Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 07 (10 marks) Transactions for Diner Limited for the month of September 2022 are presented below. Ref. 1. Shareholders invested $15,000 cash in the
Question 07 (10 marks) Transactions for Diner Limited for the month of September 2022 are presented below. Ref. 1. Shareholders invested $15,000 cash in the business. 2. Purchased delivery truck for $30,000. Paid cash $10,000 and the remainder on credit. 3. Paid $1,000 cash for the current month's rent expense. 4. Paid $400 cash for a one-year insurance policy in advance. 5. Received $2,500 cash for delivery services performed. 6. Paid salaries to employees for the period, $500. 7. Received a $100 bill not yet paid for September electricity 8. Paid dividends to shareholders of $750. 9. Invoiced customer for delivery service, $1,000. Q7(a): Journalise each transaction and identify each transaction by number reference (Ref.). You may omit journal narrations and ignore GST. Fill in your answer in the boxes provided. Not all
Step 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