Asked by student acc
I have to prepare a general journal entry for a company of transactions that they have done in the month of june. I have done a couple of them. But i haven't had one that says the following for the beginning:
S.Shelton, the owner, invested $105, 000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the business.
How would i set it up in the general journal entry.
this is what i think
i would first put
cash and place the 105,000 under debit
then under neath place office equipment and add the amounts 6,000+45,000 and that will give me 51,000 and i will place that under credit. Then I would have to write down the capital wouldn't i. Or should i do the capital on another line
S.Shelton, the owner, invested $105, 000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the business.
How would i set it up in the general journal entry.
this is what i think
i would first put
cash and place the 105,000 under debit
then under neath place office equipment and add the amounts 6,000+45,000 and that will give me 51,000 and i will place that under credit. Then I would have to write down the capital wouldn't i. Or should i do the capital on another line
Answers
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Frontier Park was started on April 1, 2015 by C. J. Mendez. The following selected events and transa
Frontier Park was started on April 1, 2015 by C. J. Mendez. The following selected
events and transactions occurred during April 2015.
events and transactions occurred during April 2015.
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