Solution-Present a trial balance and valid ledger accounts

Present a trial balance and valid ledger accounts

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Reference no: EM133042995

Question - Present a trial balance and valid ledger accounts for the given transactions of John's PLC.

i. John invested $8,000 cash in his new business.

ii. The business paid rent with $300 cash.

iii. Purchased equipment by paying $2,000 cash and executing a note payable for $3,000.

iv. Purchased supplies for $200 cash.

v. The business billed clients for a total of $1,000 for design services rendered.

vi. The business received $750 cash from clients for services rendered above.

vii. The owner's withdrawal of $2,000.

Reference no: EM133042995

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Present a trial balance and valid ledger accounts

Reference no: EM133042995

Reference no: EM133042995

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