Journalize the 10 transactions for your company using excel (must include descriptions). Your opening entry should include the following 4 items:

Bank $10,000 Supplies $5,000 Bank Loan $20,000 Capital _____

*You NEED to add other accounts to this opening entry, such as equipment, land, building, etc. You also need to then calculate the Capital.*

Purchased a piano for $2,500, Purchased 5 Theory Books for $50 all together, Received a Bill from Long and Mcquade for $500 for the purchase of a guitar on credit

Salary Paid to employees: $35,000 Received cash from parents of 150 students $30,000,  Sold equipment to Pro Music for $67,000,  Issued a cheque for $400 to Maria Jude

Answer rating: 100% (QA)

Opening balances Debit Credit Bank 10000 Supplies 5000 Bank Loan 20000 Equipment 60000 Land 50000 Bu... View the full answer