Signed a Rental Agreement and made a 6-month payment at the rate of $1,500 per month. Hired five personal trainers with a $750 weekly salary. The salary is payable biweekly with the first payday being June 16th. Purchased $4,000 of additional equipment and $1,200 of supplies on account. Hired a cleaning company to clean the gym daily. The charge is $10,000 per month. It is to be paid at the end of each month's services. Sponsored a 1-day health assessment client. The Seminar was well attended. Darryl's gym earned $35,000. Collected $25,000 and billed the customers for the remainder. Purchased additional supplies for $500. Hired a Receptionist. Promised to pay a Bi-weekly salary of $600. The receptionist is to start at the beginning of next month. Recieved $60,000 for services provided. Paid Employees salaries, $7,500.
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The Following transactions need to be recorded in the general journal.
Signed a Rental Agreement and made a 6-month payment at the rate of $1,500 per month.
Hired five personal trainers with a $750 weekly salary. The salary is payable biweekly with the first payday being June 16th.
Purchased $4,000 of additional equipment and $1,200 of supplies on account.
Hired a cleaning company to clean the gym daily. The charge is $10,000 per month. It is to be paid at the end of each month's services.
Sponsored a 1-day health assessment client. The Seminar was well attended. Darryl's gym earned $35,000. Collected $25,000 and billed the customers for the remainder.
Purchased additional supplies for $500.
Hired a Receptionist. Promised to pay a Bi-weekly salary of $600. The receptionist is to start at the beginning of next month.
Recieved $60,000 for services provided.
Paid Employees salaries, $7,500.
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