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No: 3 Docomo Ltd. had the following balance on August 1, 2021: Cash $50,000, Equipment $100,000, Accounts Receivable $75,000, Accounts payable $60,000 and share capital
No: 3 Docomo Ltd. had the following balance on August 1, 2021: Cash $50,000, Equipment $100,000, Accounts Receivable $75,000, Accounts payable $60,000 and share capital 2,500 shares @ $100 each. During the month, the following transactions were completed: Aug 2: Shareholders purchased additional 1,000 shares of each $100 in cash payment. Aug 5: Purchased goods of $45,000 from a supplier and make a cash payment of $ 20,000. Aug 13: Salaries & wages expense for $ 25,000 which will be paid on later period. Aug 28: Labor Union strike arises in a company for workplace safety related issue and create a loss of $1,500. a) Present the journal entries for the above transactions. b) Post the journal entries to the ledger. c) Present a trial balance from the ledger accounts
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