50.1K

Verified Solution

Link Copied!

please help

P 2-9 Gizem Gzel opened her first decorating shop on 1 June 20x2. During June 20x2, she complete the following transactions: 1 June: Transferred cash from her personal account to an account to be used for the business, TL 2.900. 2: Purchased office supplies for cash, TL 80. 3: Purchased a computer for TL 3.800, paying TL 800 cash and signing a note for the remainder. 4: Purchased office equipment on account for TL 410. 5: Paid rent for June, TL 125. 10: Received cash for a job completed, TL 225. 12: Purchased office supplies on account, TL 280. 15: Paid wages for the first half of the month, TL 500. 16: Paid premiums on property insurance, for the period 1-30 June, TL 304. 20: Paid for the equipment purchased on 4 June. 21: Recorded service revenues on accounts, and sent invoices to customers of TL 3.075, to be received later. 25: Completed a mini shop decoration and received TL 271. 26: Received Internet bill of TL 58 to be paid in July. 27: Paid telephone bill, TL 29. 29: Paid electricity bill, TL 31. 30: Received cash from previously billed customers, TL 2.025. 30: Paid wages for the second half of the month, TL 500. 30: Withdrew cash for her personal use, TL 600. Required: a. Prepare the journal entries. b. Post to the ledger accounts. Use T-accounts. c. Prepare the trial balance as of 30 June 20x2. P 2-10 Eviniz Bizden Company operates a real estate agency buying, selling and renting houses. It account balances at the end of October 20x3 are as follows

Answer & Explanation Solved by verified expert

See Answer