Essay
Journalize the following transactions for Stanley's Repair Shop and prepare a trial balance dated May 31, 2019.
a)Owner, Stanley Knowles invested $5,000 cash into the business.
b)Rented a garage and paid one month's rent, $1,400.
c)Purchased $50 of supplies for cash.
d)Performed repair services on account, $1,590.
e)Paid $1,500 cash for equipment.
f)Owner, Stanley Knowles withdrew $700 cash for personal use.
Correct Answer:

Verified
Correct Answer:
Verified
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