Reference no: EM13907060
Please Prepare Journal Entries for these transactions:
1. George Commenced business by opening a bank account for the business and depositing $6000 fo his own money. He also contributed a computer valued at $3000
2. George bought his wife a gift for their wedding anniversary cost $335 and paid for it using the business bank account.
3. On April 6, Purchased $3000 worth of sewing machines for the business paying $800 fro the business cash account and the balance with short-term loan
4. George took his wife to dinner and paid $150 using his personal credit card
5. On April 10,Purcahsed fabric supplies for 850 on credit
6. On April 15, Recorded 600 worth of cash sales and 1200 worth of sales on credit
7. On April 17,Received 375 from customers from the transactions recorder on April 15
8. Paid 700 off the loan from the business bank account for the purchase of the sewing machines on April 6
9. George paid half of the amount owing for the supplies purchased April 10
10. George received his mobile phone bill for the month of 190, which he paid immediately by writing a cheque from the business bank account. George estimated that 60% of the calls were private and that 40% were related to his business
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: George Commenced business by opening a bank account for the business and depositing $6000 fo his own money. He also contributed a computer valued at $3000. George bought his wife a gift for their wedding anniversary cost $335 and paid for it using th..
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