Please I needs help 132 Chapter 3 Exercise 3-1: Follow the instructions below to
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Question
Please I needs help
132 Chapter 3 Exercise 3-1: Follow the instructions below to complete Exercise 3-1: I. If necessary start QBO. Use the transaction register to enter the following checks and cash sales 2. Tip: In the Bank accounts area of the Dashboard, 101 Checking shows $47,976.29, That's the 101 Chacking 47 982 same balance as the Transaction Register. Description of Transaction Ck. No. Date Payment Deposit Balance 1017 Balance 1018 1019 Office Suppliers 1019 10/20 Cays Advertising 47,976.29 47,875.95 47,750.95 2,000.00 49,750.95 100.34 125.00 10/20 Cash Sales Sales Receipt 1002 1020 10/23 Best Cellular 82.13 49,668.82 Cell phone service; Telephone expense) 1021 1025 Journal of Accounting 75.00 49,593.82 (Dues & Subscriptions)Explanation / Answer
Note: There can be variation in accounting heads term, if tere are specific account names given in the question than use them.
Date Particulars Debit Credit 10.19 Office supplies $ 100.34 Bank $ 100.34 (office supplies purchased) 10.2 Cays Advertising $ 125.00 Bank $ 125.00 (Advertising charges due paid) 10.2 Bank/Cash A/c $ 2,000.00 Sales $ 2,000.00 (being cash received for sales) 10.23 Telephone Expenses $ 82.13 Cash $ 82.13 (telephone expenses paid) 10.25 Magazine & Newspaper Charges $ 75.00 Cash $ 75.00 (dues and subscription charges paid)