Reference no: EM132892540
Question - Berman is the owner of Berman Recording Services. Record the following transactions on a general journal and general ledger.
May 1 Cash sales $400, Cash Sales Slip 90.
May 2 Purchased office supplies on credit from Willson's Ltd., $170.
May 3 A. Berman, the company owner, invested an additional $8000 in the business.
May 4 Borrowed $15 000 from the bank.
May 5 Paid $3000 to The Tribune for newspaper advertising, Cheque 39.
May 6 Sold goods on account to L. Aunger $800, Invoice 176, terms n/30.
May 9 Paid $90 cash to Willson's Ltd. on account, Cheque 40.
May 9 Paid $3200 for salaries, Cheque 41.
May 14 Purchased $4000 worth of equipment from Western Supply. Made a $500 down payment. The balance to be paid in 30 days, Cheque 42.
May 15 The owner, A. Berman, withdrew $500 cash for personal use, Cheque 43.
May 19 Made a $500 donation to the United Appeal (Donations Expense), Cheque 44.
May 20 Paid $320 cash for the month's water bill (Utilities Expense), Cheque 45.
May 25 The owner took a box of computer paper worth $45 from the business for personal use.
May 31 Paid $700 cash on the bank loan.