Question
Record the transactions below in an Excel spreadsheet. You can use the same spreadsheet in a separate section to establish the individual ledger accounts, as
Record the transactions below in an Excel spreadsheet. You can use the same spreadsheet in a separate section to establish the individual ledger accounts, as well as the trial balance. Steps to follow: 1) journalize the following transactions, 2) post to individual ledger accounts, 3) trial balance On August 1, Mr. Lonely established an incorporated company named Be Happy, Inc. with a $100,000 cash investment. On August 2, the company bought sophisticated equipment on credit that cost $25,000. On August 4, Be Happy, Inc. received $15,000 in advance from U-GO company for an entertainment show on September 30. On August 5, Be Happy, Inc. paid $2,000 cash for August office rent. On August 7, the company paid $1,200 for a one-year insurance policy. On August 9, Be Happy, Inc purchased supplies on account for $5,000 from Me-Supply. On August 20, Be Happy Board of Directors declared a $1,500 cash dividend to stockholders. On August 30, the company receives $30,000 from We-Delighted for a music performance.
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