Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sep 1st - 27th Sep. 1 Garcia invested $84, ese cash along with office equipment valued at $25,800 in a new sole proprietorship named JG
Sep 1st - 27th
Sep. 1 Garcia invested $84, ese cash along with office equipment valued at $25,800 in a new sole proprietorship named JG Consulting Sep 3 The company purchased land valued at $40,000 and a building valued at $160,800. The purchase is paid with $30,800 cash and a long-term note payable for $170,000. Sep. 5 The company purchased $2,800 of office supplies on credit. Sep. 7 Garcia invested a personal automobile in the company. The automobile has a value of $18,100 and is to be used exclusively in the business, Sep. 9 The company purchased 56,400 of additional office equipment on credit. Sep. 11 The company paid $1,800 cash salary to an assistant Sep. 13 The company provided services to a client and collected $4,700 cash. Sep. 15 The company paid $1,400 cash for this month's utilities Sep. 17 The company paid $2,800 cash to settle the account payable created on September 5. Sep. 19 The company purchased $20, 300 of new office equipment by paying $20,300 cash Sep. 21 The company completed $7,000 of services for a client, who must pay within 30 days. Sep. 23 The company paid $1,800 cash salary to an assistant. Sep. 25 The company received $5,000 cash in partial payment on the receivable created on September 21. Sep. 27 Garcia withdrew $2,800 cash from the company for personal use. Requirement General Journal General Ledoen Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started