Question

Accounting 201 Assignment 5, Due Tuesday January 22 at 11:59 p.m. Purpose: Know howw to make journal entries Requirement: Make journal entries for the transactions from 1/1 to 1/18, on Account Title column I have set up a drop down box; the box contains all possible accounts for this business Click on cells (boxes) under Account title to get a drop down box icon; click on the icon and choose the correct account title PLEASE USE THE DROP BOX TO CHOOSE YOUR ACCOUNT TITLE AND THEN MAKE A DOUBLE ENTRY FOR EACH TRANSACTIONN George's Bicycle Repair Shop Date Account Title Debit Credit 1/1 George put in $500 of his savings into this business 1-Jan 1/3 Georee bought some tools from Tools R Us on account 3-Jan for $125 1/5 Geroge recelve $200 cash for repairing bicycles 5-Jan 1/6 George repair 10 bicycles for a bicycle club and set up 6-Jan an account for this customer; billed them $500 for the repair 1/10 George's shop borrowed $5000 from the bank 10-Jan 1/15 George paid $125 that he owed to Tools R Us on 1/3 15-Jan 1/17 George purchased some more tools from Tools R Us on account 17-an for $200 1/18 George received $250 from the Bicycle Club on the bill he 18-Jan sent out on 1/6

Answer 1

Please find journal entries as below