Bob sample opened the campus laundromat on september 1, Ask an Expert

Accounting

bob sample opened the campus laundromat on september 1, 2008. during the first month of operation, the following occurred.
sept 1. invested $20,000 cash in business.

sept 2. paid $1,000 cash for store rent for september.
sept 3. purchased washers and dryers for $25,000, paying $ 10,000 in cash and signing a $15,000, 6-month, 12% note payable.
sept 4. paid $1,200 for one year accident insurance policy.
sept 10. reveived a bill from the daily news for advertising the opening of laundromat.
sept 20. withdrew $700 cash for pesonal use
sept 30. determined that cash receipts for laundry services for the month were $6,200.

instructions:
a) journalize the september transactions.
b) open ledger accounts and post the september transactions.
c) prepare a trial balance at sept 30, 2008.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9100078

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