Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

record the transactions or events that should be recorded in thegeneral journal On August 2, Paid $2200 cash for August salon rent. On August 4,Incurred

record the transactions or events that should be recorded in thegeneral journal

On August 2, Paid $2200 cash for August salon rent. On August 4,Incurred $400 of advertising costs due in 20 days On August 5,Purchased salon equipment for $120 On August 7, Paid for supplies(shampoos, creams, and gels) $350 On August 8, received $300 forselling gels On August 12, paid $200 water bill On August 12, paid$150 for electricity bill On August 14, incurred $1100 for thebusiness’s bank loan due in 14 days On August 16, purchased a newchair set up for $450 On August 17, paid the amount due for theinfluencer $400 for advertising On August 19, paid $90 for myinternet bill On August 21, received for $200 selling of shampoosOn August 23, paid $110 for insurance On August 24, cleaner $110 OnAugust 27, paid $1100 for the business’s bank loan On August 28,gas bills $35 On August 30, extra salary cost to a new trainee $400On August 30, purchased a new tv screen $600 On August 30, paid$6000 in salaries for the month of August. On August 30, received$14000 from haircuts services during the month of August. And $500of selling gels, creams, and shampoos

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Charles Horngren

2nd Edition

0558514847, 978-0558514846

More Books

Students also viewed these Accounting questions

Question

What is management growth? What are its factors

Answered: 1 week ago

Question

3. How would you address the problems that make up the situation?

Answered: 1 week ago

Question

2. What recommendations will you make to the city council?

Answered: 1 week ago