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I need to make general journal entries for the following transactions, please help. 1-Feb Borrowed $4,500 from Star Bank by signing a three month, 12%
I need to make general journal entries for the following transactions, please help.
1-Feb | Borrowed $4,500 from Star Bank by signing a three month, 12% annual interest note. | |
1-Feb | Paid Wooster Brush $360 for a ladder with a three year expected life. | |
3-Feb | Received $2,500 from Bob Tull for a job completed and billed in January. | |
7-Feb | Received $2,000 from Ann Smith for a job completed and billed in January. | |
14-Feb | Purchased $1,322 in paint and other supplies on credit from Sherwin Williams. | |
14-Feb | Paid Sherwin Williams $3,840 for purchases made on account in January. | |
17-Feb | Completed painting the Wes Morris house and billed him $5,500. | |
21-Feb | Pat contributed an additional $5,000 cash into the business. | |
21-Feb | Received $4,500 from Al Jones in payment of the amount he owed. | |
22-Feb | Contracted to paint Beth Miller's house and received a down payment of $1,000. | |
28-Feb | Completed painting Jerry Hale's house and billed him $3,500. | |
28-Feb | Bought $1,250 paint and other supplies on credit from Sherwin Williams. | |
28-Feb | Paid Wooster Brush $720 for scaffolding with a three year expected life. | |
28-Feb | Paid Walter Walters his monthly salary of $2,000 (do not worry about payroll taxes). | |
28-Feb | Pat withdrew $3,000 for her personal use. |
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