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The Digital Partner, Co. is a company that runs its business in digital-solution services. This company was established in January 2017. It is owned by
The Digital Partner, Co. is a company that runs its business in digital-solution services. This company was established in January 2017. It is owned by Mr. William Stanley and Ms. Helena Gilbert. All transactions of The Digital Partner, Co are done in US$. During October 2019 the company held some transactions, as follow: October 2 October 6 October 8 October 10 October 15 October 20 October 22 October 25 Purchased supplies $350 from Sunny Store and promised to pay it by October 20, 2019. Mr. William Stanley deposited cash as his additional investment to The Digital Partner, Co. $20,000. Purchased a computer $ 740 from Bright, Co., paid $ 240 by cash and promised to pay the remaining amount next month. Had provided service and sent invoice to customers $ 4,540 to receive the payment by the end of October 2019. Paid advertising expense $215 and phone-bill $245 Paid to Sunny Store for the supplies purchased on October 2, 2018. Purchased supplies $153 by cash. Paid salaries for employees $3,786. Page 1 of 3 October 26 October 28 October 30 October 31 Had provided service and received cash from the customer $1,657. Received payment for transaction held on October 10, 2019. Paid for insurance for two years ahead $2,400. Paid dividend for Mr. William Stanley and Ms. Helena Gilbert $2,300. Instruction: Please prepare General Journal for the transactions of The Digital Partner, Co. during October 2019. The Digital Partner, Co. is a company that runs its business in digital-solution services. This company was established in January 2017. It is owned by Mr. William Stanley and Ms. Helena Gilbert. All transactions of The Digital Partner, Co are done in US$. During October 2019 the company held some transactions, as follow: October 2 Purchased supplies $350 from Sunny Store and promised to pay it by October 20, 2019. October 6 Mr. William Stanley deposited cash as his additional investment to The Digital Partner, Co. $20,000 October 8 Purchased a computer $ 740 from Bright, Co., paid $ 240 by cash and promised to pay the remaining amount next month. October 10 Had provided service and sent invoice to customers $ 4,540 to receive the payment by the end of October 2019. October 15 Paid advertising expense $215 and phone-bill $245 Paid to Sunny Store for the supplies purchased on October 2, 2018. October 20 October 22 October 25 Purchased supplies $153 by cash. Paid salaries for employees $3,786. Page 1 of 3 October 26 Had provided service and received cash from the customer $1,657 October 28 Received payment for transaction held on October 10, 2019. October 30 Paid for insurance for two years ahead $2,400 October 31 Paid dividend for Mr. William Stanley and Ms. Helena Gilbert $2,300. Instruction: Please prepare General Journal for the transactions of The Digital Partner, Co. during October 2019
The Digital Partner, Co. is a company that runs its business in digital-solution services. This company was established in January 2017. It is owned by Mr. William Stanley and Ms. Helena Gilbert. All transactions of The Digital Partner, Co are done in US$.
During October 2019 the company held some transactions, as follow:
October 2 October 6 October 8
October 10
October 15 October 20 October 22 October 25
Purchased supplies $350 from Sunny Store and promised to pay it by October 20, 2019.
Mr. William Stanley deposited cash as his additional investment to The Digital Partner, Co. $20,000. Purchased a computer $ 740 from Bright, Co., paid $ 240 by cash and promised to
pay the remaining amount next month.
Had provided service and sent invoice to customers $ 4,540 to receive the payment by the end of October 2019.
Paid advertising expense $215 and phone-bill $245
Paid to Sunny Store for the supplies purchased on October 2, 2018.
Purchased supplies $153 by cash.
Paid salaries for employees $3,786.
Page 1 of 3
October 26
October 28
October 30
October 31
Had provided service and received cash from the customer $1,657. Received payment for transaction held on October 10, 2019.
Paid for insurance for two years ahead $2,400.
Paid dividend for Mr. William Stanley and Ms. Helena Gilbert $2,300.
Instruction: Please prepare General Journal for the transactions of The Digital Partner, Co. during October
2019.
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