Question: Please I want to solve the question in the same way (which is called the ledger) Another example sactions. (Omit explanations.) c. On April 1,


sactions. (Omit explanations.) c. On April 1, Adventures Travel Agency began operations. The following transactions were completed during the month. 1. Owner invested $24,000 in the business. 2. Obtained a bank loan for $7,000 by issuing a note payable. 3. Paid $11,000 cash to buy equipment. 4. Paid $1,200 cash for April office rent. 5. Paid $1,450 for supplies. 6. Purchased $600 of advertising in the Daily Herald, on account. 7. Performed services for $18,000: cash of $2,000 was received from customers, and the balance of $16,000 was billed to customers on account. 8. Cash withdrawal of $400 by owner for personal use. 9. Paid the utility bill for the month, $2,000. 10.Paid Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2) 12.Paid employees salaries and wages, $6,400. 13.Received $12,000 cash from customers billed in transaction (7). Instructions General Ledger Description Cash in Bank Debit Credit Balances Debit Credit 35,00 125.00 700 0 350 2.4650 300 21,850 1200 Date Assets. Loct. 1 withdrawals Oct. 4 Expenses oct 12 + Dr od 14 -Cr Oct. 15 loct 16 Liabilities loct 28 Capital loct 29 Revenues + Cr Oct31 -Dr 123,050 700223150 1125 22,225 600 21,615 500 21,125 ACCOUNT Balance Debit Credit Post. Ref. Credit Debit Date Hem 2000 C 2000 24000 310 1000 20000 1200 8800 1450 17350 19359 Hoo 18950 2000 16950 b00 7000 [8350 6400 2850 14950 8 G 16350 Jo 11 12. 13 G Gl Kood
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