Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help to make a journal entries Q: On March 1, 2008, Giny Tyler established Seltzer Reality. Ginny completed the following transactions during month

i need help to make a journal entries
image text in transcribed
Q: On March 1, 2008, Giny Tyler established Seltzer Reality. Ginny completed the following transactions during month of March a. Opened a business bank account with a deposit of 36,000 from personal funds b. Purchased supplies (pens, file folders, papers, etc.) on account, 2,650 c. Paid creditor on account 1,500 d. Earned sales commissions, receiving cash, 36,750 e. Paid rent on office and equipment for the month, 5,200. f. Withdrew cash for personal use, 8,000 g. Paid automobile expenses (including rental charge) for month, 2,500, and miscellaneous expenses, 1.200 h Paid office salaries, 9.250 Determined that the cost of supplies on hand was 900, therefore, the cost of supplies used was 1,750, 8. Class comments Add a class comment Type here to earth

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auto Body And Repair Industry IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304131661, 978-1304131669

More Books

Students also viewed these Accounting questions