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record the transactions or events that should be recorded in the general journal and post them to the ledger accounts; include narrations and dates. Then
record the transactions or events that should be recorded in the general journal and post them to the ledger accounts; include narrations and dates. Then prepare the trial balance.
- 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 for selling gels
- On August 12, paid $200 water bill
- On August 12, paid $150 for electricity bill
- On August 14, incurred $1100 for the businesss bank loan due in 14 days
- On August 16, purchased a new chair set up for $450
- On August 17, paid the amount due for the influencer $400 for advertising
- On August 19, paid $90 for my internet bill
- On August 21, received for $200 selling of shampoos
- On August 23, paid $110 for insurance
- On August 24, cleaner $110
- On August 27, paid $1100 for the businesss bank loan
- On August 28, gas bills $35
- On August 30, extra salary cost to a new trainee $400
- On 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 $500 of selling gels, creams, and shampoos
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