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On June 1, 2019, Jenna Davis opened the Leadership Coaching Agency DATE TRANSACTION June 1 Jenna Davis invested $40,00 cash to start the business. 2
On June 1, 2019, Jenna Davis opened the Leadership Coaching Agency DATE TRANSACTION June 1 Jenna Davis invested $40,00 cash to start the business. 2 Issued Check 201 for $2,000 to pay the June rent for the office 3 Purchased desk and other office furniture for $12, from Lowe's Office Supply, Invoice 5103; issued Check 202 for a $2,000 down payment with the balance due in 30 days. 4 Issued Check 23 for $1,700 for supplies. 6 Performed services for $7, in cash. 7 Issued check 24 for $3, to pay for advertising expense. 8 Purchased recording equipment for $15, 000 from Special Moves, Inc., Invoice 2122; issued check 25 for a down payment of $5, with the balance due in 30 days. 10 Performed services for $5,5 on account. 11 Issued Check 206 for $3,000 to Lowe's Office Supply as payment on account. 12 Performed services for $10, in cash. 15 Issued check 27 for $6,2 to pay an employee's salary 18 Received payments of $4,000 from credit clients on account. 20 Issued Check 208 for $6,000 to Special Moves, Inc., as payment on account. 25 Issued Check 209 in the amount of $375 for the monthly telephone 27 Issued Check 210 in the amount of $980 for the monthly electric bill. 28 Issued Check 211 to Jenna Davis for $5, 000 for personal living 30 Issued Check 212 for $6, 200 to pay the salary of an employee Required: 1. Prepare the journal entries for the above transactions 2. Post the above transactions to the ledger accounts. 3. Prepare a trial balance. 4. Prepare the income statement. 5. Prepare a statement of owner's equity. 6. Prepare the balance sheet. Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below Stmt o Balance Sheet Analyze Income General ournal Ledger Trial Balance Statement Account:s Owners Eqty Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet 1 23 4 5 678 17 Jenna Davis invested $40,000 cash to start the business Note: Enter debits before credits Date General Journal Debit Credit June 01, 2019 Journal entry worksheet K12 3 4 5 678 1'7 Issued Check 201 for $2,000 to pay the June rent for the office. Note: Enter debits before credits. Date General Journal Debit Credit June 02, 2019 Journal entry worksheet Purchased desk and other office furniture for $12,000 from Lowe's Office Supply, Invoice 5103; issued Check 202 for a $2,000 down payment with the balance due in 30 days. Note: Enter debits before credits. Date General Journal Debit Credit June 03, 2019 Journal entry worksheet Issued Check 203 for $1,700 for supplies Note: Enter debits before credits Date General Journal Debit Credit June 04, 2019 Journal entry worksheet K123 45 678 17 Performed services for $7,000 in cash. Note: Enter debits before credits. Date General Journal Debit Credit June 06, 2019 Journal entry worksheet K 12 3 4 56 7 8 17 Issued Check 204 for $3,000 to pay for advertising expense Note: Enter debits before credits. Date General Journal Debit Credit June 07, 2019 Journal entry worksheet Purchased recording equipment for $15,000 from Special Moves, Inc., Invoice 2122; issued Check 205 for a down payment of $5,000 with the balance due in 30 days. Note: Enter debits before credits. Date General Journal Debit Credit June 08, 2019 Journal entry worksheet 8 17 Performed services for $5,500 on account. Note: Enter debits before credits. Date General Journal Debit Credit June 10, 2019 Journal entry worksheet 4 6 9 17 Issued Check 206 for $3,000 to Lowe's Office Supply as payment on account. Note: Enter debits before credits. Date General Journal Debit Credit June 11, 2019 Journal entry worksheet 10 17 Performed services for $10,000 in cash. Note: Enter debits before credits Date General Journal Debit Credit June 12, 2019 Journal entry worksheet 6 789 10 11.... 17 Issued Check 207 for $6,200 to pay an employee's salary. Note: Enter debits before credits. Date General Journal Debit Credit June 15, 2019 Journal entry worksheet
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