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please follow template Transactions for the Olson Company for the month of October are presented below. Journalize each transaction. You may omit journal explanations. Don't
please follow template
Transactions for the Olson Company for the month of October are presented below. Journalize each transaction. You may omit journal explanations. Don't forget to correctly indent your credits. (10 marks) Oct 1 1. Invested an additional $36,000 cash in the business. 2. Purchased land costing $28,000 for cash. 3. Purchased equipment costing $8,000 for $4,000 cash and the remainder on credit. 4. Purchased supplies on account for $800. 5. Paid $1,000 for a one-year insurance policy. 6. Received $2,000 cash for services performed. 7. Received $4,000 for services previously performed on account. 8. Paid wages to employees for $2,500. 9. Olson withdrew $400 cash from the business. Here is a template to get you started: Date Participants Debits Credits Oct 1Cash Capital Invested into the company Step by Step Solution
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