The value of salaries and wages for the first month amounted to $1,000. The exhibition insurance
Question:
● The value of salaries and wages for the first month amounted to $1,000.
● The exhibition insurance premium for the first month has been settled.
● The company obtained the amount of 50 dollars through the bank, the value of the interests of the investments of securities "shares".
● The owner of the project sent goods to a friend as a gift that cost $200.
● The company collected the rest of the amount owed by the merchant, Khaled, in cash.
Required:
1. As the financial accountant of this company, you must record previous financial settlements in the company's journal.
2. Post operations from the journal to the ledger.
3. Post the operations from the ledger to the trial balance before settlement and the trial balance after settlement.
Statistics for Management and Economics Abbreviated
ISBN: 978-1285869643
10th Edition
Authors: Gerald Keller