Make a General Ledger for the following selected transactions completed by the SPC Laundry Shop during the month of January in the present year: - Initial equity, 10,000.00 3 - Purchased supplies on account, 500.00. - Paid rent for January 3,000.00. - Purchased laundry equipment for cash, 1 7 5,000.00. 10 - Paid miscellaneous expenses, 200.00. 10 - Paid creditors on account, 300.0O. 12 - Charged customers for services sold on account, 300.00. 14 - Received 200.00 from customers on account. 17 - Received 500.00 cash from customers. 19 - Withdrew 400.00 in cash for personal use. 26 - Determined by taking an inventory that 100.00 of supplies had been used during the month.
Make a General Ledger for the following selected transactions completed by the SPC Laundry Shop during the month of January in the present year: - Initial equity, 10,000.00 3 - Purchased supplies on account, 500.00. - Paid rent for January 3,000.00. - Purchased laundry equipment for cash, 1 7 5,000.00. 10 - Paid miscellaneous expenses, 200.00. 10 - Paid creditors on account, 300.0O. 12 - Charged customers for services sold on account, 300.00. 14 - Received 200.00 from customers on account. 17 - Received 500.00 cash from customers. 19 - Withdrew 400.00 in cash for personal use. 26 - Determined by taking an inventory that 100.00 of supplies had been used during the month.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 5EB: Review the following transactions and prepare any necessary journal entries for Lands Inc. A. On...
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