Norm Egglund owns and operates a toy repair store and had the following transactions. Record the...
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Norm Egglund owns and operates a toy repair store and had the following transactions. Record the entries in the general journal form. July 1 Invested $8,000 in business 3 Purchased supplies on account, $175 5 Purchased equipment for, $9,000, paying $6,000 cash and issuing a 30-day note for the remainder 7 Received, $1,500 cash for repairs 9 Purchased supplies on account, $255 11 Paid rent for month, $350 15 Paid electric bill, $155 17 Paid $100 on account from July 19 transaction 19 Withdrew $500 for personal use 23 Received $200 up front on a $500 repair 25 Paid $155 on account 30 Record cash repairs, $2150 30 Paid wages, $1000 Norm Egglund owns and operates a toy repair store and had the following transactions. Record the entries in the general journal form. July 1 Invested $8,000 in business 3 Purchased supplies on account, $175 5 Purchased equipment for, $9,000, paying $6,000 cash and issuing a 30-day note for the remainder 7 Received, $1,500 cash for repairs 9 Purchased supplies on account, $255 11 Paid rent for month, $350 15 Paid electric bill, $155 17 Paid $100 on account from July 19 transaction 19 Withdrew $500 for personal use 23 Received $200 up front on a $500 repair 25 Paid $155 on account 30 Record cash repairs, $2150 30 Paid wages, $1000
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Date General Journal Debit Credit 1Jul Cash 8000 Owner... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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