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Record transactions in the general journal using the rules

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Reference no: EM132840756

Problem 1: Make a table in MS Excel to record the following transactions in the general journal using the rules of the double entry system.

February

  • 2 Heavy equipment was purchased for $ 35,000.
  • 3 $ 150 in gasoline was paid for heavy equipment.
  • 4 Excavation work was done for $ 2,000.
  • 6 Construction materials were purchased for $ 3,000.
  • 9 Advertising expense was paid for $ 500.
  • 11 A withdrawal was made for personal use in the amount of $ 700.
  • 12 Employees were paid wages of $ 5,800.

Reference no: EM132840756

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