Record journal entry 1) May1, 2019 Business owner open Renovationk design company and invested $300,000 in business

Record journal entry 

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1) May1, 2019 Business owner open Renovationk design company and invested $300,000 in business bank account 2) May1, 2019 Husiness bought supplies $1o00, but the money will be paid in the future 3)May1, 2019 business paid a one year rent for $24,000 4) May2, 2019 Business bought a computer and a printer for $9,000 paid in cash, the useful life of the machine is 10 years 5) May3, 2019 business bought the floor materials required to complete upcoming renovation Project#1 for $3500, paid in cash 6) May3, 2019 business use the 5 year auto financing $24,000 to purchase a truck (Loan interest is 10%, which will be paid at the end of 5 years with the principal and truck's useful life is 5 years) 7IMay5, 2019 business signed a Projecti1 $35,000 agreement. The project will be finished during the month and hired a group of contractors to help the projecta1 8)May7, 2019 business paid the owing money for the purchase of the supplies in transaction 2) 9)May14, 2019 business paid the front desk employee $1,500 wages in cash 10)May15, 2019 business completed the project#1 and received the money $35,000 11) May16, 2019 business paid $10,000 to the contractors for help to complete the Project1 12) May 16, 2019 business confirm $2000 materials already been used for project1 13) May 17, 2019 business complete the basement design service project2 S8,000 for the customer. The money will be received in the near future 14) May18, 2019 business owner withdrew $3,000 cash trom the business bank atc 15) May28, 2019 business paid front employee wages again in cash 16) May30, 2019 received the utility bill S500 for the electricity and energy used during the month paid in cash 17) May31. 2019 business found only $400 supplies let over there 18) May31, 2019 business need to record the current month rent expense since the business has been a tenanct for the whole month of May. 19) May31, 2019 Business need to record the used up part of the equipment 20) May31. 2019 business need to record the used up part of the truck 21) Maya1, 2019 business recorde the monthily interest of the above truck loan 1) May1, 2019 Business owner open Renovationk design company and invested $300,000 in business bank account 2) May1, 2019 Husiness bought supplies $1o00, but the money will be paid in the future 3)May1, 2019 business paid a one year rent for $24,000 4) May2, 2019 Business bought a computer and a printer for $9,000 paid in cash, the useful life of the machine is 10 years 5) May3, 2019 business bought the floor materials required to complete upcoming renovation Project#1 for $3500, paid in cash 6) May3, 2019 business use the 5 year auto financing $24,000 to purchase a truck (Loan interest is 10%, which will be paid at the end of 5 years with the principal and truck's useful life is 5 years) 7IMay5, 2019 business signed a Projecti1 $35,000 agreement. The project will be finished during the month and hired a group of contractors to help the projecta1 8)May7, 2019 business paid the owing money for the purchase of the supplies in transaction 2) 9)May14, 2019 business paid the front desk employee $1,500 wages in cash 10)May15, 2019 business completed the project#1 and received the money $35,000 11) May16, 2019 business paid $10,000 to the contractors for help to complete the Project1 12) May 16, 2019 business confirm $2000 materials already been used for project1 13) May 17, 2019 business complete the basement design service project2 S8,000 for the customer. The money will be received in the near future 14) May18, 2019 business owner withdrew $3,000 cash trom the business bank atc 15) May28, 2019 business paid front employee wages again in cash 16) May30, 2019 received the utility bill S500 for the electricity and energy used during the month paid in cash 17) May31. 2019 business found only $400 supplies let over there 18) May31, 2019 business need to record the current month rent expense since the business has been a tenanct for the whole month of May. 19) May31, 2019 Business need to record the used up part of the equipment 20) May31. 2019 business need to record the used up part of the truck 21) Maya1, 2019 business recorde the monthily interest of the above truck loan

Answer rating: 100% (QA)

Journal Entry S No Date Particular Debit Credit 1 01052019 Bank Ac Dr 300000 To Owners Capital Ac 30... View the full answer