Chapter 2 Class Problems E2-19 & E2-20 pg. 92.xlsx

Chapter 2 Class Problems E2-19 & E2-20 pg. 92.xlsx -...

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Journal Date Accounts and Explanation Debit Credit Oct. 1 Cash $ 25,000.00 Common Shares $ 25,000.00 Issued $25 000 worth of common shares Oct. 2 Office Supplies $ 800.00 Accounts Payable $ 800.00 Purshased Office Supplies on account Oct. 4 Land $ 20,000.00 Cash $ 20,000.00 Paid cash for land Oct. 6 Cash $ 5,000.00 Service Revenue $ 5,000.00 Performed service for customers Oct. 9 Accounts Payable $ 100.00 Cash $ 100.00 Paid $100 on accounts payable Oct. 17 Accounts Recievable $ 1,500.00 Service Revenue $ 1,500.00 Performed service for Waterloo School Board Oct. 23 Cash $ 1,000.00 Accounts Recievables $ 1,000.00 Collected Cash on Account from Waterloo School Board Oct. 31 Salary Expense $ 1,000.00 Rent Expense $ 500.00 Cash $ 1,500.00 Paid Expenses
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Cash Common Shares $ 25,000.00 $ 20,000.00 $ 25,000.00
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