The Following Transactions Have Been Journalized and Posted to the Proper

question 118

Essay

The following transactions have been journalized and posted to the proper accounts.Prepare a trial balance in good form.
a.Edward Wilson invested $8,000 cash in his new landscaping business.
b.The business paid the first month's rent with $300 cash.
c.The business purchased equipment by paying $2,000 cash and executing a note payable for $3,000.
d.The business purchased supplies for $200 cash.
e.The business billed clients for a total of $1,000 for design services rendered.
f.The business received $750 cash from clients for services rendered above.
g.The owner took a withdrawal of $2,000.
$$\begin{array} { | l | l | l | } \hline \text { Account Title } & \text { Debit } & \text { Credit } \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

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Definitions:

Personal Use

Utilization of products or services for individual needs rather than for business or commercial purposes.

Antecedent State

Refers to the psychological and physiological conditions of consumers that influence their behavior before encountering a marketing stimulus.

External Search

The process consumers undergo seeking information from sources outside themselves, such as reviews or expert opinions, before making a purchase decision.

Problem Recognition

The initial stage in the buying process where a consumer identifies a need or problem that requires a solution.