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Record and Post the transactions

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Problem - This business uses the Track Additional Transaction Details

Record and Post the following transactions in the General Journal for the month of January using the double-entry method.

Jan 2 Purchased $80.00 worth of office supplies from Kanwal Supplies and issued cheque #652. Note that these supplies are assumed to be used up by the end of the month.

Jan 2 Issued $80.00 invoice #324 to YOUR name (your name in the comment line) for 2 hours of driving lessons before your driving test. Cheque #113 received.

Jan 3 Issued $600.00 cheque #653 to Uptown Mall for rent of a store in the mall.

Jan 5 Issued $50.00 invoice #325 and received cheque #748 from Vito Campize for one-hour driving lesson ($40.00) and rule book test ($10.00) for his daughter.

Jan 6 Issued $320.00 cheque #654 to Capilano Advertising for advertisements being delivered to homes in the area today.

Jan 8 A new client, Naomi Regalea, took a 3-hour driving lesson. Received her $120.00 cheque #522 for invoice #326.

Jan 9 Issued $120.00 cheque #655 to Morton Medina (driving teacher) for wages.

Jan 11 Purchased 2 driving lesson DVDs at $75.00 each for use in the Beginners Driving Lesson course approved by the government. They will be used in the course starting tomorrow. Cheque #656 issued to Major Film Labs.

Jan 12 Record the $308.00 Bank Debit memo for a payment on the bank loan. This amount includes interest of $32.40.

Jan 12 Beginners Driving Lessons course started today. Received $250.00 cash from customers and deposited $250.00 in the bank today.

Reference no: EM132651459

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