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5 May, 06:52

George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations, the firm had the following transactions. Apr. 1 George Smyth invested $30,000 cash in the business. 2 Paid rent for April, $2,100. 8 Bought equipment for $12,000 and issued a check for $3,000 as a down payment. 12 Performed services for $3,200 in cash, and $1,200 on credit. 19 Paid electric bill, $225. 25 Received $900 on account from credit customers. Required: Record each transactions on page 1 of the general journal. Omit explanations. If an amount box does not req

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  1. 5 May, 10:19
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    Record each transactions on page 1 of the general journal

    Explanation:

    Cash 30000

    Equity 30000

    George Smyth invested $30,000 cash in the business

    Rent expenses 2100

    Cash 2100

    Paid rent for April

    Equipment 12000

    Cash 3000

    Account payable 9000

    Bougth equipment

    Cash 1200

    Account receivable2000

    Revenue 3200

    Performed services

    Utilities 225

    Cash 225

    Paid electric bill

    Cash 900

    Account receivable 900

    Received on account from credit customers
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