Answered: eneral journal for the transactions

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter6: Using Credit

Section: Chapter Questions

Problem 9FPE

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1 January Grigory paid $5,000 into the business
2 January Bought a motor van for $600 on credit
3 January Bought goods for $1,300 on credit
4 January Received a loan from Sergei $1,000 repayable within twelve months
10 January Paid expenses on the motor van of $200
13 January Sold goods for $300 on credit
20 January Sold goods for $500 by cash
24 January Accrued storage expenses $150
27 January Repaid Sergei part of his loan $350
31 January Closing inventory was $800
Required
Prepare:
(i) general journal for the transactions;

BUT WE HAVE COMPLETED ONLY 8 CAHPTERS IN PRINCIPLES OF ACCOUNTING BY Marian Powers, Susan V Crosson, Belverd E Needles, so assuming this information we have to create general journal

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