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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