Question
Journalize the 10 transactions for your company using excel (must include descriptions). Your opening entry should include the following 4 items: Bank $10,000 Supplies $5,000
Journalize the 10 transactions for your company using excel (must include descriptions). Your opening entry should include the following 4 items:
Bank $10,000 Supplies $5,000 Bank Loan $20,000 Capital _____
*You NEED to add other accounts to this opening entry, such as equipment, land, building, etc. You also need to then calculate the Capital.*
Purchased a piano for $2,500, Purchased 5 Theory Books for $50 all together, Received a Bill from Long and Mcquade for $500 for the purchase of a guitar on credit
Salary Paid to employees: $35,000 Received cash from parents of 150 students $30,000, Sold equipment to Pro Music for $67,000, Issued a cheque for $400 to Maria Jude
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started