Answer:
Bearcat Construction
General Journal
March 1
Cash $17,500 (debit)
Common Stock $17,500 (credit)
<em>Cash Received in Exchange of Common Stock</em>
<em />
March 5
Cash $8,300 (debit)
Note Payable $8,300 (credit)
<em>Cash received from Bank Loan</em>
<em />
March 10
Equipment (debit)
Cash (credit)
<em>Purchase of Equipment by Cash</em>
March 15
Advertising Expenses (debit)
Cash (credit)
<em>Advertising Expense paid in Cash</em>
<em />
March 22
Accounts Receivable $17,300 (debit)
Service Revenue $17,300 (credit)
<em>Service Rendered on Credit</em>
March 27
Cash $17,300 (debit)
Accounts Receivable $17,300 (credit)
<em>Cash Received from Accounts Receivables</em>
<em />
March 28
Salaries Expense $5,300 (debit)
Cash $5,300 (credit)
<em>Salaries paid in Cash</em>
Explanation:
See the Journal Entries and Narrations that i have prepared above.
