Question: WILL RATE ASAP !! On September 1, 2014 John Smith established The Coffee Shop, which com following transactions for the month: a) John Smith transferred
On September 1, 2014 John Smith established The Coffee Shop, which com following transactions for the month: a) John Smith transferred cash from his personal bank account to be us business, $21,000 b) Purchased supplies on account, $3,200 c) Received cash for services rendered, $14,900 d) Paid creditor on account, $2,300 e) Paid office salaries, 3,050 f) Determined the cost of supplies used was $400 g) Withdrew cash for personal use. $4,000 h) Paid rent for equipment and office for the month, $3,200 i) Billed customer for fees earned, $14,000 structions: 1) Journalize the above transactions (on the journal sheet provided). 2) Prepare T-Accounts (on the blank sheet provided). 3) Prepare an adjusted trial balance on the adjusted trial balance te provided)
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