please help with journal and general legders ...
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Accounting
please help with journal and general legders
Date Description of the Transaction March 1 Owners of OPJ invested an addionil sS5,000.00 cash into the Dusinest The canh ia put into Big Eark. March 1 Pay of the $60,000,00 Note Payable owed to Litlle Back. The cash to puydl the note is taken out of Big Bank. Aso pay to Uitle Bank \$4SQ 00 tox interest oded on the Noen Payable for Fotrusry. The $450.00 eash is also taken cet of Big Bank March I. Take 54,08000 casti out of Big Bank to pay for Martis rent March 2 The customer that purthased on cendi on Februay 15 pays $60,000,00 cash to pay ofl the amount oue. The cash is decosited into Big Bank March 10 Sole of inventory to a customer - seling price $92,000,00cos of inventory sold \$24,000,00 The customer pars cash. The cash in depeeiled into Litile Bank March 15 Take $20.250 00 cash out of Linte Bank to pax employees for woges they have camed. March 16 Purchase $87,500,00 of addational inventory. OPJ will pay the mandacturec 50% of the $87,500,00 in 10 dars. OPJ will pay the remaning 50% in 30 doys March 17 Sale of inventory to a customer - seling price $120,000,00 - cost of the inventory sold $30,000,00 The customer will pay tor the purchase in 30 days. March 20 Sale of invenlory to a customer - selting poce $159,000.00 - cost of the inventory sold $42,000.00 The customer pays $59,000,00 cash that is deposited into Littie Bark. The customer will pay the remaining amourt in 30 days. March 22 Purchase irwentory for $42,500.00 cast The cash is tisken ad of Big Bark. March 26 Pay the manulacturer the 50% due on the March 16 th purchase of inventory. The eastis taken out of Big Bank. March 30. Take $22,000,00 cash out of Litle Bank to pary employees for wages they have earred. \begin{tabular}{|ll} \hline \multicolumn{1}{|c|}{ Additional Information } \\ \hline Note Payable & Interest due to Big Bank on the Note Payable for the month of March is $725.00. As of March 31 \\ Big Bank: & OPJ owes Big Bank a total of $1,325.00 for interest ( $600.00 for February +$725.00 for March). \\ & Interest will be paid to Big Bank in June. \end{tabular} Wote Payable-Bla Bank
please help with journal and general legders






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