please answer this please General LedgerAccount: CashAccount No.: 1000DateItemRefDebitCreditBalance Make a General Ledger for thefollowing selected transactionscompleted by the SPC Laundry Shopduring the month of January in thepresent year:1 - Initial equity, 10,000.003 - 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 onaccount, 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 that100.00 of supplies had been used during themonth.

T accounts are the general ledger accounts that are being prepared for the purpose of posting of…

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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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