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Journalize the following transactions and prepare a Trial balance General Ledger Trial Balance. Number Activity 10.1 Owner invests $10,000 in new business and calls it
Journalize the following transactions and prepare a
Trial balance
General Ledger
Trial Balance.
Number Activity 10.1 Owner invests $10,000 in new business and calls it "Electric Avenue" 10.2 Owner purchases $5000 in computer equipment with cash. 10.3 Electric Avenue purchases $1500 supplies on account. 10.4 Electric Avenue performs $6000 services on credit. 10.5 Electric Avenue receives $2000 of the payments of services on credit with cash. 10.6 Electric Avenue buys $500 of advertising promotion space on Google Ads on account. 10.7 Electric Avenue pays $300 of advertising expenses promotion. 10.8 Electric Avenue performs $7000 of services on credit, $2000 in cash and $5000 on account 10.9 Electric Avenue pays salaries of $500, and utilities of $200 with cash. 10.1 Electric Avenue pays remaining $200 of advertising. 10.11 Electric Avenue receives $2000 payments of services from $6000 bill. 10.12 Electric Avenues owner withdraws $5000 in cash
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Heres the journal entries for the given transactions followed by the trial balance general ledger an...Get Instant Access to Expert-Tailored Solutions
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