Question
On January 1, 2021, Mariam started her business with $200,000 cash. She purchased office furniture for $30,000 on cash on January 4, 2021 She purchased
On January 1, 2021, Mariam started her business with $200,000 cash.
She purchased office furniture for $30,000 on cash on January 4, 2021
She purchased office supplies on credit for $5,000 on January 5, 2021
She borrowed $20,000 from a local bank on January 7, 2021
She sold all furniture on credit for $30,000 to another company on January10, 2021
She paid $2,500 to telephone bill on January 28, 2021
She received $15,000 from accounts receivable on January 29, 2021.
She paid salaries $13,000 on January 30, 2021
Required:
Prepare journal entries for all of the above transactions
Prepare ledger accounts (T-accounts)
Prepare a trial balance as of January 31, 2019
Journal entries
Date | Description | Debit | Credit |
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Ledger Account,
Account Name:.. | ||||
Date | Dr. | Cr. | Dr. | Cr. |
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Account Name: | ||||
Date | Dr. | Cr. | Dr. | Cr. |
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Account Name: | ||||
Date | Dr. | Cr. | Dr. | Cr. |
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Account Name: | ||||
Date | Dr. | Cr. | Dr. | Cr. |
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Account Name: | ||||
Date | Dr. | Cr. | Dr. | Cr. |
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Account Name:. | ||||
Date | Dr. | Cr. | Dr. | Cr. |
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Trial Balances
Account Title | Debit | Credit |
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