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Ledger and trial balance FINANCIAL TRANSACTIONS 1. Invested S200,000 to start JHJ rental car company 2. Paid cash of $10,000 for supplies 3. Paid cash
Ledger and trial balance FINANCIAL TRANSACTIONS 1. Invested S200,000 to start JHJ rental car company 2. Paid cash of $10,000 for supplies 3. Paid cash of $24,000 for two year insurance policy 4. Purchased equipment on account in the amount of S10,000 s. Purchased S15,000 in supplies on account 6. Paid advertising expense of S10,000 7. Purchased ten autos for $30,000 each paying $50,000 down and signed a note for the balance s. Received cash car rental revenue $400,000 9. Paid office salaries of $80,000 o. Paid rent expense of $40,000 11 Car rental revenue earned from corporate customers on account S100,000 12. Paid on accounts payable $20,000 13. Collection of cash from corporate customers $100,000 14. Invested an additional $100,000 in the business 1s. Received cash car rental revenue S500,000 16. Paid sales salaries of $300,000 17.Car rental revenue earned from corporate customers S50.000 s. Collection of cash from corporate customers 9. Paid rent expense of S40,000 20. Paid delivery expenses of $4,000 21. Paid dividends of $5,000 22. Purchased supplies on account $20,000 23. Purchased supplies 24. Paid principal on note payable $40,000 2s. Paid interest expense on note payable $4,000 26. Cash car rental revenue received $75,000 27. Car rental revenue billed to corporate customers $125,000 28. Collections from corporate customers $125,000 29. Paid advertising expense S12,000 so. Paid miscellaneous office expenses $2,000 31. Invested additional $50,000 in the business 32. Paid dividends of $10,000 33. Purchased land for $200,000 paying S50,000 down and paying cash of $5,000 signed a note for balance 4. Paid principal on note payable S50,000 3s. Paid interest on note payable S5,000 36. Received cash care rental income of $150,000
Ledger and trial balance
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