Answer:
General Ledger
Jul 2
Cash $68,000 (debit)
Common Stock $68,000 (credit)
<em>Cash received in exchange for common stock</em>
Jul 3
Supplies $700 (debit)
Equipment $11,800 (debit)
Accounts Payable $12,500 (credit)
<em>Supplies and Equipment purchased on credit</em>
Jul 4
Cash $5,400 (debit)
Service Revenue $5,400 (credit)
<em>Cash received for service rendered</em>
Jul 7
Land $33,000 (debit)
Cash $33,000 (credit)
<em>Cash paid for acquisition of Land</em>
Jul 11
Accounts Receivable $4.100 (debit)
Service Revenue $4.100 (credit)
<em>Service rendered on credit</em>
Jul 16
Accounts Payable $11,800 (debit)
Cash $11,800 (credit)
<em>Settlement of Account Receivable</em>
Jul 17
Advertising Expense $570 (debit)
Cash $570 (credit)
<em>Cash paid for Advertising</em>
Jul 18
Cash $2,000 (debit)
Account Receivable $2,000 (credit)
<em>Cash received from Account Receivable</em>
Jul 22
Water and Electricity Expenses $400 (debit)
Cash $400 (credit)
<em>Cash paid for utilities</em>
Jul 29
Cash $2.700 (debit)
Service Revenue $2.700 (credit)
<em>Cash received for Services Rendered</em>
Jul 31
Salaries Expenses $2,300 (debit)
Cash $2,300 (credit)
<em>Cash paid for Salaries</em>
Jul 2
Dividends $2,500 (debit)
Cash $2,500 (credit)
<em>Dividends paid in cash</em>
Explanation:
See the Journals and narrations that i have prepared above.
