Exercise 4Performs a table in MS Excel to post the following transactions to the general journalusing double-entry system rules.February2Heavy equipment was purchased for$35,000.3$150 in gasoline was paid for heavyequipment.4Excavation work was carried out for$2,000.Construction materials were purchased for$3,000.Advertising expenses were paid for $500.11A personal withdrawal was made in theamount of $700.12Employees were paid wages for $5,800.

The entries for given transactions in the general journal using double entry system rules are passed…

Performs a table in MS Excel to post the following transactions to the general journal using double-entry system rules. February 2 Heavy equipment was purchased for $35,000. 3 $150 in gasoline was paid for heavy equipment. Excavation work was carried out for $2,000. 6 Construction materials were purchased for $3,000. Advertising expenses were paid for $500.

Performs a table in MS Excel to post the following transactions to the general journal using double-entry system rules. February 2 Heavy equipment was purchased for $35,000. 3 $150 in gasoline was paid for heavy equipment. Excavation work was carried out for $2,000. 6 Construction materials were purchased for $3,000. Advertising expenses were paid for $500.

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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Question

Exercise 4
Performs a table in MS Excel to post the following transactions to the general journal
using double-entry system rules.
February
2
Heavy equipment was purchased for
$35,000.
3
$150 in gasoline was paid for heavy
equipment.
4
Excavation work was carried out for
$2,000.
Construction materials were purchased for
$3,000.
Advertising expenses were paid for $500.
11
A personal withdrawal was made in the
amount of $700.
12
Employees were paid wages for $5,800.

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