Question
*****PLEASE DO IT ON EXCEL****** The following transactions are from the records of Campo-Stewan Co. Record these investments and withdrawals by the partners in a
*****PLEASE DO IT ON EXCEL******
The following transactions are from the records of Campo-Stewan Co. Record these investments and withdrawals by the partners in a General Journal, and then post the appropriate entries to their respective Capital accounts and Drawings accounts. 20Jan. 4 Peter Campo invested $17,500 cash and a computer system worth $8,500. Jan. 4 Brian Stewan invested $4,000 cash, $6,200 in accounts receivable, and $12,000 in merchandise. Feb. 10 Peter Campo withdrew $500 cash. Feb. 20 Brian Stewan withdrew $400 cash and $250 of merchandise for his own use. (Ignore tax on merchandise.) Apr. 16 Brian Stewan used $900 of company funds to pay personal expenses. Jun. 21 Peter Campo invested an additional $12,000 cash. Brian Stewan withdrew $2,000 cash. (Record these as separate transactions.) Jul. 4 Peter Campo gave his home utility bill to the bookkeeper and asked that it be paid with company funds, $150. Aug. 10 Brian Stewan invested $3,000 cash and a truck valued at $7,500. Oct. 1 The two partners withdrew $1,000 each.
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