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Name ACCT 3000 Section, RECORDING TRANSACTIONS CUSTOM CLOTHIERS Feel-Good Custom Clothiers started business April 1, this year. Required: Prepare general journal entries for the
Name ACCT 3000 Section, RECORDING TRANSACTIONS CUSTOM CLOTHIERS Feel-Good Custom Clothiers started business April 1, this year. Required: Prepare general journal entries for the transactions listed below. Write your journal entries by the number listed beside each transaction. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Issued 4,000 shares of capital stock for $15,000 cash. Leased building space, paying 12 months rent of $4,000 in advance. Rented equipment at a cost of $100 per month, paying $100 upon signing the rental agreement. Purchased supplies, on account $600. Recorded sales on account, $800. Paid wages, $500. Paid two-year insurance premium in advance, $900. Recorded cash sales $1,100. Paid wages, $500. Paid for half of supplies purchased in (4 above). Transaction Number 1 Account Title Debit Credit 1. 2 2. Iml ml 3. 3. 4. 4. AA 5. 50/50 6. 6. I col col INN 7 col col 8. 8. 9. 9 10. 10.
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