The following transactions relates to Edwards Co for the month of January 2013. You are required to record the journal entries for these transactions in the general journal, post them to the ledger accounts and then prepare the trial balance for the company. a. Edward Wilson invested $8,000 cash in his new landscaping business. b. The business paid the first month's rent with $300 cash. c. The business purchased equipment by paying $2,000 cash and executing a note payable for $3,000. d. The business purchased supplies for $200 cash. e. The business billed clients for a total of $1,000 for design services rendered. f. The business received $750 cash from clients for services rendered above. g. The owner took a withdrawal of $2,000.
The following transactions relates to Edwards Co for the month of January 2013. You are required to record the
a. Edward Wilson invested $8,000 cash in his new landscaping business. b. The business paid the first month's rent with $300 cash.
c. The business purchased equipment by paying $2,000 cash and
executing a note payable for $3,000.
d. The business purchased supplies for $200 cash.
e. The business billed clients for a total of $1,000 for design services rendered.
f. The business received $750 cash from clients for services rendered above.
g. The owner took a withdrawal of $2,000.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 8 images
