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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:General Ledger
Account: Cash
Account No.: 1000
Date
Item
Ref
Debit
Credit
Balance

Transcribed Image Text:Make a General Ledger for the
following selected transactions
completed by the SPC Laundry Shop
during the month of January in the
present year:
1 - Initial equity, 10,000.00
3 - Purchased supplies on account, 500.00.
5 - Paid rent for January 3,000.00.
7 - Purchased laundry equipment for cash,
5,000.00.
10 - Paid miscellaneous expenses, 200.00.
10 - Paid creditors on account, 300.00.
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.
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