Journalize transactions for XYZ Enterprises for Oct. for the current year Oct. was the first month of business for this sole prop. Company Post all of the journal entries to T accts. Determine T acct balances and then prepare an Oct. 31 Trial Balance Prepare the 3 fin. Statements, I/S, Statement of O.E., B/S
1 Ben Hamilton, owner, invested money into this business 3,100.00
2 Business bought supplies on Account 912.00
3 Business bought Office Furniture. Paid Cash. 2,000.00
4 Business performed a service on account for a customer 7,400.00
5 Business performed a service for a customer. Customer immediately paid 1,250.00
6 Business paid employee for work performed this month 725.00
7 Owner was paid by his company 1,300.00
8 Customer of trans. 4 pays business half of what they owe. 3,700.00
9 Business paid October's rent 840.00
10 Ben Hamilton lends his brother money. Money was not the company's 375.00