can someone help me to journalize the opening entry ?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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can someone help me to journalize the opening entry ?
September Transactions. This is NOT multiple choice - it is just the formatting to
give you the transactions.
1 Memorandum
From the owner stating that the bank had acted on his instructions to reduce the bank
loan by $3 000
O 2 Cheque Copy
No. 631 to Phone Co. $205 plus tax.
5 Sales Invoice
To Beats Dance Team for salon services, $652 plus tax.
6 Cheque Copy
O No. 632 to Cleaning Co., $363 on account.
17 Cash Sales Slip
O Sameha, a customer, gets a haircut $150 plus tax.
O 25 Cheque Copy
No. 633 to Total Supply Inc., $140 on account
30 Cash Recei
From Russell Martin, $478 on account.
Clear selection
O O
O O O O
O O O O O
Transcribed Image Text:September Transactions. This is NOT multiple choice - it is just the formatting to give you the transactions. 1 Memorandum From the owner stating that the bank had acted on his instructions to reduce the bank loan by $3 000 O 2 Cheque Copy No. 631 to Phone Co. $205 plus tax. 5 Sales Invoice To Beats Dance Team for salon services, $652 plus tax. 6 Cheque Copy O No. 632 to Cleaning Co., $363 on account. 17 Cash Sales Slip O Sameha, a customer, gets a haircut $150 plus tax. O 25 Cheque Copy No. 633 to Total Supply Inc., $140 on account 30 Cash Recei From Russell Martin, $478 on account. Clear selection O O O O O O O O O O O
Business owner, A. Puri began a business called Radiant Beauty. His beginning
financial position is shown on the following balance sheet:
Radiant Beauty
Balance Sheet
August 31, 2016
Liabilities
Assets
$20,000
$2,000
1,450
28,957
Bank Loan
Bank
Supplies
Equipment
Owner's Equity
12,407
A. Puri, Capital
Total Liabilities and Owner's
Equity
$32,407
Total Assets
$32,407
Transcribed Image Text:Business owner, A. Puri began a business called Radiant Beauty. His beginning financial position is shown on the following balance sheet: Radiant Beauty Balance Sheet August 31, 2016 Liabilities Assets $20,000 $2,000 1,450 28,957 Bank Loan Bank Supplies Equipment Owner's Equity 12,407 A. Puri, Capital Total Liabilities and Owner's Equity $32,407 Total Assets $32,407
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