George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations the firm had the following transactions Record these transactions on page 1 of the general journal. Omit explanation Post appropriate transactions to the general ledger
 

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Apr. 1 George Smyth invested $40,000 cash in the business. 2 Paid rent for April, $3,500. 8 Bought equipment for $10,000 and issued a check for $3,000 as a down payment. 12 Performed services for $4,500 in cash, and $1,200 on credit. 19 Paid electric bill, $260. 25 Received $100 on account from credit customers. JOURNAL Page 1 Post Date Description Ref. Debit Credit Apr. 1 George Smyth invested $40,000 cash in the business. 2 Paid rent for April, $3,500. 8 Bought equipment for $10,000 and issued a check for $3,000 as a down payment. 12 Performed services for $4,500 in cash, and $1,200 on credit. 19 Paid electric bill, $260. 25 Received $100 on account from credit customers. JOURNAL Page 1 Post Date Description Ref. Debit Credit

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Solution Date Accounts Title Dr Cr 1Apr Cash 40000 George Smyth Capital 40... View the full answer