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    Devonne1's Avatar
    Devonne1 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 21, 2016, 10:34 AM
    Accounting
    Can someone please help me with the general journal using the information below?

    Began business by depositing $10500 in a bank account in the name of the company in exchange for 1050 shares of $10 per share common stock.

    Paid the rent for the current month, $950
    Paid the premium on a one-year insurance policy, $600
    Purchased Equipment for $3600 cash.
    Purchased office supplies from XYZ Company on account, $300
    Provided services to customers for $7200 cash
    Provided service to customers ABC Inc. on account, $5200
    Received $2400 cash from ABC Inc., customer on account
    Paid $170 to XYZ company for supplies purchased on account on December 5
    Paid wages for the period December 1 through December 28, $4480
    Declared and paid dividend to stockholders $200

    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
     
    #2

    Feb 21, 2016, 11:55 AM
    Show us what you have done, then we will try and help. We don't do your homework for you. Show the ledger and what are credits and debits.

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