August 1. Invested $30,000 cash and equipment valued at $10,000 in the business 2. Purchased supplies...

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August 1. Invested $30,000 cash and equipment valued at $10,000 in the business 2. Purchased supplies on account for $2,000. 3. Paid office rent of $1,200 for a year. 5. Completed audit of financial statements and invoiced a client $4,000. 10. Received $1,500 advance payment for a tax consulting assignment. 11. Donated $700 of business cash towards a community cause as part of business social responsibility. 15. Paid utilities $250. 16. Completed a tax consulting assignment for which money had been received on January 10. 17. Purchased supplies $800 cash. 20. Paid insurance for the month $600. 22. Received $2,500 from a client who had received services but not paid. 24. Paid creditors who had supplied on account $1,200 25. Performed services to clients who immediately paid cash of $4,800. 26. Paid administrative assistant $1,800 wage for the month. 28. Bought a computer for the business for $2,000 using personal funds. 29. Purchased a vehicle $6,000 for the business. Did not pay cash but issued a note. 30. Withdrew $4,500 cash from the business for personal use (Do not use a drawings account). 30. Paid office expenses $200 for the month. Choose appropriate accounts that you believe Brittney has in her business chart of accounts and do the following: a. Enter the transactions into a general journal. b. Make postings into the general ledger. c. Prepare a trial balance at the end of the month on August 31. Use excel spreadsheet (s) to complete this homework. August 1. Invested $30,000 cash and equipment valued at $10,000 in the business 2. Purchased supplies on account for $2,000. 3. Paid office rent of $1,200 for a year. 5. Completed audit of financial statements and invoiced a client $4,000. 10. Received $1,500 advance payment for a tax consulting assignment. 11. Donated $700 of business cash towards a community cause as part of business social responsibility. 15. Paid utilities $250. 16. Completed a tax consulting assignment for which money had been received on January 10. 17. Purchased supplies $800 cash. 20. Paid insurance for the month $600. 22. Received $2,500 from a client who had received services but not paid. 24. Paid creditors who had supplied on account $1,200 25. Performed services to clients who immediately paid cash of $4,800. 26. Paid administrative assistant $1,800 wage for the month. 28. Bought a computer for the business for $2,000 using personal funds. 29. Purchased a vehicle $6,000 for the business. Did not pay cash but issued a note. 30. Withdrew $4,500 cash from the business for personal use (Do not use a drawings account). 30. Paid office expenses $200 for the month. Choose appropriate accounts that you believe Brittney has in her business chart of accounts and do the following: a. Enter the transactions into a general journal. b. Make postings into the general ledger. c. Prepare a trial balance at the end of the month on August 31. Use excel spreadsheet (s) to complete this homework.

Answer rating: 100% (QA)

To record these transactions in Brittneys business chart of accounts youll need to use various accounts from her chart of accounts Below Ill provide a general journal followed by general ledger accoun... View the full answer