Accounting - Module 9 - Copy.docx - Accounting Module 9 Try...

Accounting
Module 9
Try This!
Record and post the following transactions:
Here are the transactions recorded for DFT Mini-Store
Jan.
1 Mr. ABC Invest 500,000 to start the business.
3 Purchase supplies worth 20,000
5 Rendered service and earn 2,500
7 Purchase tables and chairs on credit from T.M Alonzo 8,000
8 Rendered service on credit for A. Cruz worth 1,250
9 Rendered service worth 500
11 Purchase additional supplies, 2,670
15 Pay workers salary, 3,500
18 Rendered service on credit for J.G Thomas amounting to 2,500
19 Receive 500 from A. Cruz
20 Pay the 3,000 for the tables and chairs previously purchased on credit.
25 Pay electric bill, 1,000
28 Withdraw 3,500 for personal use
29 Pay Salary of workers 3,500
30 Purchase supplies on credit from A. Vintura, 1,250
Journal Entries
Date Pos
t
Ref.
Debit
Credit
January 1 Cash 500 0 0 0 0
0
ABC, Capital 500 0 0 0 0
0
To record investment of Mr. ABC
3 Supplies Inventory 20 0 0 0 0
0
Cash 20 0 0 0 0
0
To record purchase of supplies
5 Cash 2 5 0 0 0
0
Service Revenue 2 5 0 0 0
0
To record service revenue
7 Furnitures and Fixtures 8 0 0 0 0
0
A/P, T.M. Alonzo 8 0 0 0 0
0
To record purchase of tables and
chairs on credit
8 A/R, A. Cruz 1 2 5 0 0
0