Part 1: Record the following transactions for Classic CanineCuts for the month of December in the General Journal.
Transaction Date Description
1 12/1 Issued 100,000 shares of common stock for $100,000.
2 12/2
A retail space is rented. Paid for one year of rent in advancetotaling $24,000. (rent is $2,000 per month)
3 12/4 Purchased equipment for the business totaling $36,000.
4 12/5 Purchased $1,500 of supplies on account.
5 12/7 Provided services to customers for cash totaling$5,000.
6 12/9
Purchased an ad in the local newspaper to run during December for$400.
7 12/12
Customers purchased $1,000 of gift certificates for services to beprovided in the future (pre-paid for future services).
8 12/15
Paid employee salaries for the first half of December totaling$1,200.
9 12/17 Paid $1,000 for the supplies that were purchased onDecember 5th.
10 12/20 Provided $2,500 of services to customers on account.
11 12/25 Paid a cash dividend of $800 to the shareholders.
12 12/30 Received $1,500 on account for services provided on12/20.
Part 2: Post all of the transactions for the month of December fromthe General Journal to the General Ledger
General Journal – Adjusting Entries Part 4
Ref # Date Account Debit Credit
A 1
A 2
A 3
A. 4
A. 5
