Question: Make a General Journal from the information below 9/1 Kevin Diaz invested 50000 cash into his new business along with an 80000 piece of land
Make a General Journal from the information below
9/1 Kevin Diaz invested 50000 cash into his new business along with an 80000 piece of land to build on one day
9/2 Purchased 1 year of liability insurance for 2000
9/5 Kevin Diaz hired an employee and owes that employee 400 for work completed
9/7 Signed a 1-year lease for office space costing 700 per month
9/8 Purchased a 500 Ad to promote his business in a local diner. This purchase is nonrefundable
9/11 Bought a truck costing 20000 with a loan from a bank
9/12 Purchased 3500 worth of inventory on account
9/15 Utility bill came in for 230 to be paid at a later date
9/16 Paid the employee what was owed and also gave an advance of 100 to be paid back next day
9/18 Performed a job for 7500 plus tax and collected the whole balance
9/19 Received a payment of 1000 from a customer for work to be performed at a later date
9/25 Performed an 8000 job plus tax but only collected 5550. This job consisted of the sale of inventory for 1900 that had a cost of 800
9/27 Had to pay 200 for a noise ordinance
9/28 Bought 2500 worth of supplies on account
9/29 interest of 150 has accrued on the bank loan
9/30 Kevin realizes the truck has depreciated by 1000, he only has 200 worth of supplies on hand, and also recognizes that some of the insurance has expired
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