Homework Help is Here – Start Your Trial Now!
Business
Accounting
PARTICULARS FOLIO 123 678 DEBIT 250,000 CREDIT DATE Dec 1, 200 Cash Roa, Capital Initial investment of owner 250000 67000 Supplics Accounts Payable Purchase supplies on account 345 567 67000 4Video Tapes Accounts Payable Purchase videotapes on account 456 567 235,000 235000 SAccounts payable Cash Paid cash to creditors 567 123 85,000 85,000 8TCash 123 78,000 Video Rental Income Collection from ACA Video for rentals 78,000 11 Acounts Receivable Video Rental Income Billed Video City 234 105,000 105,000 16 Salaries ExpenGe 65.000 Cash Paid salaries to employees 65,000 17 Cash 123 234 Partial payment from Video city 11,000 Accounts Receivable 17,000 Ros, withdrawal 47,000 Cash Owner borrowed cash from the business 123 47,000 24 Reat Expense Cash Paid rent for the month 41500 41500 30 Utilities Exp«nse 17,500 Cash Paid utilities for the month 17.500

PARTICULARS FOLIO 123 678 DEBIT 250,000 CREDIT DATE Dec 1, 200 Cash Roa, Capital Initial investment of owner 250000 67000 Supplics Accounts Payable Purchase supplies on account 345 567 67000 4Video Tapes Accounts Payable Purchase videotapes on account 456 567 235,000 235000 SAccounts payable Cash Paid cash to creditors 567 123 85,000 85,000 8TCash 123 78,000 Video Rental Income Collection from ACA Video for rentals 78,000 11 Acounts Receivable Video Rental Income Billed Video City 234 105,000 105,000 16 Salaries ExpenGe 65.000 Cash Paid salaries to employees 65,000 17 Cash 123 234 Partial payment from Video city 11,000 Accounts Receivable 17,000 Ros, withdrawal 47,000 Cash Owner borrowed cash from the business 123 47,000 24 Reat Expense Cash Paid rent for the month 41500 41500 30 Utilities Exp«nse 17,500 Cash Paid utilities for the month 17.500

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 3.5C
See similar textbooks
icon
Related questions
Question

Give its General Ledger

DATE PARTICULARS FOLIO DEBIT CREDIT 5 Dec 1, 200 Cash 123 250,000 Roa, Copital Initial investment of owner 7 678] 250000 Supplies Accounts Payable Purchase supplies on account 10 345 67000| 11 567 67000 12 13 4 Video Tapes Accounte Payable 456 567 Purchase videotapes on account 235,000 14 15 235000 16 17 5Accounts payable 85,000 18 567 Cash 123 85,000 19 20 Paid cash to creditors 21 8 Cach 123 78,000 22 23 Video Rental Income 78,000 24 Collection from ACA Video for rentals 25 11 Acounts Receivable Video Rental Income Billed Video City 234 105,000 26 105,000 27 28 29 16 Salories Expense 65,000 30 31 Cash 123 65,000 Paid salories to employees 32 33 17 Cash 123 77,000 34 Accounts Receivable Partial payment from Video city 234 77,000 35 36 37 23 Roa, withdrawal 47,000 38 39 Cash 123 47,000 40 Owner borrowed cash from the business 41 24 Rent Expense Cash 41,500| 42 43 41,500 44 Paid rent for the month 45 30 Utilities Expense Cash 17,500 46 47 17,500 48 Paid utilities for the month 49
Transcribed Image Text:DATE PARTICULARS FOLIO DEBIT CREDIT 5 Dec 1, 200 Cash 123 250,000 Roa, Copital Initial investment of owner 7 678] 250000 Supplies Accounts Payable Purchase supplies on account 10 345 67000| 11 567 67000 12 13 4 Video Tapes Accounte Payable 456 567 Purchase videotapes on account 235,000 14 15 235000 16 17 5Accounts payable 85,000 18 567 Cash 123 85,000 19 20 Paid cash to creditors 21 8 Cach 123 78,000 22 23 Video Rental Income 78,000 24 Collection from ACA Video for rentals 25 11 Acounts Receivable Video Rental Income Billed Video City 234 105,000 26 105,000 27 28 29 16 Salories Expense 65,000 30 31 Cash 123 65,000 Paid salories to employees 32 33 17 Cash 123 77,000 34 Accounts Receivable Partial payment from Video city 234 77,000 35 36 37 23 Roa, withdrawal 47,000 38 39 Cash 123 47,000 40 Owner borrowed cash from the business 41 24 Rent Expense Cash 41,500| 42 43 41,500 44 Paid rent for the month 45 30 Utilities Expense Cash 17,500 46 47 17,500 48 Paid utilities for the month 49
Expert Solution
steps

Step by step

Solved in 2 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage
SEE MORE TEXTBOOKS