Bob Sample opened the campus Laundromat on Sep.1. During the first month of operation the following transactions occurred. Date Sep. 1 Sep. 2 Transactions Invested $20000 deposited in the ADIB Bank. Paid $1000 (check # 65) for store rent for the month Sep. 2 Purchase Supplies for $3000 on account from М.О.Со. Purchase washer and dryers for $ 25000, paying $10000 (check # 66) and sinning a $15000, 6 months,12% note payable. Paid $1200 (check # 67) for one year Insurance Policy. Received bill from Daily News for advertising the opening for Laundromat $200. Withdraw $ 700 (check # 68) for personal use. Determine that cash receipt for laundry service for the month were $9200; Deposited in the Arab Bank. Sep. 3 Sep. 4 Sep 10 Sep. 20 Sep. 30 Sep. 30 Salaries of $1200 are occurred and unpaid at Sep. 30. Sep. 30 Supplies on hand $800 at the end of Sep.
Bob Sample opened the campus Laundromat on Sep.1. During the first month of operation the following transactions occurred. Date Sep. 1 Sep. 2 Transactions Invested $20000 deposited in the ADIB Bank. Paid $1000 (check # 65) for store rent for the month Sep. 2 Purchase Supplies for $3000 on account from М.О.Со. Purchase washer and dryers for $ 25000, paying $10000 (check # 66) and sinning a $15000, 6 months,12% note payable. Paid $1200 (check # 67) for one year Insurance Policy. Received bill from Daily News for advertising the opening for Laundromat $200. Withdraw $ 700 (check # 68) for personal use. Determine that cash receipt for laundry service for the month were $9200; Deposited in the Arab Bank. Sep. 3 Sep. 4 Sep 10 Sep. 20 Sep. 30 Sep. 30 Salaries of $1200 are occurred and unpaid at Sep. 30. Sep. 30 Supplies on hand $800 at the end of Sep.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 1AP
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Question
A)Journalize the above transactions.
B)Journalize the adjusting entries .
C)Income statement.
D)Balance sheet.
E)Trial Balance .
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