Answer to Question #287463 in Other for Habtamu Asres

Question

3d)Given below is a list of selected transactions performed by John Décor during the month of December 2017.Dec. 1 Mr. John transferred cash from his personal account to the business to be used in the business, Birr 150,000.“ 1 Paid five months’rent in advance, Birr 30,000“1 Paid annual Insurance premium of Birr 7,200“ 11 Purchased a truck for Birr 110,000 by paying Birr 60,000 Cash and giving a notes payable for the difference.“ 12 Purchased equipment on account, Birr 11,000“ 13 Purchased supplies on account Birr 2400.“ 14 Paid insurance premiums of Birr 8100“ 15 Received cash for services completed Birr 36,000.“ 18 Paid salaries of Birr 9000.“ 21 Paid its liabilities for the purchase of equipment made on December 12“ 24 Provided Service on account, Birr 52,000“ 27 Paid utilities expense Birr 12,500.“ 27 Paid miscellaneous expenses Birr 1,200.“ a)Record the above transactions

Answer 1

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