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AutoSave Oft TEST 1(1) - Protected View File Home Insert Draw Page Layout Formulas Data Review View PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to ed N28 VX & fx A 8 G H D E ACCT20 5103/150 TEST #1 2 3 4 5 6 7 Technologic Company provides computer repairs and services plus other technology services Mr. No started the business July 1, 2019 and has monthly financial statements prepared Record the following transactions in the General Journal provided in General Journal Sheet. S 10 11 12 13 14 15 16 17 18 19 2-ful Mr. No deposited $15,000 of his personal money into the business bank account to help start the business 5-Jul Business purchased a vehicle to make service calls with, paid cash $5,000 and signed a loan note with the car dealership for the balance of $45,000 7-Jul Mr. No made a service call to repair computers at a school and was paid cash of 5955 when he left 8-Jul Mr. No was in discussion with a business beside his company to provide support for their computers 9-Jul A service tech for the business installed a computer system for a dient, job was worth $5,000 and the dient was given terms to pay in 30 days. 13-Jul A business insurance policy was purchased to insure the business for 3 years effective July 1st. This policy cost $12,000 SARNASSAR 22 23 24 25 25 27 29 30 31 32 35 34 35 36 37 35 15-Ju Purchased repair supplies for the business costing 5800, on credit terms on 2/20 net 4s 16-Jul Purchased office supplies to be used immediately for cash in the amount of $300 25-Jul Hydro bill for the month of July was received and processed for payment in August, $250 total. Month End Adjustments Noticed by Mr. No that needed to be made were: you make the adjustments) Depreciation on the vehicle, straight line 3 years usefull life with $5000 salvage value Telephone bill has not been received, estimated to be $500 Insurance policy had not been expensed for the month Question #1 Question 1 Answer Sheet Question #2 Answer Sheet

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