Maria has commenced a mobile dog washing business, Canine Capers. She has provided you with the following transactions for May 2022. You are required to record the general journal entries. May 2022 03        Maria contributed $25,000 of her own cash into the business together with a motor vehicle valued at $15,000. 05        The business purchased supplies on credit for $1,540 inclusive of GST. 10        The business provided services to local customers for $880 cash including GST. 18        The business invoiced a local pet shop for $1,815 inclusive of GST for services provided. 25        Maria withdrew $200 for insurance on her private residence.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Maria has commenced a mobile dog washing business, Canine Capers. She has provided you with the following transactions for May 2022.

You are required to record the general journal entries.

May 2022

03        Maria contributed $25,000 of her own cash into the business together with a motor vehicle valued at $15,000.

05        The business purchased supplies on credit for $1,540 inclusive of GST.

10        The business provided services to local customers for $880 cash including GST.

18        The business invoiced a local pet shop for $1,815 inclusive of GST for services provided.

25        Maria withdrew $200 for insurance on her private residence.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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