The following transactions are from the records of Campo-Stewan Co. Record these investments and withdrawals...
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Accounting
The following transactions are from the records of Campo-Stewan Co. Record these investments and withdrawals by the partners in a General Journal, and then PRACTICE EXERCISE 5 212 CHAPTER 11 post the appropriate entries to their respective Capital accounts and Drawing accounts 20 Jan 4 Peter Campo invested $17.500 cash and a computer system with $8,500 Jan 4 Brian Stewan invested 54.000 cash, 56,200 in accounts receivable. and $12,000 in merchandise. Feb. 10 Peter Campo withdrew $500 cash Feb 20 Brian Stewan withdrew $400 cash and $250 of merchandise for bus owo use. Ignore tax on merchandise.) Apr. 16 Brian Stewan used $900 of company funds to pay personal expenses Jun. 21 Peter Campo invested an additional $12,000 cash. Brian Sewa withdrew $2,000 cash (Record these as separate transactions Peter Campo gave his home utility bill to the bookkeeper and asked that it be paid with company funds, $150. Aug. 10 Brian Stewan invested $3,000 cash and a truck valued at $7.500 Oct 1 The two partners withdrew $1,000 each CORPORATIONS


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