1. Journalize the following transactions, in the general Journal. Use the perpetual method for recording transactions. Do not include explanations.
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3. 1. You, the owner, invest $155,000 in the business.
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5. 2. Company purchases $23,000 of goods for resale, on account
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7. 3. Company pays for 6-months of Insurance $2,488
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9. 4. Purchased office supplies, $1,450, pays cash
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11. 5. Cash sales totaled $11,750. Cogs was $5,000
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13. 6. Sales on account $19,500. Cogs was $12,000
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15. 7. Paid half of what was owed from #2
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17. 8. Received $10,125 from #6

Answer rating: 100% (QA)

Date Current Date 1 Owners Investment Cash 155000 Owners E... View the full answer