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QUESTION 1 Transactions for...

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Accounting

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QUESTION 1 Transactions for Pearl Co. for the month of December are presented below 1. Pearl, the owner, Invested an additional BHD40,000 cash in the business 2. Purchased land costing BHD28,000 for cash. 3. Purchased supplies on account for BHD800. 4. Paid BHD 1,000 for a one-year insurance policy. 5. Received BHD3,000 cash for services performed. Received BHD3.000 cash for services performed. Requirements: (A) Joumalize each transaction and identify each transaction by number. You may omit journal explanations Example: 1. Paid BD 500 for office maintenance. Answer: Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 (B) After recording all the transactions in PART A, what is the cash balance? [you MUST show your calculation For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I US Arial Paragraph 10pt

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