hi could you do the journal entries on excel please i really need help please...

90.2K

Verified Solution

Question

Accounting

hi could you do the journal entries on excel please i really need help please
image
A. General Journal in Excel Caliso Ltd. For some years, Shawn operated a part-time web design service from home. In 2020, he went full-time with a start-up named Caliso Ltd The company recorded the following transactions in Jul 1 Jl Received $12.000 cash and $2.000 supplies from Shaun's Investment of $14.000 in his start- MP 1 Jul Purchased a $13.000 server equipment from Offical of which $11,000 was paid in cash and $2,000 on credit Paid three months' rent on a lease rental contract 56, 570 6. Jul Borrowed S24.590 through a 18-month bank loan to provide the desired business liquidity 17 Jul Paid $490 cash for a magazine advertisement 8 Jul Paid 53 740 premiums for a business Insurance policy Jul Completed 54,920 design services for YonBiz Amount is to be received within 120 days 10 Jul Paid part-time assistant for 4 weeks Salary S1 220 16 Jul Received $3,800 cash payment for business services provided to Dotcop. 17 Jul Received $5,660 cash from TriCom for design services to be provided in Oct. 20 Jul paid $160 taxes to the authorities in cash 22 Jul Received cash $1,930 from Yonbiz as partial payment for work completed on 9 Jul 23 Jul Pad 970 cash for supplies 25 Jul Paid Officely 51,730 as part of the debt incurred on 1 Jul 28 Jul Cash withdrawal 51.500 by Shawn to pay for his expense 31 Jul nsurance expired in Jus IS $330. 31 Jul Rent expired in Jul is 51.690 31 Jul Paid 5230 interest in cash to bank for the loan that the company took on 6 Jul 31 Jul Recorded depreciation of server equipment for Jul using straight-line depreciation The equipment has an estimated useful life of 40 months. The company expects to sell it for 5800 at its end of life. 31 Jol Supplies used in Jul is $890

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students