Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 5

Mark established Drivers Line Company, on January 1, 2020.

It’s a
car selling company that sells cars for a period of time. During the
whole year, the company completed these transactions:

1. On January 1, Mark invested $10,000,000 on cash to start car


renting company, Drivers Line Company.
2. On January 4, Mark purchased a land paying 1,000000 on cash.

3. On January 6, He built a store for 500,000 on credit.

4. On January 7, Mark bought cars on cash 5,500,000 for 20 cars.

5. On January 12, The company purchased office equipments for


250,000 on cash.

6. On January 13, Drivers Line Company sold a car for a client with
350,000 on cash.

7. On January 16, the company paid 50,000 utilities on cash.

8. On January 18, Drivers Line company bought additional office


equipment 100,000 on credit.

9. On January 19, the company sold two cars with 600,000 On


cash and collected the money immediately.

10. The company received 350,000 cash early on a car that


should be next month to the client.

11. On January 21, the company sold a car for a client and billed
that client 300,000 for the service on credit.

12. The company rented an extra garage for 75,000 for a full
year to put the rest of the cars In it.

13. On January 24, Drivers Line company paid the assistant’s


salaries of 3,000 cash.
14. On January 25, Drivers Line company purchased additional
cars for 500,000 It paid 250,000 in cash and signed a note
payable promising to pay 250,000

15. On January 27, the company received 300,000 on cash for


the transaction created on January 21.

16. On January 28, the company paid 10,000 For an insurance


policy covering the next 12 months.

17. On January 30, the company sold a car for 300,000 On


credit.

18. The company paid the liability created on january 18

19. On February 2, Drivers Line company sold a car for 400,000


And collected the cash directly.

20. On February 3, the company paid 5,000 for an


advertisement on cash.

21. On February 5, Mark made a 20,000 Cash withdrawal from


the company for personal use.

22. On February 6, the company purchased supplies on cash for


2,000

23. On February 7, the company sold a car for a client 300,000


on credit.

24. On February 9, The company paid 2,500 For a telephone bill


on cash.
25. On February 10, Drivers Line company received 75,000 Cash
for the transaction created on February 7.

26. On February 11, Drivers Line company sold a car for a client
400,000 on cash.

27. On February 12, the company paid an assistant 10,000 cash


as wages.

28. On February 13, Drivers Line company paid 1,000 Cash for
cleaning services.

29. On February 15, Drivers Line company expanded and bought


a building to open a new branch for 400,000 cash

30. The company paid the liability in January 18.

Need: check date, money, no. 4 money not sure, no. 18 changed , no.
22 added, no. 26 changed , no. 27 changed

You might also like