FA aas act cycle.docx - Assignment III CHAPTER TWO...

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Assignment IIICHAPTER TWOACCOUNTING CYCLESubmission deadline June 6,2020Accounting cycle for Zebenai Laundry ServiceInstruction 1: Record the following transactions in a two-column Journal (GeneralJournal)January1, 2012Zebenaideposited Br. 70,000 in a bank account in the name of thebusiness( Zebenai Laundry service), Receipt No.015PurchasedLaundry Machinefor Br 35,000 Ck No.016Paid rent forone year Br 12,000, CkNo.028Purchased Equipment on credit for Br.3000, purchases invoice No.0611Purchased supplies on account for Br 800, purchases invoice No.1219Received Br 6,800 from Laundryservice, Receipt No.0222Paid creditors on account Br 1,800, Ck.No.0325Paidwagesof employees Br 1,200, C k No. 0426Paid utilities expense Br 500, Ck No.0530Zebenai withdrew Br 1,500 for personal use, Ck No.06February1Received Br.2000 from Cleaningservice, Receipt No.032Paid the premiums on property and causality insurance policiesBr.1200(Prepaid Insurance), Ck No.07.

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Term
Fall
Professor
NoProfessor
Tags
Depreciation, Generally Accepted Accounting Principles, invoice, Accounting software, purchases invoice No 06

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