns. She orders 12 sets of silverware for 535 each, with terms 2/10, n/60 10. On Juy 15h she sales one of her studio tables to a local artist. This item was not for sale, but was not being used and the artist offered her $1,000 (which is more than she paid for it in June, $850). Note that you have already recorded depreciation on this table for June and must record $3 in depreciation for July The artist paid her $1,000 cash 11.On July 15" Hannah pays everything that is owed to the metal shop. Check #112. 12. Hannah calls Mr. Taylor about the bounced check and gets no answer.(Send Hannah an email- post it on your group's discussion board-about issues related to this transaction, see deliverables for more instructions) 13 July 16 ,Sold 4 ornaments, $50 cash 4 July 17 Sold S ornaments,$125 cash 5 July 19 Sold 6 silverware sets, $4S0 cash 6 July 23 Sold one of the special gallery pieces. The sculpture was made by a ceramics artist who is in residence at the Art Center, He agreed to take $3,000 for the sculpture. She finds a buyer who will pay $4,500. She knows the customer from a chamber of commerce meeting and is excited to have a well-connected customer so she offers 1/10, net 30 terms 7. July 23 Hannah pays the bills for GES online through her bank with no fees, She pays $16 for water, sewer, and garbage, $79 for electricity, $42 for her celliphone that she uses for business purposes, and $43 for basic internet service 18 July 25, the employee works 2 hours while Hannah delivers and installs the sculpture 19 July 26,Hannah pays the local artist for the sculpture,$3,000.Check #113
