Lourdes Yabar opened a computer repair business on May 1, 2019. During the first month of operations, the firm had the following transactions. Record these transactions on page 1 of the general journal. Omit the descriptions. Set up a Cash general ledger account and post the appropriate transactions to this account, account 101.

19 Issued Check 104 for $250 to pay for a newspaper advertisement
26 Issued Check 105 for $350 to pay the monthly electric bill
28 Performed services for $600 cash
29 Received $400 on account from credit customers
29 Issued Check 106 for $150 to pay the monthly telephone bill
31 Issued Check 107 for $7,000 to pay a creditor
31 Issued Check 108 for $2,500 to Lourdes Yabar for personal expenses

Question

Lourdes Yabar opened a computer repair business on May 1, 2019. During the first month of operations, the firm had the following transactions. Record these transactions on page 1 of the general journal. Omit the descriptions. Set up a Cash general ledger account and post the appropriate transactions to this account, account 101.

19	Issued Check 104 for $250 to pay for a newspaper advertisement
26	Issued Check 105 for $350 to pay the monthly electric bill
28	Performed services for $600 cash
29	Received $400 on account from credit customers
29	Issued Check 106 for $150 to pay the monthly telephone bill
31	Issued Check 107 for $7,000 to pay a creditor
31	Issued Check 108 for $2,500 to Lourdes Yabar for personal expenses

Quizplus · Accepted Answer

The Answer of Lourdes Yabar opened a computer repair business on May 1, 2019. During the first month of operations, the firm had the following transactions. Record these transactions on page 1 of the general journal. Omit the descriptions. Set up a Cash general ledger account and post the appropriate transactions to this account, account 101.

19	Issued Check 104 for $250 to pay for a newspaper advertisement
26	Issued Check 105 for $350 to pay the monthly electric bill
28	Performed services for $600 cash
29	Received $400 on account from credit customers
29	Issued Check 106 for $150 to pay the monthly telephone bill
31	Issued Check 107 for $7,000 to pay a creditor
31	Issued Check 108 for $2,500 to Lourdes Yabar for personal expenses

Lourdes Yabar Opened a Computer Repair Business on May 1