Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On June 08, Lynne Jones opened a bank account in the name of her new business, Bluegrass Company, by making a bank deposit of $82,000
- On June 08, Lynne Jones opened a bank account in the name of her new business, Bluegrass Company, by making a bank deposit of $82,000 cash.
- On June 12, a land was acquired for $36,000 cash.
- On June 14, a building was purchased from E-Z Built Corporation at a cost of $40,800.A cash payment of $10,200 was made and the note payable was issued for the balance.
- On June 20, office equipment was purchased on $7100.A cash down payment of $1100 was made and it was agreed the remaining balance will be made in 30-days.
- On June 26, $3400 of the amount due E-Z Built Corporation was paid.
Required:
Prepare the General Journal Entries only.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started