On September 1, 2008, Michael Moe opened Moe's Mowing, a company that provides lawn mowing and landscaping
Question:
On September 1, 2008, Michael Moe opened Moe's Mowing, a company that provides lawn mowing and landscaping services. During September the company carried out the following transactions:
1. To start operations, Michael deposits $ 10,000 in personal funds in the company's bank account. The company receives cash and gives Michael the capital (Owner's equity).
2. The company purchased the equipment on account for $ 3,500
3. The company purchased office supplies for $ 800 cash
4. The company provided services to customers on account for $ 2,600
5. The company pays cash for the top $ 500
equipment previously purchased on account in transaction number 2 6. The company received $ 2,000 in cash for services
given to new customers
7. The company pays $ 200 cash to repair the equipment. 8. The company pays cash a salary of $ 200
$ 900
9. The company received $ 2,100 in cash from
credit customers 10. Michael withdrew $ 1,500 in cash from the company for personal use
Requested:
1. Record the above transactions in a general journal
2. Post to the ledger
3. Prepare a trial balance
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac