FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Susie Smith opened Susie's Commerical Clearning on April 1, 2021.  In Apr, the following transactions were completed. 

 

Apr 1. Invested $14,000 cash in the business

1. Purchased a used truck for $26,400, paying $6,400 cash and signing a note payable for the balance

1. Collected $3,000 from XYZ for their cleaning needs for Apr, May and June.

3. Purchased cleaning supplies on account for $850

5. Paid $1,800 on a one-year insurance policy, effective Apr 1

12. Billed customers $3,800 for cleaning services

18. Paid $400 of amount owed on cleaning supplies

20. Paid $1,600 for employee's salaries

21. Collected $1,400 from customers billed on Apr 12

25. Billed customers for $3,000 for cleaning services

30. Paid gas and oil for the month on the truck $350

30 Withdrew $1,600 to pay personal property taxes

 

Additional Information:

Annual payments of $3,000 are required on the note.

prepare a general ledger 

 
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