8. Please record transactions for the following transaction and prepare financial statements including trial balance for...
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8. Please record transactions for the following transaction and prepare financial statements including trial balance for July 2019. (20 marks) A. Peter invested $10,000 in the business from his personal saving account. B. Bought delivery truck on account, $17,000 C. Bought office equipment for cash, $700 D. Advertising bill received but unpaid, $1,200 E. Received cash for delivery services rendered, $15,000 F. Paid salary expense, $3,000 G. Billed customer for delivery services rendered. $4,000 H. Telephone bill Paid, $150 1. Paid gas expense for company truck, $1,250 J. Received $3,000 partial payment of transaction G. K. Peter paid home telephone bill from company cheque book, $150 8. Please record transactions for the following transaction and prepare financial statements including trial balance for July 2019. (20 marks) A. Peter invested $10,000 in the business from his personal saving account. B. Bought delivery truck on account, $17,000 C. Bought office equipment for cash, $700 D. Advertising bill received but unpaid, $1,200 E. Received cash for delivery services rendered, $15,000 F. Paid salary expense, $3,000 G. Billed customer for delivery services rendered. $4,000 H. Telephone bill Paid, $150 1. Paid gas expense for company truck, $1,250 J. Received $3,000 partial payment of transaction G. K. Peter paid home telephone bill from company cheque book, $150
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OURNAL ENTRIES DEBIT CREDIT a cash 10000 Peters Capital 10000 b Property Plant and Equipment 17000 A... View the full answer
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
Posted Date:
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