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I NEED HELP ASAP !!!! The following transactions occurred during the month of August 2021. 3-Aug Owner contributed $15,000 cash and $18,000 motor vehicle to
I NEED HELP ASAP !!!!
The following transactions occurred during the month of August 2021.
3-Aug | Owner contributed $15,000 cash and $18,000 motor vehicle to the business. |
8-Aug | Bought furniture for $10,000, paying 30% deposit and the remaining balance is on credit. |
14-Aug | Paid $1,800 for 1-year insurance policy. |
19-Aug | Performed service for $8,000, receiving 30% cash and the remaining balance is on credit. |
23-Aug | Received $4,000 for services provided. |
28-Aug | Received $500 cash for services to be provided next month. |
31-Aug | Paid salaries to staff of $8,000. |
Required
Prepare the general journal for the above transactions. Narration and dates are required. (17 marks) If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z" (for Windows) or "Command + Z" (for Mac). If that does not work, please click on this link Answer Template. You may copy and paste the answer template to the answer box.
Date | Accounts | Debit | Credit |
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