Question 2 [75 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 (i.e., January 15 would be 15/Jan). a) February 6: $1,400 of furniture purchased on credit in an earlier transaction was found to be damaged. Softouch Co. returned it to the supplier. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet b) February 15: $2,500 in dividends were declared and paid to the shareholders of the business. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet c) March 7: Bricks paid this month's $400 utilities bill received today. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet c) March 7: Bricks paid this month's $400 utilities bill received today. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - d) March 25: Stan Frey (a shareholder), received share capital in Willaby Co., after investing $15,000 cash and $5,000 worth of supplies in Willaby Co. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Balance Sheet Credit + e) May 25: The company you work for, Travic Parts, paid $1,800 towards the bill from an earlier transaction. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet f) June 12: The company you work for, Decker Co., paid $1,700 towards the bill from an earlier transaction. General Journal Page Gj1 Effect On f) June 12: The company you work for, Decker Co., paid $1,700 towards the bill from an earlier transaction. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet g) June 27: Westco collected $1,600 for commissions earned today. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet h) August 1: Performed consulting services today and collected $700. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet i) August 5: One of Cola Company's clients rented equipment today for $500 on credit. General Journal Pane G11 Effect on i) August 5: One of Cola Company's clients rented equipment today for $500 on credit. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet j) August 26: EastCo will pay the $500 advertising bill received today within 30 days. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet k) October 17: $100 of commissions were earned and collected today by Cantu Excavating. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet 1) November 3: Second Time Around Clothing purchased supplies by paying $500 cash. General Journal Page Gj1 Effect On 1) November 3: Second Time Around Clothing purchased supplies by paying $500 cash. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet m) November 6: Treadwell received a bill today for this month's utilities; $250. It will be paid within 30 days. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet n) November 24: Echo Systems collected $1,700 for commissions earned today. General Journal Effect On Date Account/Explanation F Debit Credit Balance Sheet Page Gj1 0) December 18: Text Tech provided $1,250 of consulting services for a customer who will pay within 30 days. General Journal Page Gj1 Effect On Date Auntynlanation El Debit Credit Balance Sheetl m) November 6: Treadwell received a bill today for this month's utilities: $250. It will be paid within 30 days. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + n) November 24: Echo Systems collected $1,700 for commissions earned today. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - o) December 18: Text Tech provided $1,250 of consulting services for a customer who will pay within 30 days. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet +
