Question

B Fitness Training March 2019 Transactions Description of the Transaction Date Mar 1 The owners of Fitness Training invested an additional $55,000 cash in the business. Mar 1 Pay off $60,000 of the Note Payable. Also pay $450 for interest owed on the Note Payable for February. Mar 1 Take $7,200 cash out of bank to pay for March's rent. 1 A customer that purchased on credit in February pays $88,000 cash to pay off the amount due. Mar 2 2 3 4 Mar 10 5 Sell training sessions to a customer for $69,000. The customer pays cash. Mar 15 5 Take $34,000 cash out of the bank to pay employees for wages they have earned. 7 Mar 16 Purchase $7,000 of additional supplies. Fitness will pay 50% of the $7,000 in 10 Transactions Chart of Accounts General Journal General Ledger Trial Balance

Answer 1

Debil Gredi 133000 133M. Mar-17 110 400 Account Receivable -- DY To Training Revenue May-20 100 cash pr 10 Account Receivable - Dy 400 TO 25000 57000 82000 Training Revenue Mar 22 37 Account Payable DY_3750 Mar-22_120 Czym Supplies. Da Te cash 3750 3750 100 To cach . Mar 26 180 3500 31250 100 cash 200_Account Payable D7_3500 To cash [7000 x 50%] Mar 30 515 Wages Expense po 31230 TO Bank Mar 30 520 Interest Expense De 75 To Me Payable E [Interest for the month of March ] 75 210

Training Revenue Masto Cash 69000 Mar-17 Account Receivable 133000 Mar-20 cash 25 ) Account Receivable 57ono Man-31 Income Summary 28:40 28400 284000

Mar-15 Mar-30 Wages Ex pense Dr Cash 34000 Cash 31250 Income Summary al 65250 Mar 31 65250 65250 Rent Expense cs Mar-l Mar-31 7200 Cash Income Summary 7200 7200 7200 interest Expense Dr Mar 30 Note Payable Mar 31 income Summary 75 75 75 Pore-Closing Triabalance Debit Carestit Cash 199850 Account Receivable 260500 Gym Supplies 46750 Exercise Equipment GODTD Accounts Payable 3500 Note Payable 6500 0 Owner's capital 28.5950 Interest Payable GOD 615