[appleblove]

Hello,
My name is Jennifer MArtinez and right now I am studying on journalizing transactions, but I really don't know if I am doing them right. I am going to send over a list of transactions and if you could journalize them for me, it would be a great help! I will use the answers to study for a test. Please help me to journalize, please? Thank you for your time.

The Transactions:
8/1 Jake took 1000 of his money to a local bank. He started his buisnes by depositing 700 into a checking acoount and 300 in a savings account. He also applied for a VISA card at the same time.

8/2 Jake borrowed 6000 from his father by signing a 6% note payable. The note was to be paid a year from today. Tom deposited the money into his business savings account.

8/4 Jake transferred 4000 from his savings to his checking account.

8/5 Jake purchased a pickup truck for 2800.

8/5 Jake paid 50 to obtain a cell phone, The phone was free, and the 50 would cover the first months service.

8/5 Jake purchased a 300 gallon asphalt slurry tank. By the time he installed it, including the hose, the total cost came to 550.

8/6 Jake paid a total of 650 for liability insurance and bonding.

8/7 Jake charged ( with his visa card) 100 for 2000 flyers.

8/7 Jake paid 80 for office supplies( business cards and invoices)

8/8 Jake charged 60 worth of gas and oil at Betties store( allowed Jake to carry an open account)

8/8 Jake received a memo from the bank , charging his checking account 15 for his first order of checks. This was considered an office expense.

8/9 Jake charged ( visa) 120 for squeegees and brooms at a store. He considers these expenses because will last for only a few applications, and must be thrown away soon.

8/9 A friend of Jakes, paid 600 to have two driveways into his business resealed. HIs friend told Jake that there was no rush, and he could perform the work later.

8/10 Jake paid 35 for an advertisement in the newspaper.

8/11 Jake charged another 50 for gas and oil at betties store.

8/11 Tom paid 600 to have his tank filled with asphalt slurry.

8/12 Jake sealed his first driveway, for his friend and collected 450.

8/12 Jake withdrew 50 from his checking account and planned on going out for the evening.

8/13 Jake sealed a driveway for another friend. The total bill was for 650, but his friend paid only 200, and the balance was to be paid later.

8/13 Jake performed a 400$ asphalt sealing job for another customer. Since she was not home, he left her an invoice.

8/14 Jake charged 42 ( visa) at a local store to have his oil changed in the truck( maintenece)

8/15 Another customer paid 560 for driveway sealing, the work was done that same day.

8/17 Jake paid betties store 50 on his account.

8/17 Jake transferred 1000 from his checking account to his savings account.

8/18 Another customer paid 620 to have his driveway sealed that day.

8/20 Jake paid 380 to have his slurry tank refilled.

8/22 Jake chrged another 63 for fuek abd iol at betties store.

8/23 Jake used his visa to buy another 67$ worth of sqeegees and brooms at a store.

8/24 Jake paid another 35 for advertising in the weeks newspaper.

8/26 Jake received a check for 400 from hs customer for the work done on 8/13.

8/27 Jake resealed another customers driveway. He left him an invoive for 480.

8/27 Jake was short of personal cash, so he cashed a business check for 8 to pay for his lunch.

8/28 Jake paid 65 to have the spark plugs replaced in his truck.(maintenence)

8/29 Jake received a check for 100 from jis other customer, a partial payment for the work done on 8/13.

8/30 Jake charged another 38 worth of fuel from betties store.



Please it would really help if you could journalize these for me asap. I really will love you for it. I need to study them. I have done thousands, but I just want to be sure I am doing this right.

Thank you for your very supportive hel

[Fr_Chuck]

Actually no, since this could be homework, and if it is just study you need to be doing it.

You can do it, and post your answer and then people here can look at your work and tell you their opinons of YOUR work