Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show what the general journal looks like for this information. I am struggling with this class and learn best by example! Thanks in advance!
please show what the general journal looks like for this information. I am struggling with this class and learn best by example! Thanks in advance!
Metro Consulting LLC Peter Ramirez started a new business in March 1 2014. He is the only member of the company He registered the company as Metro before the MN Secretary of State. He also got the Employer ldentification Number (EIN) before the IRS. 1 Peter is a Business Administrator with experience in Marketing 9 Peter opened a business checking account in the US Bank and a Visa Credit Card. 1o Peter hired you as his Accountant and ask you to prepare the Balance Sheet and income Statement for the month of March 201 13 Peter gave you the bank statement, credit card statement, and the documents with the following transactions for March 2014 15. 16 Date 17 3/1/2014 Make a bank deposit to open the checking account 18 3/2/2014 Check to RRQ for the business plan 19 3/2/2014 Check to Legal Zoom for biz registration 20 3/3/2014 Check to Remax for the rent of his office in March 21 /30/2014 Make a Deposit for marketing services to clients Transactions shown in the Bank Statement Description of the transaction Check ! Amaunt $500 53,000 22 3/31/2014 check to Remex for the rent of Agril Transactions shown in the Credit Card Statement 24 25 3/5/2014 Purchase a computer in Best Buy with the credit card na 26 3/5/2014 Purchase a cell phone in T-Mobile with the Ccard $900 S350 27 3/20/2014 Purchase furniture in Ikea with the credit card Requirements: 1) Using your accounting knowledge acquired in chapters 1 and 2 prepare a General Journal (use tab attached) and use as a midelione Journalizing Transactions explained in pages 63-64 of your texthook. 29 Business Transactions General Journal Income Statement Balance Sheet GStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started