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Linda Laurie decided to open a fitness centre .Journalize the following transactions ,using thegeneral journal page below .Provide explanations .HST is not to be considered

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Linda Laurie decided to open a fitness centre .Journalize the following transactions ,using thegeneral journal page below .Provide explanations .HST is not to be considered .

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6. Linda Laurie decided to open a tness centre. Journalize the following transactions, using the general journal page below. Provide explanations. HST is not to be considered. Transactions Sep. 2 2 14 24 25 30 Linda invested $30 000 cash in the business. Exercise equipment costing $10 000 was purchased from Workout World Ltd. A cash payment of $3000 was made (Cheque No. 52), and the balance owing was to be paid in 30 days. Fees earned amounted to $300 cash. Borrowed $5000 from the bank on a demand basis. Linda withdrew $800 from the business (Cheque No. 53). Paid the monthly utility bill that arrived today with Cheque No. 54 for $550. Linda used the business's bank account to pay the rent on her apartment (Cheque No. 55 for $1300).

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