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Please make journal entry for below transactions: On May 1 st , Jim and Katie used the money from their loan to purchase $ 2
Please make journal entry for below transactions:
On May st Jim and Katie used the money from their loan to purchase $ worth of gym equipment.
On May st rent was paid for the current month at $ and was prepaid for months at $month Fill in the missing journal entry components for this transaction.
On May st bags of Protein powder were purchased with cash at $bag The protein powder will be resold to their customers.
May st Iron Maidens, LLC a subcontracted trainer group, was paid for their first month with check # for $
On May nd they sold bags of protein powder at $each member paid with cash. Fill in the missing journal entry components for this transaction.
The next day, May rd they sold bags of protein powder for cash at $each Complete the journal entry for this transaction.
Also on May rd they sold Premium memberships at $ each, members paid cash.
On June st they received auto payment from members for their $ monthly membership fee.
On June st Body and Swole purchased an additional bags of protein powder with their credit card, at $ a bag. They plan to resell this to their members.
On June st Body and Swole made their first payment on their loan for $ The loan has a fixed interest amount. $ of that payment went to principal, and $ went towards interest.
June th wrote check # for advertising costs for the membership drive in the amount of $
On June th Body and Swole paid off the balance on their Visa from the inventory purchase they made.
July st invoiced Mike Smith for a personal training session for hours, at $hr Fill in whats missing from this journal entry.
Also on July st invoiced Sally Sanders for a personal training session for hours, at $hr Add this entry onto the journal.
July st Body and Swole also made a second payment on their loan use same interest amount as last payment
July th they sold bags of protein powder at $bag member paid cash. Record this entry onto the journal.
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