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Question 2 [35 points] Below are individual unrelated transactions from various companies. Record each transaction in the General Journal directly below it. Enter the transaction
Question 2 [35 points] Below are individual unrelated transactions from various companies. Record each transaction in the General Journal directly below it. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (1.e., January 15 would be 15/Jan). a) March 28: Furniture was rented by a customer for $700 cash. Page GJS General Journal Date Account/Explanation F Debit Credit Effect On Balance Shoot b) April 4: Furniture was rented by a customer for $800 on credit. General Journal Page GJ Date Account/Explanation F Debit Credit Effect On Balance Sheet c) April 10: Kevin Smith (a shareholder), received share capital in Ingersoll Antiques, after investing $50,000 cash into the business. General Journal Page GJS Date Account/Explanation F Debit Credit Effect On Balance Sheet d) August 26: The company you work for, DigiCom, paid $800 towards the bill from an earlier transaction. General Journal Page GJ8 Effect On Balance Sheet Date Account/Explanation F Debi Credit e) August 29: Antique Accents received a bill today for this month's utilities, $400. It will be paid within 30 days. General Journal Page GJS Date Account/Explanation F Debi Credit E Effect On Balance Sheet f) September 13: PhotoFinish Co. paid a $500 ball received General Journal Page GJ Date Account/Explanation F Debit Credit today for an advertising campaign that ran last week. Effect On Balance Sheet g) December 2: $4,500 in dividends were declared and paid to the shareholders of the business. General Journal Page GJ Date Account/Explanation F Debi Credit Effect On Balance Sheet
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