Nov1, 2020 Bob Langley establish a Personal Care business agency. The following transactions are for the first month of operation

1Nov1, 2020 Bob input $32,000 into the business bank account

2Nov2, 2020 Business bought equipment for $7,300 and signing a note for the balance

3Nov3, 2020 Business paid 6 months rent for $12,000

4Nov7, 2020 Business purchased $4320 office supplies on credit.

5Nov8, 2020 Billed the cleint for $17,200 services completed on account

6Nov9, 2020 Receive a bill from Adverstising agency for $2500 on account

7Nov12, 2020 found the defective supplies from the Nov7 purchase, return $500 supplies back to the supplier

8Nov15, 2020 paid amount due in the Nov9 transaction

9Nov20, 2020 Received $7,500 from the Nov8 transaction

10Nov25, 2020 Paid the balance due for Nov7 transaction

11Nov30, 2020 received the Nov utility bill for $830, it wil be paid in Dec, 2020

12Nov30, 2020 Paid employee salary for $6,300.

Please prepare journal entries for the above transactions.

Answer rating: 100% (QA)

Solution Journal Entries In the books of Bob Langley Date Par... View the full answer