Record the following transactions in the journal, post them to the ledger, and make a trial balance. On August 1st, Minnie Madison's Moving Company began business and had the following transactions: 8-1: Minnie Madison contributed $200,000 cash to MMMS. 8-2: MMMS purchased supplies from Staples on account for $20,000 8-3: MMMS moved Sarah Smith to Seattle and billed her $200,000. 8-5: MMMS Paid the Staples bill from (8-2) in cash, $20,000. 8-10: Minnie Martin withdrew $30,000 cash from MMMs. 8-20: MMMS moved Logan Larson to Miami and received $100,000 cash. 8-20: Sarah Smith paid her Accounts Receivable from (8-3), in cash $200,000. 8-31: MMMS paid salaries in cash, $40,000 8-31: MMMS paid rent in cash $10,000.

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To record the given transactions in the journal post them to the ledger and create a trial balance we will follow the steps below 1 Journal Entries Da... View the full answer