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Posting Journal Entries to General Ledger Account
$ 10.00

Posting Journal Entries to General Ledger Account

Complete the following assignment and submit it to the Posting Journal Entries to General Ledger Accounts Dropbox.   This assignment is worth 12 points.

Journalize and post business transactions for the following account:

January – 2005

Jan 1

Rex invested $5,000 in the business, Memorandum 10.

Jan 3

Rex transferred furniture valued at $2,000 to the business, Memorandum 11. 

Jan 10

Issued check No. 501 for $400 for grooming supplies.

Jan 15

Bought grooming equipment on account for $2,000 from Pets Inc.; Invoice 201. 

Jan 17

 Paid Pets, Inc. $500; check No. 105. 

Jan 20

 Rex withdrew $1,000 cash from business; check No. 59.

Jan 29

Salary paid to employee: $300 via check No. 60. 

Jan 30

Deposited $2,000 received from client for rendering service; Receipt Nos. 124-130.

 
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