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Journalize these entries in a basic bookkeeping spreadsheet ( cash basis AIS with no accruals ) and include the chart of accounts affected? L -
Journalize these entries in a basic bookkeeping spreadsheet cash basis AIS with no accruals and include the chart of accounts affected?
L - r As of January 1, 2024 the petty cash was $200.00 and the cash balance in Bicicletta's bank account was $35,823.95. It is currently, January 7, 2024 and Sohrab has tracked the first week of business events in a log book and they are: 1. January 2, purchased cleaning supplies for $45.67 (before HST) paid cash from petty cash. 2. January 3, completed an annual bike tune up for $78.50 before HST. Customer paid cash. 3. January 4th, ordered spare parts in preparation for the upcoming spring rush (when everyone wants their bicycle repaired). The spare parts are expected to arrive in February 4. January 4, sold an e-bike for $3,499.99 before HST. Customer paid cash. L ww B 5. January 5", sold bicycling shorts for $70 before HST and two athletic t-shirts for $50 each before HST. Customer paid by cash. 6. January St, sold racing bicycle for $1,879.99 before HST. Customer paid by Visa 7. January 5th sold tires for a trail bike for $225.00 before HST, Customer paid by Visa. 8. January 6, held interviews for potential part time summer employees. 9. January 6th, purchased office supplies for $78.55 (before HST) paid cash from petty cash. 10. January 6th, each owner withdrew $200.00 each from the business bank account B
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1 January 2nd Purchased cleaning supplies for 4567 before HST paid cash from petty cash Journal Entry Debit Expense Cleaning Supplies 4567 Credit Pett...Get Instant Access to Expert-Tailored Solutions
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