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General Ledger Problem 4.5 (based on Problem 4.4A) Four transactions for Airline Maintenance and Repair...

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Accounting

image General Ledger Problem 4.5 (based on Problem 4.4A) Four transactions for Airline Maintenance and Repair Shop that took place in November 2021 appear below. Nov. 1 Edith Porras invested $75,000 in cash plus tools with a fair market value of $15,000 to start the business. 2 Purchased equipment for $13,500 and supplies for $1,700 from Airline Equipment Company, Invoice 551; issued Check 100 for $5,500 as a down payment with the balance due in 30 days. 10 Performed services for Worldwide Airlines for $33,200, which paid $15,800 in cash with the balance due in 30 days. 20 Purchased machinery for $8,000 from Craft Machinery, Inc., Invoice 779; issued Check 101 for $1,500 in cash as a down payment with the balance due in 30 days. 76% of available points Prepare the journal entry below for each of the transactions, entering the debits before the credits. To save your work, click on "Record Entry". Journal entry worksheet Edith Porras invested $75,000 in cash plus tools with a fair market value of $15,000 to start the business. Note: Enter debits before credits

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