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- Purchased supplies on account, 500.00. - Paid rent for September 3,000.00. - 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.

- Purchased supplies on account, 500.00. - Paid rent for September 3,000.00. - 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.

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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Make a General Ledger for the following selected transactions completed by the SPC Laundry Shop during the month of January in the present year: - Purchased supplies on account, 500.00. - Paid rent for September 3,000.00. 3 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.
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: - Purchased supplies on account, 500.00. - Paid rent for September 3,000.00. 3 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.
General Ledger Account: Cash Account No.: 1000 Date Item Ref Debit Credit Balance
Transcribed Image Text:General Ledger Account: Cash Account No.: 1000 Date Item Ref Debit Credit Balance
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