PRACTICE EXERCISE $8$

Robert Khan has started a plumbing business under the name of The Village Plumber. Analyze and record these transactions for the month of June in the General Journal. Where indicated, use the accoune names provided.

$20-1$ Robert Khan invested the following into plumbing business:

Jun. cash, $$10,500,$ and a used truck, $$6,500.$

$2$ Rented part of a building from Heswell Properties and paid the rent for June, $$1,700.$ Cheque it $101.$

$2$ Bought tools and plumbing equipment from Gunn's Plumbing Supply, $$2,200.$ Cheque if $102.($Tools & Equipment$)$

$3$ Bought supplies for the office from Chang Stationery Co$.,$ $$135\mathrm{.}90.$ Cheque #$103.($Office Supplies Expense$)$

$3$ Completed plumbing repair work for Country Hardware on account, $$267.$ This is Work Order #$1,$ payment due in $10$ days. $($Repair Service Revenue$)$

$5$ Bought laptop computer for the office from Toledo Electronics, $$250.$ Cheque #$104.($Office Equipment$)$

$7$ Installed a new water heater and new pipes for Gerald Wallace; Work Order #$2.$ Received $$1,020$ cash as full payment for the work performed.

$10$ Newspaper advertising is to appear in the Daily Journal on June $15.$ Purchase Invoice $$327$ for $$125$ is due on June $20.$

$13$ Collected the amount owing from Country Hardware, $$267.$

$15$ Completed repairs for Horcon Drugs, $$310,$ to be collecred June $25$; Work Order #$3.$

$19$ Received Purchase Invoice #$752$ from Acme Auto Service for repairs and gasoline for the truck, $$283.$ Payment due in $10$ days. $($Truck Expense$)$

$20$ Paid Daily Journal $$125$ on account. Cheque #$105.$

$21$ Completed plumbing repairs for Anne Brill; received $$96$ in full payment of Work Order #$4.$

$25$ Collected the amount owing from Horron Drugs for repairs completed on June $15,$$$310.$

$29$ Paid the telephone bill, $$123.$ Cheque #$106.$

$29$ Paid the amount owing to Acme Auto Service, $$283.$ Cheque if $107.$