The Digital Partner, Co. is a company that runs its business in digital-solution services. This company...

 

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The Digital Partner, Co. is a company that runs its business in digital-solution services. This company was established in January 2017. It is owned by Mr. Wiliam Stanley and Ms. Helena Gilbert. All transactions of The Digital Partner, Co are done in US$. During October 2019 the company held some transactions, as follow: October 2 Purchased supplies $350 from Sunny Store and promised to pay it by October 20, 2019. October 6 Mr. William Stanley deposited cash as his additional investment to The Digital Partner, Co. $20,000. October 8 Purchased a computer $ 740 from Bright, Co., paid $ 240 by cash and promised to pay the remaining amount next month. October 10 Had provided service and sent invoice to customers $ 4,540 to receive the payment by the end of October 2019. October 15 Paid advertising expense $215 and phone-bill $245 October 20 Paid to Sunny Store for the supplies purchased on October 2, 2018. October 22 Purchased supplies $153 by cash. October 25 Paid salaries for employees $3,786. Page 1 of 3 October 26 Had provided service and received cash from the customer $1,657. October 28 Received payment for transaction held on October 10, 2019. October 30 Paid for insurance for two years ahead $2,400. October 31 Paid dividend for Mr. William Stanley and Ms. Helena Gilbert $2,300. Instruction: Please prepare General Journal for the transactions of The Digital Partner, Co. during October 2019. The Digital Partner, Co. is a company that runs its business in digital-solution services. This company was established in January 2017. It is owned by Mr. Wiliam Stanley and Ms. Helena Gilbert. All transactions of The Digital Partner, Co are done in US$. During October 2019 the company held some transactions, as follow: October 2 Purchased supplies $350 from Sunny Store and promised to pay it by October 20, 2019. October 6 Mr. William Stanley deposited cash as his additional investment to The Digital Partner, Co. $20,000. October 8 Purchased a computer $ 740 from Bright, Co., paid $ 240 by cash and promised to pay the remaining amount next month. October 10 Had provided service and sent invoice to customers $ 4,540 to receive the payment by the end of October 2019. October 15 Paid advertising expense $215 and phone-bill $245 October 20 Paid to Sunny Store for the supplies purchased on October 2, 2018. October 22 Purchased supplies $153 by cash. October 25 Paid salaries for employees $3,786. Page 1 of 3 October 26 Had provided service and received cash from the customer $1,657. October 28 Received payment for transaction held on October 10, 2019. October 30 Paid for insurance for two years ahead $2,400. October 31 Paid dividend for Mr. William Stanley and Ms. Helena Gilbert $2,300. Instruction: Please prepare General Journal for the transactions of The Digital Partner, Co. during October 2019.

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1 Journal entries to record the transactions for October 2019 Date Particulars ... View the full answer