Sandy A

03 Oktober 2022 07:29

Sandy A

03 Oktober 2022 07:29

Pertanyaan

Transaction for Aruna Silk Company for the month of August 2020 are presented below. Aug 2 Stakeholder invested $100,000 in the business in exchange for ordinary share Aug 5 Purchased building on cash $80.000 Aug 7 Purchases supplies on account $5,000 from Borhinger Corporation Aug 15 Recerved 512.250 cash for service performed for Eternity Company Aug 16 Performed computer service and was billed $2,450 Aug 19 Paid $2.000 to Bortunger Corporation for accounts payable due Aug 22 Paid advertising expense $850 and utilites expense $150 Aug 24 Paid S10.000 in cash dividends Aug 27 Paid $900 for a one-year insurance policy that will expire next year Aug 29 Received $3.250 cash advance from Miami company, for computer services that are expected to be completed by December 31 Instruction: a. Journalize the transactions for August. b. Post the August journal entries to the ledger (T-account).

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