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Post to Ledger Accounts Example One: During July, L. Gold (the Owner) completed these transactions: a- On July 1, Gold invested $ 80,000 cash in
Post to Ledger Accounts
Example One: During July, L. Gold (the Owner) completed these transactions: a- On July 1, Gold invested $ 80,000 cash in the Company. b- On July 4, The Company purchased $ 15,000 of office equipment on credit. c- On July 6, The company completed work for a client and immediately collected the $ 30,000 cash earned. d-On July 7, The Company paid $ 2,000 cash for rent of office space for the month. e-On July 9, The company completed work for a client and sent a bill for $ 10,000 to be received within 30 days. - On July 17, The company paid an assistant $3,000 cash as wages for the month. g. On July 21, The company collected $ 5,000 cash as a partial payment for the amount owed by the client in transaction (e). h-On July 25, The company paid $10,000 cash as partial payment for transaction b. i-On July 29, Gold made a $ 2,000 cash withdrawal from the company for personal useStep by Step Solution
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