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Journal entries, posting to ledger Larry opened a new business from January 2021. The following transactions occurred during January. January 1 Larry invested $150, 000
Journal entries, posting to ledger Larry opened a new business from January 2021. The following transactions occurred during January. January 1 Larry invested $150, 000 in a business by depositing cash in the business check account. 2 Paid $2, 000 for the first months rent. 20 Received invoice from Bell advertising Ltd of $ 2, 500. 25 Paid insurance expense for January of $500 using online bank transfer. 27 Paid wages of $ 3, 600. 29 Received $1,500 from customer for sale of inventory. Use the following account titles and numbers: Cash at Bank, 100; Accounts Receivable, 101; Accounts Payable 200; Larry, Capital, 300; Revenue, 400; Rent Expense, 500; Advertising Expense, 501; Insurance Expense, 502. Wages expenses 503 Required Prepare the general journal entries to record the transactions (ignore GST). Post transactions to a Cash ledger account
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