A. Record the above transaction to the Journal.B. Post the recording to the T accounts, using the following Account Titles:- Cash- Office Equipment- Notes Payable- Land- Delivery Vehicles- Accounts Payable- Buildings- Capital StockC. Prepare a trial balance at July 31 by using the form provided to you in the theory’s example (create the heading and the columns accordingly). A newly founded business performed in their first days of operations, the six transactionsthat you can find below. The business was founded on the 20th of July, by a youngentrepreneur, Mr White, who wanted to provide typing, copying, and printing services tothe university students in his home city:a) 20/07/2019: In exchange for his investment of $200,000 cash, the business issuedto Mr White 1,000 shares of capital stock.b) 21/07/2019: Purchased a small building and land for $450,000, paying $165,000cash and signing a note payable for the balance. The building $210,000 and the landwas considered to be worth $240,000.c) 22/07/2019: Purchased office equipment for $30,000 from Office Furniture Co.Paid $17,000 cash and agreed to pay the balance within 60 days.d) 26/7/2019: Purchased from Auto Ltd. a motorcycle on credit for $3,400 to be usedfor making deliveries to customers. Mr White agreed to make payment to Auto Ltd.within 10 days.e) 27/7/2019 Signed a note payable due in six months, for borrowing $30,000 from abank.f) 30/7/2019: Paid in full the account payable to Auto Ltd.

Name: A. Record the above transaction to the Journal.B. Post the recording t
Uploaded: 2024-03-04T10:43:15.000Z
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Description: A. Record the above transaction to the Journal.B. Post the recording to the T accounts, using the following Account Titles:- Cash- Office Equipment- Notes Payable- Land- Delivery Vehicles- Accounts Payable- Buildings- Capital StockC. Prepare a trial