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Principle of Accounting Test 2 - Protected View • Saved Design Layout References Mailings Review View Help Search es from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Principle of Accounting Test 2 1. Journalize the following transactions that occurred for Jane Long's Restaurant in the month of May. Prepare Ledger in the balance format for Assets and revenue accounts May 1 Purchased inventory stock for $350 on credit. 2 Restaurant makes sales of $2,000, $1,200 for cash and $800 on account. 3 Paid staff wages $750. 3 Purchased furniture costing $3,160 on credit 4 Received $660 in connection with customers billed in (2) above. 15 Jane Long withdrew $2,400 from the business. 28 Paid $330 for miscellaneous expenses (telephone, electricity, etc.). 30 Paid $ 5,000 for purchase of computers for office 30 received rent from a rental property $4,200 30 Sale of $2,800, $1,500 for cash and $1,300 on account. I Q Search hp & 7 * 8 144 10+15= 25 marks R T Y G T J K L B N M P CICE DFOCUS ENG IN

Principle of Accounting Test 2 - Protected View • Saved Design Layout References Mailings Review View Help Search es from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Principle of Accounting Test 2 1. Journalize the following transactions that occurred for Jane Long's Restaurant in the month of May. Prepare Ledger in the balance format for Assets and revenue accounts May 1 Purchased inventory stock for $350 on credit. 2 Restaurant makes sales of $2,000, $1,200 for cash and $800 on account. 3 Paid staff wages $750. 3 Purchased furniture costing $3,160 on credit 4 Received $660 in connection with customers billed in (2) above. 15 Jane Long withdrew $2,400 from the business. 28 Paid $330 for miscellaneous expenses (telephone, electricity, etc.). 30 Paid $ 5,000 for purchase of computers for office 30 received rent from a rental property $4,200 30 Sale of $2,800, $1,500 for cash and $1,300 on account. I Q Search hp & 7 * 8 144 10+15= 25 marks R T Y G T J K L B N M P CICE DFOCUS ENG IN

FINANCIAL ACCOUNTING
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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Principle of Accounting Test 2 - Protected View • Saved Design Layout References Mailings Review View Help Search es from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Principle of Accounting Test 2 1. Journalize the following transactions that occurred for Jane Long's Restaurant in the month of May. Prepare Ledger in the balance format for Assets and revenue accounts May 1 Purchased inventory stock for $350 on credit. 2 Restaurant makes sales of $2,000, $1,200 for cash and $800 on account. 3 Paid staff wages $750. 3 Purchased furniture costing $3,160 on credit 4 Received $660 in connection with customers billed in (2) above. 15 Jane Long withdrew $2,400 from the business. 28 Paid $330 for miscellaneous expenses (telephone, electricity, etc.). 30 Paid $ 5,000 for purchase of computers for office 30 received rent from a rental property $4,200 30 Sale of $2,800, $1,500 for cash and $1,300 on account. I Q Search hp & 7 * 8 144 10+15= 25 marks R T Y G T J K L B N M P CICE DFOCUS ENG IN
Transcribed Image Text:Principle of Accounting Test 2 - Protected View • Saved Design Layout References Mailings Review View Help Search es from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Principle of Accounting Test 2 1. Journalize the following transactions that occurred for Jane Long's Restaurant in the month of May. Prepare Ledger in the balance format for Assets and revenue accounts May 1 Purchased inventory stock for $350 on credit. 2 Restaurant makes sales of $2,000, $1,200 for cash and $800 on account. 3 Paid staff wages $750. 3 Purchased furniture costing $3,160 on credit 4 Received $660 in connection with customers billed in (2) above. 15 Jane Long withdrew $2,400 from the business. 28 Paid $330 for miscellaneous expenses (telephone, electricity, etc.). 30 Paid $ 5,000 for purchase of computers for office 30 received rent from a rental property $4,200 30 Sale of $2,800, $1,500 for cash and $1,300 on account. I Q Search hp & 7 * 8 144 10+15= 25 marks R T Y G T J K L B N M P CICE DFOCUS ENG IN
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