Prepare journal entries for the following transactions that occurred during April. 2020 Apr. 3 Jan Dimon invested
Question:
Prepare journal entries for the following transactions that occurred during April.
2020
Apr. 3 Jan Dimon invested $100,000 cash and $18,000 worth of equipment
in her new business.
6 Purchased building for $40,000 on account.
13 Purchased a truck from Leominster Co. for $11,000 cash.
17 Bought supplies from Lee Co. on account, $500.
Step by Step Answer:
Date 2020 Apr 3 6 13 17 Cash Equipment J Dimon Capital Owners investment ...View the full answer
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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