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Record the following transactions in the journal, post them to the ledger, and prepare a trial balance. On August 1 st , Minnie Madison s

Record the following transactions in the journal, post them to
the ledger, and prepare a trial balance.
On August 1st, Minnie Madisons Moving Company began
business and had the following transactions:
8/1: Minnie Madison contributed $200,000 cash to MMMS.
8/2: MMMS purchased supplies from Staples on account for
$20,000
8/3: MMMS moved Sarah Smith to Seattle and billed her
$200,000.
8/5: MMMS Paid the Staples bill from (8-2) in cash, $20,000.
8/10: Minnie Martin withdrew $30,000 cash from MMMs.
8/20: MMMS moved Logan Larson to Miami and received
$100,000 cash.
8/20: Sarah Smith paid her Accounts Receivable from (8-3),
in cash $200,000.
8/31: MMMS paid salaries in cash, $40,000
8/31: MMMS paid rent in cash $10,000.

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