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00:00 Time Left:0:58:14 Kushal Karki: Attempt 1 Previous Page Next Page Page 1 of 5 Question 1 (1 point) The General Motors
Required information The following information applies to the questions displayed below.) Tony and Suzie graduate from colleg
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Answer #1
Date Journal Entry
July 1

Cash A/c Dr 10000

To Common Stock 10000

July 1

Cash A/c Dr 10000

To Common Stock 10000

July 1

Insurance Charge A/s Dr 400

Prepaid Insurance A/c Dr 4400

To Cash A/c 4800

July 2

Legal Charges A/c Dr 1500

To Cash A/c 1500

July 4

Office Supplies A/c Dr 1800

To Cash A/c 1800

July 7

Newspaper Advertising Expenses A/c Dr 300

To Cash A/c 300

July 8

Mountain Bikes A/c Dr 12000

To Cash A/c 12000

July 15

Cash A/c Dr 2000

To Mountain Biking Clinic A/c 2000

July 22

Cash A/c Dr 2300

To Mountain Biking Clinic A/c 2300

July 24

Radio Advertising Expenses A/c Dr 700

To Cash A/c 700

July 30

Cash A/c Dr 4000

To Advance for Kayaking Clinic 4000

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