Reference no: EM132229584
Question - Please help me with making a General Journal, General Ledger, and Trial Balance of the following Transactions for Bob's Auto Repair. (Please include account explanations in the General Journal and General Ledger)
On January 2nd, 2019 Bob invested $100,000 of Cash, $5,000 of Office Equipment, and $60,000 of Drafting Equipment in exchange for Common Stock in her new company, Bob's Auto Repair.
On January 5th, 2019 The company paid $3,000 in advance for 12 months of Business Insurance coverage.
On January 10th, 2019 The company delivered a set of plans to a client and billed them on account for $14,000. Payment is due in 30 days.
On January 15th 2019 The company purchased $500 of Office Supplies on account.
On January 15th 2019 The company paid $2000 Cash for Salary to a CAD engineer.
On January 20th 2019 The client billed on January 10 sent in payment in full on their account balance.
On January 25th 2019 Bob's Auto Repair received a down payment for a client baker of $1,000 for a project that will begin February 2019.
On January 31st, 2019 Bob's Auto Repair recorded the expiration of one month's Business Insurance for January.
The check figure is $180,500.
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