Journalize the Following Transactions for Redmond Storage and Prepare a Trial

question 32

Essay

Journalize the following transactions for Redmond Storage and prepare a trial balance dated June 30, 2019.
a)Owner, Roger Redmond invested $10,000 cash into the business.
b)Rented an office and paid one month's rent, $1,100.
c)Purchased $450 of supplies on account.
d)Performed a service on account, $1,550.
e)Paid $2,500 cash for office furniture.
f)Owner, Roger Redmond withdrew $1,700 cash for personal use.
g)Collected $1,200 on account.

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Definitions:

Holographic Will

A will entirely handwritten and signed by the testator, often not witnessed, but recognized as valid in some jurisdictions.

Attested

Verified or certified as true, accurate, or genuine by a witness or authority.

Codicil

A formal document used to supplement or change an existing will.

Under Seal

A formal designation indicating that a document's execution has a legally recognized form, often offering a presumption of consideration.