Solved

A Company Had the Following Transactions Journalise These Transactions

Question 22

Essay

A company had the following transactions:
 October 1 Georgeanne started a new business investing $30000 into the business bank account  October 3 Purchased equipment for $10 000 on credit from Astor Equipment  October 5 Sales of $1000 on account to Joe Rice, cost of sales is $450 October 15 Pays Astor Equipment $5000 October 20 Received $750 from Joe Rice  October 30 Georgeanne takes $1200 from the business for her personal use \begin{array}{ll}\text { October } 1 & \text { Georgeanne started a new business investing } \$ 30000 \text { into the business bank account } \\\text { October } 3 & \text { Purchased equipment for } \$ 10 \text { 000 on credit from Astor Equipment } \\\text { October } 5 & \text { Sales of } \$ 1000 \text { on account to Joe Rice, cost of sales is } \$ 450 \\\text { October } 15 & \text { Pays Astor Equipment } \$ 5000 \\\text { October } 20 & \text { Received } \$ 750 \text { from Joe Rice } \\\text { October } 30 & \text { Georgeanne takes } \$ 1200 \text { from the business for her personal use }\end{array} Journalise these transactions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions