The following transactions took place in the month of November at Jamuna Ltd Company: 1 Nov. Paid
Question:
The following transactions took place in the month of November at Jamuna Ltd Company:
1 Nov. Paid rent for period of November 1 to end of month, $5,000.
6 Nov. Purchased office equipment on account, $20,000.
8 Nov. Purchased a truck for $40,500 paying $10,000 cash and giving a note payable for the remainder.
12 Nov. Received cash for job completed, $13,500.
30 Nov. Received cash from customers on account, $9,000.
Required:
1.Journalise the double entry for the above transactions.
2.Post the entries to the Cash Account only. Do not write up the other accounts. Then balance-off at the end of November. Beginning Balance of Cash as at 1 November is $25,000.
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood