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Make journal entries Ref# Transaction 1 3 PARTNERS EACH INVEST $5500 2 Open new office pay rent for current month $500 + pay additional $1500
Make journal entries
Ref# | Transaction |
1 | 3 PARTNERS EACH INVEST $5500 |
2 | Open new office pay rent for current month $500 + pay additional $1500 for next 3 months |
3 | Buy office supplies on-account $1100 |
4 | Buy office equipment for $4000: $2000 down , $2000 in 60 days |
5 | Buy car for $8000, $1000 down; pay $7000 on Note in 2 yrs. |
6 | provide services for customer; paid #1500 and customer owes $5000 |
7 | pay wages of $3000 |
8 | billed for insurance for next six month. $1500 to be paid next mo. |
9 | advertising expense to be paid later $400 |
10 | pay for #3 office supplies |
11 | Perform services for customer; on-acct. $1800 |
12 | PAY CASH FOR VEHICLE MAINTENANCE; $125 |
13 | Each partner withdraws $150 |
14 | customer from #11 pays $900 |
15 | Cash sales to customer $3500 |
16 | New partner invests $3000 in the company |
17 | pay telephone expense $200 |
18 | record delivery expenses to be paid later. $175 |
19 | pay part of delivery expense #18. $100 |
20 | Depreciate ExP car $200* |
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