Journal the following transactions related to the business, Bub’s Gym, owned by Bub Turner
- Journal the following transactions related to the business, Bub’s Gym, owned by Bub Turner.
c. December 1. Wrote check to establish a petty cash fund, $200.00. Check No. 21.
d. December 9. Used debit card to buy supplies, $120.00. Memorandum No. 12.
e. December 14. Paid cash for insurance, using EFT, $50.00. Memorandum No. 13.
f. December 18. The bank notified Bub’s Gym of a dishonored check from Hawks Athletics for $50.00, with a fee of $35.00. Memorandum No. 14.
g. December 27. Paid cash for electric bill, $200.00. Check No. 23.
h. December 31. Replenished petty cash fund for Postage Expense, $15.00, Supplies Expense, 30.00, and Miscellaneous Expense, $10.00, totaling $55.00. Check No. 24.
i. December 31. Received bank statement showing December bank service charge, $25.00. Memorandum No. 15.
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