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Paula Pulitzer started her specialty dread - loc beauty salon, Pull It Together Loc Salon, on January 1 , 2 0 2 4 . During
Paula Pulitzer started her specialty dreadloc beauty salon, Pull It Together Loc Salon, on January During the first month of operations, the business completed the following transactions: Jan Received $ cash and a building with a market value of $ and gave capital to Pulitzer. Purchased beauty supplies, $ on account. Hired two Loc Stylists who will earn of service fees charged to customers. Made a prepayment for months of insurance coverage, $ Received advance payment of $ for two customers to be serviced in the near future. Paid cash to purchase $ of salon furniture, and $ of salon equipment. Paid $ monthly licensing fee for online salon client appointment booking app. Family and Friends of Pulitzer hosted a Grand Opening Party at the salon. Paid the Loc Stylists wages earned for the cash customers noted above. Pulitzer withdrew cash for personal use, $ Required: Journalize the transactions noted above. Open Taccounts for the accounts affected by the transactions noted above. Post the transactions to the accounts. Calculate the balance of each account and label it "Bal." Prepared the Trial Balance as of January
Paula Pulitzer started her specialty dreadloc beauty salon, Pull It Together Loc Salon, on January During the first month of operations, the business completed the following transactions:
Jan Received $ cash and a building with a market value of $ and gave capital to Pulitzer.
Purchased beauty supplies, $ on account.
Hired two Loc Stylists who will earn of service fees charged to customers.
Made a prepayment for months of insurance coverage, $
Received advance payment of $ for two customers to be serviced in the near future.
Paid cash to purchase $ of salon furniture, and $ of salon equipment.
Paid $ monthly licensing fee for online salon client appointment booking app.
Family and Friends of Pulitzer hosted a Grand Opening Party at the salon.
Paid the Loc Stylists wages earned for the cash customers noted above.
Pulitzer withdrew cash for personal use, $
Required:
Journalize the transactions noted above.
Open Taccounts for the accounts affected by the transactions noted above.
Post the transactions to the accounts.
Calculate the balance of each account and label it "Bal."
Prepared the Trial Balance as of January
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