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Please do the journal and ledger records of the below financial transactions. HOMEWORK QUESTIONS 1. Company has $ 10,000 in their Money box. And they
Please do the journal and ledger records of the belowfinancial transactions.
HOMEWORK QUESTIONS
1. Company has $ 10,000 in their Money box. And they put the Money in their bank account. (10 points)
2. Company sold jumper from their main business activity. Total value is $ 20,000, cost of jumper fort he company is $15,000. (10 points)
3. Company bought common stock with cash payment. Value is $ 5,000. (10 points)
4. Company sold the jumper, total value is $ 10,000, payment will be done by notes. (10 points)
5. Company sold jumper, payment will be done next 2 months time. Total value is $ 8,000. (10 points)
6. Company purchased insurance policy. 30.06.2016 total value is $ 2,400. (10 points)
7. Company purchased truck with useful life 5 years for $ 25,000 depreciation method is straight line. (10 points)
8. Company purchased building, payment will be done by their bank account, value is $ 200,000. (10 points)
9. Company purchased some equipment with cash payment value is $ 5,000. (10 points)
10. Company purchased building, payment will be done by their bank account, value is $ 200,000. (10 points)
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