Juestion 2 [75 points) wat individual unrelated transactions from various companies. Record each transaction in the General Journal directly below it the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format din 15 would be Jan) nry 5: Tumiture was rented by a customer for $1.200 cash Journal Page GJS Effect On xplanation F Debit Credit Balance Sheet b) January Fox Fodures will pay the 51,500 advertising bill received today within 30 days. anal Journal Page GJS Effect On planation F Debit Credit Basance Sheet c) February 20: A bill was received today for last week's $1,750 advertising campaign. It must be paid within 15 days. General Journal Page GU5 Effect on OM Accounsplanation F Debit Credit Balance Sheet Ch 24. Spin Master Toys used $200 cash and $700 credit to purchase $900 of supplies. Journal Page GJS Effect On Bastion FD Credit Balance Sheet Cartucavating paid a $750 bill received today for an advertising campaign that ran last week 035 Credit Effect on Balance Sheet Pan Store rented machinery to a customer on credit: $1,200. Gan Journal Page GJA Enect On Accountanation F Dai Credit Balance Sheet 2) August 5: Music Masters received $1,400 towards payment for the services provided in an earlier transaction. Gimeno Page US Effect on ACOURILE Feb Credit Balance She August 27. A client rented equipment for $500 cash. General Journal Page GJS Account Explanation F Debit Credit Effect on Balance Sheet Sectomisar 12: The company you work for, The Downtown Store paid $100 towards the bill from an earlier transaction Page GJS Effect on planation F Debit Credit Balance Sheet camber 24: Biotech Company paid $3,000 for equipment purchased today, General Journal Page Gu5 Effect On Account/Explanation F Debit Credit Balance Sheet k) October 24: Digicom will pay this month's utilities bill of $450 received today, within 30 days. General Journal Page GS Effect on Account Explanation F Debit Credit Balance Sheet November 2:54,400 in dividends were declared and paid to the shareholders of the busine General Journal Pape GJS Effect on BON/Elanation F Debe Credit Balance Sheet Novembesh Coretumed 52, of defective supplies today that were originally purchased for cash. Jornal Page 5 Effect on Exploration Debit Credit Balance Sheet December 4: Capital Consultants will pay this month's utilities bill of $100 received today, within 30 days General oumar Page GUS Effect on Acontention F Dobre Credit Balance Shent o) December 30: John Jared, a shareholder of XYZ Co., received share capital after investing furniture worth $12,000 and a building worth $68,000 into the business General Journal Page 5 Effect on Det Account Explanation F Det Credit Balance Sheet
