Question
Record transaction in ledger form, calculate footings and balances: During November 2021, DAS engaged in the following transactions: a. DAS received cash of $10,000 from
Record transaction in ledger form, calculate footings and balances:
During November 2021, DAS engaged in the following transactions:
a. DAS received cash of $10,000 from Yan and issued common stock to Yan.
b. The business acquired a truck costing $5,000 on credit.
c. The business purchased goods costing $1,800 on account and sold them for $4,200 by cash.
d. The business painted a house for a client for $3,000 on account.
e. The business paid the telephone bill for the current month, $200.
f. The business paid $800 cash toward the goods purchased in transaction c.
g. The business received a bill for electricity of $1,000 for November.
h. The business paid cash dividends of $1,500.
i. The business collected $ 600 from the client in transaction d.
j. Yan paid $70 his personal cash for personal groceries.
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