Practical Questions-

1. Record the following transactions on the General journal that are given below for the month of November, Identify each entry by letter. A. Alien is a lawyer and owner of ABC Consulting Firm.

1. Earned $8,000 fees on account

2. Purchased equipment for $ 45,000 paying $20,000 in cash and the remainder on credit

3. Paid $3,000 for rent for January

4. Purchased $2,500 of supplies on account

5. A. Allen $2,000 investment in the company

6. Received $7,000 in cash for fees earned previously

7. Paid $1,200 to creditors on account

8. Paid wages of $6,250

9. Received $7,150 from customers on account

10. A. Allen withdrawal of $1,750

11. Paid telephone bill for $500

12. Received hydro bill $ 400 to be paid next month