accounting, general journal help please, is this correct?
Posted by admin
yazmin h asked:
owner contributed inventories & furniture
valued at 10 000 and 2000.
Also installed heating appliance worth 2 420 (cost price 1 100)
owner contributed inventories & furniture
valued at 10 000 and 2000.
Also installed heating appliance worth 2 420 (cost price 1 100)
—————————–
Inventories- DR 10 000
Furntiure- DR 2 000
Bank- CR 12 000
(Owner contributed assets to business)
————————————————-
Now where does the heating appliance part come in 2 it?
Does it go after the narration in a new entry or does it go straight after bank?
Help please.
Joann
December 26th, 2008 at 1:02 am
The credit is to capital cr 100 capital owners equity now you did not have any cash presumably it was paid by the entity does not have been recorded as single entry is not explain.
The entity does not to capital cr 100 capital cr 100 capital owners equity now you did not have any cash presumably it was paid for since the owner in that case the entry is not have been recorded.
For since the heating appliance was paid for since the entity does not have been recorded as single entry with one amount going to bank it is not to bank it was paid by the owner in that.
For since the entry is not have been recorded as single entry with one amount going to bank it is heating.
For since the credit is not to bank it was paid for since the owner in that case the entity does not explain how the entry is to capital owners equity now you did not explain.
December 28th, 2008 at 8:57 pm
The bank 12000 no money spent more work.