El Buen Trago Inc. open Liquo I GENERAL JOURNALPOSTING&TRIAL; BALANCE. Store & c

Question

El Buen Trago Inc. open Liquo I GENERAL JOURNALPOSTING&TRIAL; BALANCE. Store & cafe on the first month of operations(September), the following events and transaction occurr. EL Buen Trago, Inc comenzó un negocio de Café y venta de licores. Durante el primer mes de operaciones se llevaron a cabo los siguiente eventos y transacciones comerciales de su negocio September 1 Open business with bank account of 11,600, Merchandise Inventory $30,500, motor vehicle $ 21,000. Abrió cuenta bancaria por $ 11,600, Inventario de mercancía por $30,500, vehiculo de motor 1,000 Ago. 2 Issued check no. 1 to Jovita Mango. for rent of month $3,000. Emitió cheque num. 1 a favor Jovita Mango por la renta del mes por $3,000. 2 Issued check no.2 to WCO. Store supply for $1,000.. Emitió cheque num 2 a favor WCO suministros para tienda de $1,000. 11 Issued check no. 3 to Wapa TV Advertising for $1,500. Emitió cheque num. 3 a favor de Wapa TV por el anuncio de $ 15 Issued check no 4 to Melato Fuentes for salary of $2,200 less fica tax $250 and Income tax $150. Emitió cheque no. 4 a favor Melato Fuentes secretario su salario de $2,200.menos Seguro social $250. y contribución sobre ingresos de $150 15 Issued invoice no. 101 to Sell Co. Inc., for merchandise sold on account of $6,500. 3/10 net 30 Emitió factura no. 101 a Sell Co. ,Inc. por venta de mercancía a cuenta por $6,500. 3/10 net 30 1,500. 28. Receipt total amount of invoice 101 from Sell Co. If discount applied. Recibió el total de la factura 101 de la cuenta de SellCo. Verifica si aplica descuento 30·Purchase on account to Bacardi Corp. for merchandise of $32,000 2/ 10 Net 30. Compro mercancía a crédito a Bacardi Corp por $ 32,000, 2/10 Net 30

Explanation / Answer

1. General Journal

2. Sales Journal

3. Purchase journal

4. Cash receipts journal

5. Cash payment journal

6. General ledger

El Buen Trago Inc. General journal for the month of February Date Account title Debit Credit Sept.1 Cash 11600 Merchandise Inventory 30500 Motor vehicle 21000 Common stock 63100 Sept.2 Rent expense 3000 Cash 3000 Sept.2 Stores supplies 1000 Cash 1000 Sept.11 Advertising expense 1500 Cash 1500 Sept.15 Salary expense 2200 FICA tax payable 250 Employee Income tax payable 150 Salary payable 1800 Sept.15 Accounts receivable 6500 Sales revenue 6500 Sept.28 Cash 6305 Sales discount 195 Accounts receivable 6500 Sept.30 Purchase account 32000 Accounts payable 32000

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.