Question: PLEASE FOLLOW DIRECTION AND DO IN CHART FORM 3A1. Prrepare journal entries for the following transactions that occurred during May: 201X Mar. 1 Joan Doxbury

PLEASE FOLLOW DIRECTION AND DO IN CHART FORM

3A1. Prrepare journal entries for the following transactions that occurred during May:

201X

Mar. 1

Joan Doxbury invested$170,000

cash and$20,000 of equipment into her new business.

3

Purchased building for$50,000 onaccount.

12

Purchased a truck fromLexington Co. for$9000 cash.

18

Bought supplies fromMay Co. For $300,00 on account.

3A2. Record the following into the general journal of Reggie's Auto Shop.

201X

May 1

Reggie Stathos invested $90,000 cash in the auto shop.

5

Paid $7,000 for auto equipment.

8

Bought auto equipment from Lancaster Co. for $10,000 on account.

14

Received $900 for repair fees earned.

18

Billed McNeil Co. $750 for services rendered.

20

Reggie withdrew $400 for personal use.

3A4 From the following transactions for Leslie Company for the month of July. (a) prrepare journal entries (assume that it is page 1 of the journal), (b) post journal entries to the ledge (use a four-column account), and prrepare a trial balance.

201X

July 1

Jasmine Leslie invested $9,000 in the business

4

Bought equipment from Brasa Co. for $800 on account.

15

Billed Cuz Co. for services rendered $7000.

18

Received $5,000 cash for services rendered

24

Paid salaries expense, $1200.

28

Jasmine withdrew $700 for personal use

Reference

Slater, J. (2019). College Accounting: A Practical Approach (14th ed.). Pearson/Prentice Hall.

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