Using the information provided for Mundl Services, journalize the transactions completed during August of the current year.
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Aug 1 3 4 5 11 12 15 16 17 18 25 Mikaela Mundt invested $2,400.00 of her own money in the business. Receipt No. 1. Used business cash to purchase supplies casting $219.00. Wrote Check No. 1. Wrote Check No. 2 for insurance, $265.00. Purchased supplies for $76.00 over the phone from Southern Supplies, promising to send the check next week. Memo No. 1. Sent Check No. 3 to Southern Supplies. $76.00. Sent a check for the electricity bill, $210.00. Check No. 4. Wrote $960.00 check to Ms. Mundt as a withdrawal of equity for personal use. Used Check No. 5. Sold services for $436.00 to J. Lepowsky, who agreed to pay for them within ten days. Sales Invoice No. 1. Recorded cash sales of $1,209.00. Calculator tape dated March 17. T17. Paid $140.00 for advertising. Wrote Check No. 6. Received $438.00 from J. Lepowsky for the services performed last week. Wrote Receipt No. 2. Aug 1 3 4 5 11 12 15 16 17 18 25 Mikaela Mundt invested $2,400.00 of her own money in the business. Receipt No. 1. Used business cash to purchase supplies casting $219.00. Wrote Check No. 1. Wrote Check No. 2 for insurance, $265.00. Purchased supplies for $76.00 over the phone from Southern Supplies, promising to send the check next week. Memo No. 1. Sent Check No. 3 to Southern Supplies. $76.00. Sent a check for the electricity bill, $210.00. Check No. 4. Wrote $960.00 check to Ms. Mundt as a withdrawal of equity for personal use. Used Check No. 5. Sold services for $436.00 to J. Lepowsky, who agreed to pay for them within ten days. Sales Invoice No. 1. Recorded cash sales of $1,209.00. Calculator tape dated March 17. T17. Paid $140.00 for advertising. Wrote Check No. 6. Received $438.00 from J. Lepowsky for the services performed last week. Wrote Receipt No. 2.
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To journalize the transactions completed during August of the current year for Mundl Services we wil... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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