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    Jordan River Laundry

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    idk irdk
    Jordan River Laundry recorded various business transactions in their general journal during September 2019. These included Mr. Jordan contributing capital of $186,700 for starting the business. Equipment, furniture, and supplies were purchased for the new laundry business. Revenue was generated from laundry services and loans were taken out. Expenses such as utilities, repairs, wages and supplies were paid. Cash was received from clients as advances and accounts receivable were collected.

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    Jordan River Laundry

    Uploaded by

    idk irdk
    1K views4 pages
    Jordan River Laundry recorded various business transactions in their general journal during September 2019. These included Mr. Jordan contributing capital of $186,700 for starting the business. Equipment, furniture, and supplies were purchased for the new laundry business. Revenue was generated from laundry services and loans were taken out. Expenses such as utilities, repairs, wages and supplies were paid. Cash was received from clients as advances and accounts receivable were collected.

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    Ruff.xlsx

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    Jordan River Laundry recorded various business transactions in their general journal during September 2019. These included Mr. Jordan contributing capital of $186,700 for starting the business. Equipment, furniture, and supplies were purchased for the new laundry business. Revenue was generated from laundry services and loans were taken out. Expenses such as utilities, repairs, wages and supplies were paid. Cash was received from clients as advances and accounts receivable were collected.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    1K views4 pages

    Jordan River Laundry

    Uploaded by

    idk irdk
    Jordan River Laundry recorded various business transactions in their general journal during September 2019. These included Mr. Jordan contributing capital of $186,700 for starting the business. Equipment, furniture, and supplies were purchased for the new laundry business. Revenue was generated from laundry services and loans were taken out. Expenses such as utilities, repairs, wages and supplies were paid. Cash was received from clients as advances and accounts receivable were collected.

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    © All Rights Reserved
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    JORDAN RIVER LAUNDRY

    GENERAL JOURNAL
    2019 Particulars G/L Account Debit Credit
    2-Sep Cash 101 120,000.00
    Laundry Equipment 108 35,000.00
    Furniture and Fixtures 109 22,500.00
    Office Supplies 106 4,200.00
    Laundry Supplies 105 5,000.00
    Mr.Jordan, Capital 301 186,700.00

    8-Sep Laundry Equipment 40,000.00


    Cash 101 12,000.00
    Accounts Payable 28,000.00

    10-Sep Cash 101 117,000.00


    Accounts Receivable 102 78,000.00
    Laundry Services Revenue 401 195,000.00

    12-Sep Cash 101 220,000.00


    Loan Payable 204 220,000.00

    14-Sep Delivery Vehicle 110 5,250,000.00


    Cash 101 220,000.00
    Accounts Payable 201 5,030,000.00

    15-Sep Utilities Expense 502 34,000.00


    Repair Expense 504 3,500.00
    Cash 101 37,500.00

    18-Sep Notes Receivable 103 54,000.00


    Accounts Receivable 102 126,000.00
    Laundry Services Revenue 401 180,000.00

    20-Sep Cash 101 90,000.00


    Advances from clients 203 90,000.00

    22-Sep Cash 101 70,200.00


    Accounts Receivable 102 70,200.00

    26-Sep Laundry Supplies 105 12,000.00


    Accounts Payable 201 8,000.00
    Cash 101 4,000.00

    28-Sep Accounts Payable 201 2,000.00


    Laundry Supplies 105 2,000.00
    30-Sep Wages Expense 501 20,000.00
    Cash 101 20,000.00
    101 Cash

    45700
    2300
    35000
    400
    1200
    0
    0
    300
    0
    600
    325
    70
    85895

    10800
    1300
    1000
    0
    1200
    0
    0
    500
    0
    600
    0
    0
    230
    240
    15870

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