Unit 6 Journalizing full answers

1. Eric Smith is in business for himself as a groundskeeper and gardener in Bathurst, New Brunswick. He cuts grass, weed gardens, and trims trees and shrubs for a number of customers on a regular basis. The following accounts are in Eric Smith's Ledger. Use the names below. Cash $10,000 A/P - Pesticide Products A/R - G. Yung A/P - Pro Hardware - F. Sawchuck E. Smith, A/R - W. Scott E. Smith, Drawings Chemical Supplies Landscaping Revenue Equipment Advertising Expense Truck Interest Expense Bank Loan Telephone Expense A/P - Banner News Truck Expens Wages Expense Transanctions: Oct. 1 Purchased $125 worth of chemical supplies on credit from Pesticide Products. 2 Received a bill from Pro Hardware for $150 for the purchase of a new ladder on credit. 5 Issue a cheque for $100 to W. Decorte for part - time wages. 8 Received $50 cash from a customer for tree trimming. 10 Sold services to G. Yung for $100 on credit. 11 Invested additional capital for $6,000 cash. 12 Received a bill from the Banner News regarding a $50 advertisement placed in the newspaper on credit 15 Issued a cheque for $175 to E. Smith, the owner, for his personal use. 16 Received a notice from the bank stating that it had taken $90 from the business' bank account to pay for interest charges on the bank loan 17 Borrowed $6,000 from the bank. 20 Paid $80 for the truck related expenses. 21 Sold services to customers for $5,000 cash. 24 Paid wages for $1,800. 26 E. Smith, the owner, withdrew $100 for personal use. 28 Sold services to W. Scott for $4,000 on credit. 29 Sold services to F. Sawchuck for $3,000 on credit. 31 Received full payment from F. Sawchuck. Required: 1. Record the transactions for the Month of October in a journal