Question
Theresa Thomas started a business and completed the following transactions forFebruary 2021: 1.Theresa invested $80,000 in her new business. 2.Purchased a computer on account, $2,000
Theresa Thomas started a business and completed the following transactions forFebruary 2021:
1.Theresa invested $80,000 in her new business.
2.Purchased a computer on account, $2,000
3.Bought Office furniture in cash $ 1,000
4.Purchased office supplies $200 on account
5.Purchased a printer for cash, S 100.
6.Paid $200 for computer repairs.
7.Paid rent for the month, $ 1,500.
8.Paid salaries of employees, $2,000.
9.Received $ 5,000 cash for services performed to a customer.
10.Theresa withdrew $2,000 for personal use.
11.Paid for advertisement $ 1,400 cash.
12.Got a loan from Citibank $ 10,000
13.Charged a fee to a customer $ 7,000 to be received next month
14.Paid Internet bill, $100.
15.Paid utility bill, $140.
16.Purchased office supplies $ 1,000 on account.
17.Received the cash from credit customers $ 1,000.
18.Paid cleaning S400 cash.
19. Returned the printer purchased on transaction 5 and got a refund.
General Journal
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