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QUESTION 16 Transactions for...

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QUESTION 16 Transactions for Pearl Co. for the month of December are presented below. 1. Pearl, the owner, Invested BHD40,000 cash to establish Pearl Co. 2. Purchased land costing BHD28,000 by signing a note. 3. Purchased supplies for BHD800 cash. 4. Paid BHD1,000 for a one-year rent in advance. 5. Received BHD3,000 cash in advance for service to be performed next month. Requirements: (A) Journalize each transaction and identify each transaction by number. You may omit journal explanations. Example: 1. Paid BD 500 for office maintenance. Answer: 1. Dr. Office Maintenance expense BD 500 - Cash DD 500 Requirements (A) Journalize each transaction and identify each transaction by number. You may omit journal explanations. Example: 1. Paid BD 500 for office maintenance. Answer: 1. Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 (B) After recording all the transactions in PARTA, what is the cash balance? [you MUST show your calculation] For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). os Paragraph Arial V T

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