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Journal explained in class, please journalize the following transactions: Nov. 1 John Smith invested 20,000 cash in his new business called Goldsmith Nov. 2 Goldsmith
Journal explained in class, please journalize the following transactions:
Nov. 1 John Smith invested 20,000 cash in his new business called Goldsmith
Nov. 2 Goldsmith bought a computer using 1,000 cash
Nov. 3 Goldsmith bought supplies for 5,000 to be paid in the near future
Nov. 4 John Smith withdrew 2,000 cash from Goldsmith for his personal use
Nov. 5 Goldsmith paid 1,000 cash for renting a location
Nov. 6 Goldsmith hired a new office assistant
Nov. 7 Goldsmith received revenues for 3,000 cash
Nov. 8 Goldsmith paid 2,500 cash for the supplies bought on Nov. 3
Nov. 9 Goldsmith asked a loan to the TD Bank
Nov. 10 TD Bank loaned Goldsmith 10,000 cash
Nov. 11 Goldsmith paid 700 cash for the first installment of the loan like this: 500 for interest, and 200 for capital.
Nov. 12 Goldsmith paid the utilities bill for 200 cash
Nov 15 Goldsmith paid the wage to the office assistant for 1,000 cash
Nov. 19 Goldsmith bought a new software for the business for 3,000 cash
Nov. 21 Goldsmith provided services to a customer for 5,000, the customer agreed to pay in the future
Nov. 23 The customer that was owing money to Goldsmith makes a payment of 1,000 cash
Nov. 24 John Smith buys a car for 5,000 cash for his personal use
Nov. 25 Goldsmith buys supplies for 2,000 cash
Nov. 28 Goldsmith receives 3,000 cash for services provided to customers
Nov. 30 Goldsmith pays 1,000 cash to the office assistant for his wage.
create the corresponding T-accounts for each of the accounts. Please make sure you find the balance of each T-account.
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