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journalise transactions Acme Corporation provides services and also sells merchandise and had the following transactions for the month of August. 00 w August 1 Issued

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journalise transactions

Acme Corporation provides services and also sells merchandise and had the following transactions for the month of August. 00 w August 1 Issued share capital for $40,000 3 Purchased $2,000 of office supplies on account. The office supplies were put into the supply room. 5 Paid $3,000 for a 1-year insurance policy effective the beginning of this month 8 Billed clients $5,000 for services rendered on account. 10 Purchased $10,000 of merchandise inventory on account (2/15, n30) Purchased a company truck for $60,000 paying $5,000 in cash and acquired a loan from the bank for the remaining amount. 15 Sold merchandise for $3,000 on account (terms 1/15, n30) Cost of sale was $800. 16 Paid $2,000 dividend in cash to owner of the company. 20 Paid for the August 10 purchase. 25 Collected the entire amount from the August 15 sale of merchandise. 11

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