Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

trial balance, balance sheet, profit and loss account Project 2: Post these transaction under QB 1. RJ Started Business with 10000 Bank 2. Took loan

image text in transcribed

trial balance, balance sheet, profit and loss account

Project 2: Post these transaction under QB 1. RJ Started Business with 10000 Bank 2. Took loan from Mr. Lee 15000 Cash 3. Took loan from Ms. Meera 5000 Cash 4. Took loan from TD Bank 25000, transferred to his account 5. Truck is bought and paid 17000 by cheque 6. (Rent of Machinery is paid by cash $1500 ) 7. $5500 Revenue is generated by cash 8. Owner invested $8000 by cash in business 9. Salary paid to staff $2100 by cheque 10. Donation of $250 paid by cheque to Canada Welfare Society 11. Depreciation $1700 on Truck 12. Salary due but not paid till 31 st dec $1750 13. Serivce Revenue is Generated $7400 by chq 14. Advertisement Expenditure paid by cash $350 15. Owner purchased Laptop worth $700 paid by ch

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions