Question

I need all of the following journal entries done

Date Transaction No. Jay opened two accounts at Union Stale Bank, using S3,000 of his own moncy. He deposited $2,500 in a checking account and $500 into savings 7:1 1 Jay borrowed S6,000 from his Aunt Emma and signed a note with 8% interest. Under the terms of the note, he must make payments of $250 plus acCrued interest on the first day of cach month. Jay put $4,500 into his checking account and $1,500 into savings. 7/2 Jay purchased a 2004 Nissan pickup truck by writing a check for $4,820 7/3 3 Jay purchased insurance for the pickup truck at a cost of S150 per month. He paid for the month of July. 7/3 4 Jay establishcd a cell phone account for the business. Thc phone was frec, and he paid $75 for the first month's service. 7/3 5 Jay returned to the bank and applied for a VISA card. He reccived a card with a $1.000 credit limit 6 7/5 Jay purchascd a lawn mower and garden tools on account from Lovell Home & Garden Center. The total cost was $1.080. (Dcbit Lawn Equipment.) 7/5 7 Jay purchased 5185 worth of gloves, stukes, trimmer lines, and other supplies at the local hardware store using his VISA card. 7/6 Jay paid $80 cash for gas and oil for his pickup truck and the mower 7/6 A box of 500 additional checks arrived from the bank along with a memo that the $25 cost was charged to Jay's checking account. He considered this an immaterial amount and charged it all to Office Supplics Expense 10 7/7 Jay had 1,500 advertising flycrs printed to promote his new business. The lyers cost S225 and are considered advertising materials. He also purchased $90 of officc supplies Jay uscd his VISA for all of hese purchases. 7/7 One of Jay's ncighbors, Mr. Adams, is leaving town for six weeks. He paid Jay $360 to mow his lawn cach weck and keep his hedges trimmed while he is away. 12 7/8 Jay paid $75 cash to rent some equipment needed for the Foster job (see transaction 15). 7/9 13 Jay purchascd another S60 of gas using his VISA card. 7/10 14 Jay completed a landscaping and clean-up job for Mr. Foster. He lelt Mr. Foster a bill for $720 15 7/11 Jay charged another $140 in lanrdscaping supplics at Lovell Home & Garden Center 7/13 4

Answer 1

AS TOO MANY PARTS OF QUESTION HAVE BEEN ASKED AS PART OF ONE QUESTION, I WOULD ANSWER ONLY INITIAL PARTS. please use proper format and narration as well.

1. Cash a/c dr. 3000

To Saving bank a/c 500

To checking bank a/c 2500

(Being cash deposited in bank accounts)

2. Checking bank a/c dr 4500

Saving bank a/c dr 1500

To Emma (creditor) 6000

3. Nissan pickup truck dr 4820

To bank 4820

4. Expense(insurance) a/c dr 150

To Bank 150

5.

Expense(phone) a/c dr 75

To Bank 75

6. No journal entry. a entry shall be passed when credit limit is used to withdraw funds.

7. lawn equipment a/c dr 1080

To bank account 1080

8. Gloves a/c dr 185

To VISA credit card 185

9. Expenses(gas and oil)a/c dr 80

To Cash 80