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    montreuilm's Avatar
    montreuilm Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Nov 14, 2012, 07:15 PM
    Journalize and posting transaction
    How do I journalize these transactions
    Jul
    1 invested 14000 cash in the business
    2 purchased a used truck for 26400.00 paying 6400 cash and signing a note payable for the balance
    3 collected 3000 for their cleaning needs for jul August and September
    4 purchased cleaning supplies on account for 850.00
    5 paid 1800 on a one year insurance policy effective jul
    6 billed customers 3800 for cleaning services
    7 paid 400 of amount owed on cleaning supplies
    8 paid 1600 for employees salaries
    9 collected 1400 from customers billed on 12 jul
    10 billed customers for 3000 for cleaning services
    11 paid gas and oil for the month on the truck 350
    12 withdrew 1600 to pay for personal property taxes.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Nov 15, 2012, 02:09 AM
    These are simple transactions involving cash transactions expenses are debits income are credits with an offsetting entry to cash
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