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using the template provided. 1. record the business transactions in the general journal. 2. post journal entries into the T-accounts. 3. prepare the unadjusted general
using the template provided.
1. record the business transactions in the general journal.
2. post journal entries into the T-accounts.
3. prepare the unadjusted general ledger trial balance.
Business Transactions-Word References Mailings Review View Help Tell me what you want to do Business Transactions November 1, 2015 business venture by depositing money into Deposit Ticket 1 an interest bearing business checking account Nick borrowed from the local bank. It is a November 1, 2015 Deposit Ticket l 5-year note,10% interes $15,000.00 November 2, Check Number Nick paid cash for a trailer listed on Craig's $6,000.00 list to haul his lawn equipment. Nick signed a contract with a cellular company and purchased a smart phone on account to track appointments and make business phone calls (anything less than $300 is considered an expense 2015 100 November 2, 2015 $250.00 Nick purchased a lawn tractor at Sears on November 3 2015 $4,000.00 account Nick paid cash for a hand lawn mower at Menards (anything tangible over $300 is 600.00 capitalized as a fixed asset) Nick paid for a one-year insurance policy that is effective November 1 Nick signed a contract with a local graphic center to detail the name of the business on $700.00 his truck for advertising Nick paid cash for supplies (gas cans, rakes, November 3, 2015 Check Number Check Number November 4, 2015 $1,200.00 November 5, 2015 November 5, & garbage cans) which he will be using in Check Number 103 November for the business. (hint he is 590.00 using them right away so they are an expense) Nick filled all of the gas cans and purchased oil for the lawn equipment. (Gas & Oil are recorded as an asset and adjusted at the end- of the month for usage). Nick advertised his business in the local newspaper. The newspaper invoices their S100.00 customers monthly Nick performed lawn service for The Local November 8, 2015 Check Number 104 $225.00 November 9 2015 November 10, Invoice 001 Communitv College camnus and i S1400.00 ! F4 F5 F6 F8 F9 F11Step by Step Solution
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