assienment acct

Required:
Your delivery must be followed by the form provided by the preparation of:
● Journal entries.
● T calculation.
● Trial balance.
● Explain the use of the journal and ledger using 50-100 words
•
Use APA documentation
Use the following form and enter the following financial operations
(transactions) from Happy Wish Company in their daily book. In addition,
explain how using private books will benefit you as an accountant.
Date /Details
1 May The landlord received $1,500 in rent.
3 Goods were purchased by credit from Marwan for $1,500 with a 2% commercial discount, with invoice
number 001.
4 He received $1,000 in cash from customers.
6 A cash loan of $6,000 in cash was received from the Aid Bank.
8 An advance payment of $500 was paid for insurance.
10 The machines were purchased by credit from Dream Machinery. For $2500 with a 5% commercial
discount, with invoice number 280.
13 The merchandise was sold by credit to the Order for $1,500 with a 4% commercial discount, with
invoice number 101.
15 The merchandise was sold by credit to Kamal for $1,000 with a 3% commercial discount, with invoice
number 140.
16 Damaged goods worth $500 were returned to Marwan.
16 $200 interest was received from a bank deposit.
17 Salaries totaling $3,000 were paid to employees.
18 Advertising expenses of $1,200 were paid.
19 Office furniture was purchased by credit from Hassan Furniture. For $1400 on a 10% commercial
discount with invoice number 275.
19 Staff travel expenses of $250 have been reimbursed.
20 Office supplies purchased by credit from Benz for $600 at a 2% commercial discount Invoice No. 289
20 Machine consumption for the month was $420.
21 The goods were sold by credit for $1100 with a 7% discount.
22 $890 with invoice No. 146 was paid to Jane for goods purchased.
25 A cash rental payment of $400 was received for a delivery truck.
26 $170 in bad debit was written off from collectible accounts receivable.
27 Goods were sold for $1,700 on credit on invoice number 406.
28 The office supplies were purchased by credit from Fancy Office Supplies for $220 and got a 5%
discount with invoice number 295.
30 An accrued interest expense of $70 for the loan has been adjusted and recorded.
30 A cash dividend of $350 was received from the stock investment.
31A property tax advance payment of $500 was paid.