Question: I need help Journaling these transactions please! Manually record the following transactions within the journal and create a chart of accounts. Upload all entries here.

I need help Journaling these transactions please!
Manually record the following transactions within the journal and create a chart of accounts. Upload all entries here. You may use an Excel document to complete this assignment. December 2020 started a corporation - wholesale of Drones 1. Invested $50,000 Cash in exchange of 25,000 shares of common stock 2. Paid $7,500 cash for 3 month rent 3. Paid for a one-year insurance policy, $3,600 4. Purchased office supplies for $700 5. Purchased 6 Drones for $1,200 total Simple system: The owner wants to do his/her own accounting, but knows practically nothing about accounting
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
