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please answer 6+7+8+9 and write what cr and what dr? The following transactions extracted from Gulf Sun Market (GSM) during June 2014 as follows: 1.
please answer 6+7+8+9
and write what cr and what dr?
The following transactions extracted from Gulf Sun Market (GSM) during June 2014 as follows: 1. June 1. GSM invests cash $2,000,000, Bank $2,000,000 and building $3,000,000 to start a new business. 2. June 5. GSM paid $150,000 by Cheque monthly office rent. 3. June 7. GSM purchased equipment $1,500,000 from City Centre paid half cash and rest on credit. 4. June 11. GSM paid $500,000 cash to bank. 5. June 13. GSM sells goods $900,000 to Mars on credit. 6. June 16. GSM owner withdrew $400,000 check for his personal use. 7. June 19. GSM paid cash $250,000 to City Centre. 8. June 21. GSM purchased goods $120,000 for cash. 9. June 23. GSM received 20% cheque from Mars. 10. June 25. GSM received $300,000 cash from bank. 11. June 26. GSM paid telephone expense $20,000 and utilities expense $5,000 in cash. 12. June 28. GSM paid by cheque water expense $10,000 and electricity expense $15,000 13. June 30. GSM provided services to OCMT $180,000 Received $80,000 cash and rest on credit. Requirement: 1. Prepare Journal Book 2. Prepare Ledger Book 3. Prepare Trial Balance Step by Step Solution
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