Mastery Problem
Mastery Problem
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| I need the Mastery probelm completed, chapter 4 heintz/parry accounting 21st edition.Mastery Problem pages 128-129 see the attachment | |||||
| General Journal | |||||
| Page 1 | |||||
| Date | Description | Post Ref. |
Debit | Credit | |
| June | 1 | Cash | J1 | 10,000.00 | |
| Capital | J1 | 10,000.00 | |||
| invesment in business | |||||
| June | 1 | Basketball Equipment | J2 | 3,000.00 | |
| cash | J2 | 3,000.00 | |||
| purchase of basketballs and equipment | |||||
| June | 2 | Advertising | J3 | 5,000.00 | |
| Cash | J3 | 5,000.00 | |||
| Advertising expense | |||||
| June | 2 | Cash | J4 | 15,000.00 | |
| Registration fees | J4 | 15,000.00 | |||
| Registration fees Income | |||||
| June | 2 | basketball court | 12,000.00 | ||
| Accounts Payable | 12,000.00 | ||||
| Purchased basketball on account | |||||
| June | 5 | Office supplies | 300.00 | ||
| accounts Payable | 300.00 | ||||
| purchased supplies on account | |||||
| June | 6 | Meals expense | 5,800.00 | ||
| aaccounts payable | 5,800.00 | ||||
| Purchased meals on account | |||||
| June | 7 | Cash | 16,200.00 | ||
| registration fees | 16,200.00 | ||||
| registration fees income | |||||
| General Journal | |||||
| Page 2 | |||||
| Date | Description | Post Ref. |
Debit | Credit | |
| June | 10 | Wage expense | 500.00 | ||
| Cash | 500.00 | ||||
| Wages paid | |||||
| June | 14 | Cash | 13,500.00 | ||
| registration fees | 13,500.00 | ||||
| registration fees income | |||||
