Accounting 201 Assignment 5, Due Tuesday January 22 at 11:59 p.m. Purpose: Know howw to...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Accounting 201 Assignment 5, Due Tuesday January 22 at 11:59 p.m. Purpose: Know howw to make journal entries Requirement: Make journal entries for the transactions from 1/1 to 1/18, on Account Title column I have set up a drop down box; the box contains all possible accounts for this business Click on cells (boxes) under Account title to get a drop down box icon; click on the icon and choose the correct account title PLEASE USE THE DROP BOX TO CHOOSE YOUR ACCOUNT TITLE AND THEN MAKE A DOUBLE ENTRY FOR EACH TRANSACTIONN George's Bicycle Repair Shop Date Account Title Debit Credit 1/1 George put in $500 of his savings into this business 1-Jan 1/3 Georee bought some tools from Tools R Us on account 3-Jan for $125 1/5 Geroge recelve $200 cash for repairing bicycles 5-Jan 1/6 George repair 10 bicycles for a bicycle club and set up 6-Jan an account for this customer; billed them $500 for the repair 1/10 George's shop borrowed $5000 from the bank 10-Jan 1/15 George paid $125 that he owed to Tools R Us on 1/3 15-Jan 1/17 George purchased some more tools from Tools R Us on account 17-an for $200 1/18 George received $250 from the Bicycle Club on the bill he 18-Jan sent out on 1/6
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
