On October $1,20$X$1,$ Shonna Pumphrey opened an advertising agency.

DATE TRANSACTIONS

October $1$ Shonna Pumphrey invested $$52,000$ cash in the business.

October $2$ Paid $0$ctober office rent of $$2,600$; issued Check $1001.$

October $5$ Purchased desks and other office furniture for $$14,200$ from Hudson's Furniture; received Invoice $4067$

payable in $60$ days.

October $6$ Issued Check $1002$ for $$2,800$ to purchase art equipment.

$0$ctober $7$ Purchased supplies for $$1,150$; paid with Check $1003.$

October $10$ Issued Check $1004$ for $$520$ for office cleaning service.

$0$ctober $12$ Performed services for $$3,700$ in cash and $$1,500$ on credit. $($Use a compound entry.$)$

$0$ctober $15$ Returned damaged supplies for a cash refund of $$320.$

October $18$ Purchased a computer for $$2,600$ from Tolliver's Office Supply, Invoice $8017$; issued Check $1005$ for a $$1,550$

down payment, with the balance payable in $30$ days. $($Use one compound entry.$)$

October $20$ Issued Check $1006$ for $$7,100$ to Hudson's Furniture as payment on account for Invoice $4067.$

$0$ctober $26$ Performed services for $$4,000$ on credit.

October $27$ Paid $$285$ for monthly telephone bill; issued Check $1007.$

$0$ctober $30$ Received $$3,300$ in cash from credit customers.

October $30$ Issued Check $1008$ to pay the monthly utility bill of $$360.$

$0$ctober $30$ Issued Checks $1009-1011$ for $$7,600$ for monthly salaries.

Required:

Journalize the above transactions.

Post the above transactions to the ledger accounts.

Analyze:

What is the balance of account $202$ in the general ledger?

Complete this question by entering your answers in the tabs below.

General

Journal

Journalize the above transactions.

Journal entry worksheet

Shonna Pumphrey invested $$52,000$ cash in the business.

Note: Enter debits before credits.