Question Description
Assignment: Raeph’s Auto Shop
- DueNo Due Date
- Points100
- Submittinga file upload
Use Raeph’s Auto Shop document to record the transactions below into a general journal. When recording the transactions into the general journal, be sure to record debits first, then credits.
| 201X | |
| May 1 | Raeph Savareses invested $75,000 cash in the auto shop. |
| 5 | Paid $8,000 for auto equipment. |
| 8 | Bought auto equipment from Leominster Co. for $6,000 on account. |
| 14 | Received $1,300 for repair fees earned. |
| 18 | Billed Lumb Co. $750 for services rendered. |
| 20 | Raeph withdrew $200 for personal use. |
Submission Requirements
Submit the following documents by the due date. Be sure to follow these requirements in your work:
Type your assignment into the MS Excel template provided in the instructions (.xls or .xlsx).
Please click the “Submit Assignment” link and follow the prompts to upload your assignment.
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