Date 01/6 02/6 03/6 05/6 06/6 $40 stamp duty (no GST). 04/6 Paid cash for stationery...

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Date 01/6 02/6 03/6 05/6 06/6 $40 stamp duty (no GST). 04/6 Paid cash for stationery $165 including GST 07/6 08/6 For the following transactions, complete the Transaction Analysis (The first transaction has been completed for you.) Account Name Account Type 09/6 10/6 Transaction Initial capital paid into business bank account $35,000 Received money for a long term loan $100,000 Paid business insurance Bank premium $700+ $70 GST + Insurance Interest received on bank account $25 (GST does not apply) Service revenues earned in cash amounted to $2,000 +$200 GST Bank Capital Commission revenue received $1200+ $120 GST Paid cash for a vehicle $16,000+ $1,600 GST Drawings $1,000 Paid $20,000 off the loan Bank Long-term loan GST Paid Bank Stationary GST Paid Bank Interest Received Bank S. Revenues GST Collected Bank Commission.R GST Collected Bank Vehicle GST Paid Bank Drawings Loan repayment Bank A OE ledger account. (d) Prepare a Trial Balance as at 10 June. ALAEAA WAAR E А А AR. А L A R L A A A A OE E A $ Increase + or $ Decrease- +$35,000 +$35,000 +$100,000 +$100,000 -$810 +$740 +$ 70 -$165 +$150 -$15 +$25 +$25 +$ 2,200 +$2,000 +$ 200 +$ 1,320 +$ 1,200 +$ 120 - $ 17,600 +$ 16,000 +$1,600 -$1,000 +$ 1,000 -$20,000 +$ 20,000 DR or CR DR CR DR CR CR DR DR CR DR DR DR CR DR CR CR DR CR CR CR DR DR CR DR CR DR Also required: Using the templates provided: (b) Prepare General Journal entries for the transactions. (c) Post the General Journal entries to the ledgers and include "DR" or "CR' to each running Balance for each Date 01/6 02/6 03/6 05/6 06/6 $40 stamp duty (no GST). 04/6 Paid cash for stationery $165 including GST 07/6 08/6 For the following transactions, complete the Transaction Analysis (The first transaction has been completed for you.) Account Name Account Type 09/6 10/6 Transaction Initial capital paid into business bank account $35,000 Received money for a long term loan $100,000 Paid business insurance Bank premium $700+ $70 GST + Insurance Interest received on bank account $25 (GST does not apply) Service revenues earned in cash amounted to $2,000 +$200 GST Bank Capital Commission revenue received $1200+ $120 GST Paid cash for a vehicle $16,000+ $1,600 GST Drawings $1,000 Paid $20,000 off the loan Bank Long-term loan GST Paid Bank Stationary GST Paid Bank Interest Received Bank S. Revenues GST Collected Bank Commission.R GST Collected Bank Vehicle GST Paid Bank Drawings Loan repayment Bank A OE ledger account. (d) Prepare a Trial Balance as at 10 June. ALAEAA WAAR E А А AR. А L A R L A A A A OE E A $ Increase + or $ Decrease- +$35,000 +$35,000 +$100,000 +$100,000 -$810 +$740 +$ 70 -$165 +$150 -$15 +$25 +$25 +$ 2,200 +$2,000 +$ 200 +$ 1,320 +$ 1,200 +$ 120 - $ 17,600 +$ 16,000 +$1,600 -$1,000 +$ 1,000 -$20,000 +$ 20,000 DR or CR DR CR DR CR CR DR DR CR DR DR DR CR DR CR CR DR CR CR CR DR DR CR DR CR DR Also required: Using the templates provided: (b) Prepare General Journal entries for the transactions. (c) Post the General Journal entries to the ledgers and include "DR" or "CR' to each running Balance for each

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b General Journal entries for the transactions Date Transaction Account Name Account Type Increase or Decrease DR or CR 016 Initial capital paid into business bank account Bank Asset 35000 DR 016 Init... View the full answer