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Invested cash in business $10,000 Borrow $5000 money from bank. Purchase desk and chair for hairdresser shop for $500 in cash from office work .
- Invested cash in business $10,000
- Borrow $5000 money from bank.
- Purchase desk and chair for hairdresser shop for $500 in cash from office work.
- Done Party makeup for $130 cash to customers
- Paid rent $600 for the month of August
- Paid $300 for electricity bill
- Incurred $600 of advertising costs in The Australian, on account
- Hired a part time accountant on a monthly basis at a salary of $500
- Paid $1000 cash salary to staff
- Customers enquire about 10 bridal party makeup service.
- Replied to customer $100 each party for 10 party makeup
- Confirmed order from customer for 10 party makeup for $1000
- Wedding party service was provided to 10 clients, cash of $500 was received and the balance of $500 was invoiced.
- Received balance of $500 from transaction11.
- Paid $200 cash for office supplies ( printer papers to print invoice )
- Paid $200 for shop insurance to Nab Bank on account
- Paid $250 cash for maintenance of electric lights and fixtures.
- Paid $1000 cash to buy makeup brushes to sell in shop.
- Receives $500 cash in advance from customer for party makeup booking
- Received revenue of $25000 in cash for makeup done in August.
Use the above information and record the transactions or events that should be recorded in the general journal and post them to the ledger accounts; include narrations and dates. Then prepare the trial balance.
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