George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations, the firm had the following transactions. Apr. 1 George Smyth invested $30,000 cash in the business. 2 Paid rent for April, $2,100. 8 Bought equipment for $12,000 and issued a check for $3,000 as a down payment. 12 Performed services for $3,200 in cash, and $1,200 on credit. 19 Paid electric bill, $225. 25 Received $900 on account from credit customers. Required: Record each transactions on page 1 of the general journal. Omit explanations. If an amount box does not req

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Business

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22 October, 21:42

George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations, the firm had the following transactions. Apr. 1 George Smyth invested $30,000 cash in the business. 2 Paid rent for April, $2,100. 8 Bought equipment for $12,000 and issued a check for $3,000 as a down payment. 12 Performed services for $3,200 in cash, and $1,200 on credit. 19 Paid electric bill, $225. 25 Received $900 on account from credit customers. Required: Record each transactions on page 1 of the general journal. Omit explanations. If an amount box does not req

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Louis Sheppard · Answer 1

Record each transactions on page 1 of the general journal

Explanation:

Cash 30000

Equity 30000

George Smyth invested $30,000 cash in the business

Rent expenses 2100

Cash 2100

Paid rent for April

Equipment 12000

Cash 3000

Account payable 9000

Bougth equipment

Cash 1200

Account receivable2000

Revenue 3200

Performed services

Utilities 225

Cash 225

Paid electric bill

Cash 900

Account receivable 900

Received on account from credit customers