How do I analyze each transaction and record it in the general journal by Using pg. 3 to begin January’s transactions?
If you have the book in front of you, I am in Ch. 6 pg. 186. The Mini Practice Set 1
Purchased supplies for $4,000; issued check 1015
Purchased a one year insurance policy for $6,000; issued check 1016
Sold Services for $18,000 in cash and $2,000 on credit during the first week of Jan.
Collected a total of $3000 on acct. from credit customers during the first week of Jan.
Issued Check 1017 for $2800 to pay for advertising during the month
Collected a total of $2500 on acct. from credit customers during the week of Jan.
Returned supples for a cash refund of $550