Journalize transactions and general ledger

Reference no: EM13912791

DATE		BUSINESS TRANSACTIONS

	January 2	Purchased supplies for $3,000 cash; issued Check No. 1015.
	2	Purchased & paid for a one-yearinsurance policy for $4,800; issued Check No. 1016.
	7	Sold & provided services during the first week of January. $15,000 in cash sales and
		$1,800 in credit sales.
	12	Collected a total of $1,500 in cash from credit customers during the first week
		of January.
	12	Issued Check No. 1017 for $2,150 to pay for special promotional advertising to
		new businesses on the local radio station during the month.
	13	Collected a total of $2,250 in cash from credit customers during the second week
		of January.
	14	Returned supplies that were damaged for a cash refund of $275.
	15	Sold & provided services during the second week of January. $18,250 in cash sales and
		$2,375 in credit sales.
	20	Purchased supplies for $1,800 from White's, Inc.; received Invoice No. 2384 payable
		in 30 days.
	20	Sold & provided services during the third week of January. $9,050 in cash sales and
		$5,850 in credit sales.
	20	Collected a total of $1,750 in cash from credit customers during the third week
		of January.
	21	Issued Check No. 1018 for $4,250 to pay for maintenance work on the office
		equipment.
	22	Issued Check No. 1019 for $2,750 to pay for special promotional advertising to
		new businesses on the local newspaper.
	23	Received the monthly telephone bill for $410 and paid it with Check No. 1020.
	26	Collected a total of $4,570 in cash from credit customers during the fourth week
		of January.
	27	Issued Check No. 1021 for $2,000 to a vendor, as payment on account for Invoice
		No. 2223.
	28	Sent Check No. 1022 for $1,050 in payment of the monthly bill for utilities.
	29	Sold & provided services during the fourth week of January. $14,050 in cash sales and
		$2,250 in credit sales.
	31	Issued Check No.'s 1023 - 1027 for $15,500 to pay the monthly salaries of the
		regular employees and three part-time workers.
	31	Issued Check No. 1028 for $6,000 for personal use.
	31	Issued Check No. 1029 for $1,050 to pay for maintenance services for the month.
	31	Purchased new equipment for $10,500 from Contemporary Equipment Company;
		issued Check No. 1030 for $5,500and put the rest on account/credit. The equipment
		has a 5 year useful life & no salvage value but depreciation won't begin until February.
	31	Sold & provided services on January 31^st. $2,850 in cash sales and $1,450 in credit sales.

1. Journalize these transactions and post in general ledger

Reference no: EM13912791

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