Question
I have to put the following things in a first month General Journal. I'm completely lost Oct 1 Began business by making a deposit in
I have to put the following things in a first month General Journal. I'm completely lost
Oct 1 Began business by making a deposit in a copmany bank account of $12,000, in exchange for 1,200 shares of $10 per value common stock.
Oct 1 Paid the premium on a one-year insurance policy, $1,200.
Oct 1 Paid the current month's rent, $1,040.
Oct 3 Purchased repoair equipment for Conklin Company, $4,400. Paid $600 down and the balance was placed on account. Payments will be $200.00 per month for nineteen months. The first payment is due 11/1, Note: Use Accounts Payable for the Balance Due.
Oct. 8 Puchased repair supplies from Mckenna COmpany on credit, $390.
Oct 12 Paid utility bill for October, $514.
Oct 16 Cash bicycle repair revenue for the first half of October, #1362.
Oct 19 Made payment to McKenna Company, $200.
Oct 31 Cash bicycle repair revenue for the last half of October, $1,310.
Oct 31 Declared and paid cash dividend of $800.
I'm lost and don't know the differents from credit to debits. if someone has a spead sheet of this info I'd be greatly appriciated. thanks
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