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Make General Ledger and Trial Balance

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Question - The McMillan Corporation started business on September 2, 2019. The company engaged in the following transactions during its first month of operations: Sept. 2: Started business for $900,000 cash by owner's investment. Sept. 4: Purchased land and a building for $350,000. The value of the land was $50,000, and the value of the building was $300,000. The company paid $200,000 cash and issued a note payable for the balance. Sept. 12: Purchased office supplies for $600 on account. The supplies will last for several months. Sept. 19: Billed clients $75,000 on account. (To be received in Two Weeks) Sept. 29: Paid salary expense of $24,000. Sept. 30: Received $30,000 from clients billed on September 19.

Required -

Prepare General Journal in Standard Form.

Make General Ledger and Trial Balance.

Reference no: EM132562892

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