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Make a document in MS Excel. Use the information provided to complete the exercise. A. Make journal entries. B. Records the transfer to the ledger.
Make a document in MS Excel. Use the information provided to complete the exercise.
A. Make journal entries.
B. Records the transfer to the ledger.
C. Make a trial balance.
On March 1, 2023, Miguel Cabrera established a home improvement business under the name Reparaciones Miguel. During this month of March there were the following transactions:
Date | Transaction |
March 1ro | To open the business, he deposited $40,000 of his personal funds as an investment. |
3 | Purchased shop equipment for $7,000 on credit. |
5 | He bought office supplies for $1,000 in cash. |
7 | Received income from renting a property for $4,000 in cash. |
10 | He paid basic services (utilities expense) for $400.00. |
12 | He paid $900 of the equipment purchased on credit. |
20 | Received income from managing the rental of a building for $7,000 in cash. |
30 | You made a withdrawal of $200.00 for your personal use. |
31 | Paid advertising expenses of $2,500. |
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