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Please provide an general ledger for these transactions below Lola Lewis has loved fashion all her life and grew up wanting to have her very
Please provide an general ledger for these transactions below
Lola Lewis has loved fashion all her life and grew up wanting to have her very own shop where she could buy and sell different kinds of haute couture clothing. She achieved her goal March She opened her own clothing shop "Lola's Fabulous Boutique that sold a wide selection of fashionable clothes. The following information relates to the transactions of Lola's Fabulous Boutique for the first month of operation March
March started business with, cash, $ and a motor vehicle $
March received a longterm loan from the Victoria National Bank, $ by cheque
March paid for store furniture by cheque $
March bought merchandise for resale from Forever by cheque $
March purchased a Display Cabinet, on credit from Appliance Trading Ltd for $
March sold merchandise to Macy's Fashion Shop, for cash $
March sold merchandise on credit to Designer Collections $ and Dee's Fifth
Avenue $
March bought merchandise on credit from Louis Button $
March sold merchandise on credit to Tom Ford $
March bought stationery with the entity's logo for cash $
March returned unsatisfactory merchandise to Louis Button for $ receiving a credit
note for these goods.
March bought merchandise on credit from Coco Chantal $
March sold merchandise to Donna Karen receiving a cheque for $
March Designer Collections settled their account with cash receiving a discount.
March lodged cash of $ to the business bank account.
March merchandise valued at $ sold on credit to Dee's Fifth Avenue on March
was returned to Lola. A credit note was given to Dee's Fifth Avenue
March paid Louis Button $ in full settlement of the balance outstanding by cheque
having received a discount of $
March paid electricity by cheque $ National Water Distribution by cash, water rates $ and Top Shot Security, security fees of $ by cheque
March paid staff salaries by cheque $
March Lola, took for her personal use a Louis Button ball gown, $
March received commission by cheque of $
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