ACCT P2.xlsx - General Journal Date Account Title Explanation April 1 Cash Owner's Capital of cash in business(Owners investment Page J1 Credit Ref

ACCT P2.xlsx - General Journal Date Account Title...

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General Journal Page J1 Date Account Title & Explanation Ref Debit Credit April 1Cash 101 $ 20,000 Owner's Capital 301 $ 20,000 1No entry - not a transaction 2Rent Expense 729 $ 1,100 Cash 101 $ 1,100 (Paid office rent) 3Supplies 126 $ 4,000 Accounts Payable 201 $ 4,000 (Purchased supplies on account) 10Accounts Receiveable 112 $ 5,100 Service Revenue 400 $ 5,100 (Billed client for services provided) 11Cash 101 $ 1,000 Unearned Service Revenue 209 $ 1,000 (Receive cash for future services) 20Cash 101 $ 2,100 Service Revenue 400 $ 2,100 (Receive cash for services provided) 30Salaries and Wages Expenses 726 $ 2,800 Cash 101 $ 2,800 (Paid salaries) 30Accounts Payable 201 $ 2,400 Cash 101 $ 2,400 (Paid creditor on account) (Owner’s investment of cash in business)
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Ledger Accounts Cash No. 101 Date Explanation Ref. Debit Credit Balance April 1 J1 $20,000 $ 20,000 2 J1 $ 1,100 $ 18,900 11 J1 $ 1,000 $ 19,900 20 J1 $ 2,100 $ 22,000 30 J1 $ 2,800 $ 19,200 30 J1 $ 2,400 $ 16,800 Accounts Receivable No. 121 Date Explanation Ref. Debit Credit Balance April 10 J1 $ 5,100 $ 5,100 Supplies No. 126 Date Explanation Ref. Debit Credit Balance April 3 J1 $ 4,000 $ 4,000 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance April 3 J1 $ 4,000 $ (4,000) 30 J1 $ 2,400 $ (1,600)
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