Question: Question 2: Joumalize transactions, post, and prepare a trial balance. (LO 1, 2, 3, 4) A group of student-investors in Hong Kong opened Campus Laundromat
Question 2: Joumalize transactions, post, and prepare a trial balance. (LO 1, 2, 3, 4) A group of student-investors in Hong Kong opened Campus Laundromat Ltd. on September 1, 2025. During the first month of operations, the following transactions occurred. Sept. 1Shareholders invested HK\$20,000 cash in the business in exchange for ordinary shares. 2The company paid HK\$1,000 cash for store rent for September. 3Purchased washers and dryers for HKS25,000, paying HKS10,000 in cash and signing a HK\$ 15,000,6-month, 12% note payable. 4Paid HK\$1,200 for a one-year accident insurance policy. 10Received a bill from the Daily News for online advertising of the opening of the laundromat HK\$200. 20Declared and paid a cash dividend to shareholders of HK\$700. 30The company determined that cash receipts for laundry services for the month were HKS6,200. The chart of accounts for the company is the same as that for Yazici Advertising A.S. in Illustration 2.19 plus No. 610 Advertising Expense. Instructions Journalize the September transactions. (Use JI for the journal page number.) Open ledger accounts and post the September transactions. Prepare a trial balance at September 30, 2025
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