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PROBLEM # 1: Present as clearly and organized as possible. (25 points) Required: Present each economic event (transactions) in the Journal. Transactions Date February 2,
PROBLEM # 1: Present as clearly and organized as possible. (25 points)
Required: Present each economic event (transactions) in the "Journal".
Transactions Date
February 2, 2020 The owner invests $ 95,000 in the business.
February 5, 2020 The business bought a piece of land for cash $ 48,000.
Feb / 10/2020 Services were provided to clients. Customers promised to pay more
late (on credit) $ 15,000.
Feb 15, 2020 The business received $ 8,500 from customers owed to the business
(customers on account).
Feb 20, 2020 The owner withdrew $ 1,000 for his personal use.
Feb / 25/2020 The business purchased the following: $ 12,000 in Land; $ 1,100 in Computer Equipment; and $ 900 in Office Equipment. For everything acquired, $ 7,000 was paid and the balance will be paid later.
Feb / 27/2020 The business received $ 6,500 from customers owed to the business (customers on account).
Feb / 28/2020 The business pays the following: salary, $ 802; rent, $ 466 and utilities, $ 1,389.
PROBLEM # 2:Complete the document of the "General Ledger" Major General passing the information you prepared in the "General journal" Diario General.
Calculate and present the ending balances in the "Ledger".
Please use the documents that are attached.
PROBLEM # 3: Prepare a Trial Balance for the month of February 2020. Use the attached document.
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