Question
The following transactions need to be entered to a general ledger. 1. Molly invested cash in business, $20,000. 2. Purchased 2 new ovens on account
The following transactions need to be entered to a general ledger. 1. Molly invested cash in business, $20,000. 2. Purchased 2 new ovens on account for $6300. 3. Molly paid rent for November, $1500. 4. Purchased food supplies on acct for $2000. 5. Deposited meal delivery fees, $3400. 6. Paid wages to workers, $2000. 7. Purchased kitchen supplies with cash, $500. 8. Deposited meal delivery fees, $3000. 9. Purchased food supplies on account, $2500. 10. Deposited meal delivery fees, $3200. 11. paid wages to workers, $2050. 12. Deposited meal delivery fees, $3050. 13. Paid phone bill, $200. 14. Paid utilities bill, $500. 15. Molly withdrew cash for personal use, $3000. Additional info to consider on ledger: 1) food supply remaining on hand, $2050, Beginning balance=$2100 2) kitchen supplies used, $600. Beginning balance=$1200 3) November rent used 4) depreciation of ovens, $75. 5) Wages earned, not yet paid. $950
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