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i need help with creating general ledgers given the following information The following transactions occurred at the Daisy King Ice Cream Company. 1. Started business
i need help with creating general ledgers given the following information
The following transactions occurred at the Daisy King Ice Cream Company. 1. Started business by issuing 10,000 shares of common stock for $25,000 2. Leased a building for three years at $550 per month and paid six months' rent in advance. 3. Purchased equipment for $5,900, signing a two-year, 10% note, 4. Purchased $2,300 of supplies on account 5. Recorded cash sales of $1,300 for the first week 6. Pald weekly salaries, $570, 7. Paid for supplies purchased in item (4) 8. Recorded depreciation on equipment, $60. Required: Prepare Journal entries to record each of the transactions listed above. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 5 6 7 > Step by Step Solution
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