The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $82,890 in assets to launch the business. On December 31, the company’s records show the following items and amounts. Cash $ 15,140 Cash withdrawals by owner

Identify the 3 issues with this General Journal

Post the transactions to t- account ( post entries in the order of information presented in the question cash, account receivable, equipment, account payable, common stock, service revenue, sales and wages expenses)

Beginning Balance A. D. Total Ending Balance Deposits $7,500 350 7,850 Bank Statement. Checks 101 102 103 106 Bank service charges C. Initiated a petty cash fund $250 check #102. D. Received $350 cash for services rendered. Bank Statement balance $ 600 250 125 242 1,307 Lavender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. A. The owners invested $7,500 from their personal account to the business account. B. Paid rent $600 with check #101. $0 E. Purchased office supplies for $125 with check #103. F. Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days. G. Received $750 cash for services rendered. H. Paid wages $375, check #105. 1. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106. J. Increased Petty Cash by $70, check #107. Assume no bank errors. Lavender Company Bank Reconciliation…

Record each transaction in a journal entry. Explanations are not required.

Required information [The following information applies to the questions displayed below] Total The following transactions pertain to Smith Training Company for Year t Jan. 30 Established the business when it acquired $46,000 cash from the issue of common stock. 1 Paid rent for office space for two years, $33,000 cash. Feb. Ar. 10 Purchased $900 of supplies on account. July 1 Received $28.500 cash in advance for services to be provided over the next year. 20 Paid $675 of the accounts payable from April 10. 15 Billed a customer 59,eee for services provided during August. Aug. 15 Completed a job and received $3,500 cash for services rendered. Sept. Oct. 1 Paid employee salaries of $38,500 cash. 15 Received $8,400 cash from accounts receivable. 16 Billed customers $34,500 for services rendered Dec. on account. 1 Paid a dividend of $1,400 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,400 of accrued salaries as of…