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Transocean Shipping's General Journal

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Record the transactions in Transocean Shipping's general journal.

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Solution Summary

This solution is comprised of journal entries to record the transactions in Transocean Shipping's general journal.

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Record the transactions in Transocean Shipping's general journal. Please find the response as follows:

Jan. 9, 2004 Equipment 20,000
Note Payable 20,000

Jan. 29, 2004 Accounts Receivable 30,000
Cash 10,000
State Sales Tax 2,400
Sales 40,000
State Sales Tax Payable ...

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