In this task you have to use the transactions from table 1 in order to Journalize the July transactions, by applying the double entry book keeping system of debits and credits Record sales and purchases transactions in a general ledger Analyse transactions using double entry bookkeeping appropriately and effectively Your analysis should show the effects of transactions on the basic accounting equation Prepare the ledger book Table 1 Horizons Programming Company July Transactions Transaction number Date July Transaction 1 1st The owner invests $ 150,000 cash in the business $150,000 2 2nd The business purchases office equipment for $ 30,000 cash 30,000 3 4th The business purchases for $ 3,500 on account from a Supply Company computer paper and other supplies expected to last for several months 3,500 4 6th The business receives $ 5,000 cash from customers for programming services it has provided 5,000 5 9th The business provides $ 10,000 of programming and maintenance services for a customer It receives cash of $ 7,000, and it bills the balance of $ 3 ,000 on account 10,000 7,000 6 10th The business purchases computer accessories as an inventory in order to resell them The business purchases 1,000 headsets for $ 15 each with credit term of 10 15, n 30 , 1000 , 15 10 15 , 30 7 11th The business finds out that 150 pieces of headsets are defective and returns them back to the supplier 150 8 22th The business pays the purchases due balance for the supplier 9 20th The business sells 500 units for customers for $ 20 each, with credit term of 6 10, n 20 500 20 , 6 10 20 10 22nd The customer returns 50 headsets that dont meet the specifications 50 11 27th The business receives the sales due balance from the customers 12 28th The business owner withdraws $ 2000 cash from the business for his personal use 2,000 13 29th The business hires a new secretary with basic salary of $ 750 750 14 31th The business receives $ 6000 for programming services that will provide during the next 3 months 6,000 15 31th The business pays the following expenses in cash for February Store rent $ 950, salaries and wages of employees $ 2800 and utilities $ 1250 950, 2800 1250 16 31th The business purchase a 6 month insurance policy for $ 6000 6,000

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In this task you have to use the transactions from table 1 in order to: Journalize the July transactions, by applying the double entry book-keeping

In this task you have to use the transactions from table 1 in order to:

Journalize the July transactions, by applying the double entry book-keeping system of debits and credits.
Record sales and purchases transactions in a general ledger.
Analyse transactions using double entry bookkeeping appropriately and effectively. Your analysis should show the effects of transactions on the basic accounting equation

Prepare the ledger book

Table 1: Horizons Programming Company July Transactions

Transaction number	Date July	Transaction
1	1st	The owner invests $150,000 cash in the business. $150,000
2	2nd	The business purchases office equipment for $30,000 cash. 30,000
3	4th	The business purchases for $3,500 on account from a Supply Company computer paper and other supplies expected to last for several months 3,500
4	6th	The business receives $5,000 cash from customers for programming services it has provided. 5,000
5	9th	The business provides $10,000 of programming and maintenance services for a customer. It receives cash of $7,000, and it bills the balance of $3,000 on account. 10,000 7,000 .
6	10th	The business purchases computer accessories as an inventory in order to resell them. The business purchases 1,000 headsets for $15 each with credit term of 10/15, n/30. , 1000 , 15 10% 15 , 30 .
7	11th	The business finds out that 150 pieces of headsets are defective and returns them back to the supplier. 150
8	22th	The business pays the purchases due balance for the supplier.
9	20th	The business sells 500 units for customers for $20 each, with credit term of 6/10, n/ 20. 500 20 , 6% 10 20
10	22nd	The customer returns 50 headsets that dont meet the specifications. 50 .
11	27th	The business receives the sales due balance from the customers.
12	28th	The business owner withdraws $2000 cash from the business for his personal use. 2,000
13	29th	The business hires a new secretary with basic salary of $750. 750
14	31th	The business receives $6000 for programming services that will provide during the next 3 months. 6,000
15	31th	The business pays the following expenses in cash for February: Store rent $950, salaries and wages of employees $2800 and utilities $1250. : 950, 2800 1250
16	31th	The business purchase a 6-month insurance policy for $6000 6,000