Prepare General Journal entries for each of the seven transactions posted to the following T-accounts. Provide a short description of each transaction. The first description is done as an example.
(a) The owner invested cash, an automobile, and equipment in the business.

Transcribed Image Text:

Cash Office Supplies Prepaid Insurance b) 3,600 (a) 7,000 3,600 (b) ( 600 (e) 2,50060 200 700 (g) 2.400 (0 Equipment Automobiles Accounts Payable f) _ 2,400-96000-(d) (a) 5,600 (d) 9,400 (a) 11,000 Jerry Steiner, Capital Delivery Services RevenueGas and Oil Expense 2,500 (eg 700 23,600 (a)