Assignment: Raeph’s Auto Shop
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Due
No Due Date
Points
100
Submitting
a 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 RequirementsSubmit 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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