Bayoud has started a computer servicing center on May 1, 2021. Following are some events and transactions that occurred in the month of May: May 1 Bayoud invested $7,000 cash in the business. 3 Purchased $600 of supplies on account. 5 Paid $125 to advertise in the County News. 9 Received $4,000 cash for services performed. 15 Received $5,400 for services to be performed in July. 17 Paid $2,500 for employee salaries. 20 Paid the one year’s rent in advance $1200. 29 Purchased equipment for $4,200 on account. Instructions: Prepare the ledger for Cash account.
Bayoud has started a computer servicing center on May 1, 2021. Following are some events and transactions that occurred in the month of May: May 1 Bayoud invested $7,000 cash in the business. 3 Purchased $600 of supplies on account. 5 Paid $125 to advertise in the County News. 9 Received $4,000 cash for services performed. 15 Received $5,400 for services to be performed in July. 17 Paid $2,500 for employee salaries. 20 Paid the one year’s rent in advance $1200. 29 Purchased equipment for $4,200 on account. Instructions: Prepare the ledger for Cash account.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 1AP
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Bayoud has started a computer servicing center on May 1, 2021. Following are some events and
transactions that occurred in the month of May:
May 1 Bayoud invested $7,000 cash in the business.
3 Purchased $600 of supplies on account.
5 Paid $125 to advertise in the County News.
9 Received $4,000 cash for services performed.
15 Received $5,400 for services to be performed in July.
17 Paid $2,500 for employee salaries.
20 Paid the one year’s rent in advance $1200.
29 Purchased equipment for $4,200 on account.
Instructions:
Prepare the ledger for Cash account.
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