Ch. 4 - P2 Journal entries May General Journal 1 Cash J...

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P2 assets= Journal entries General Journal C May 1 Cash $5,000 5000 J. Munoz, Capital $5,000 400 Deposited into bank account. 1 Store Rent Expense 425 Cash 425 Rent for current month. Account 1 Insurance Expense 480 Prepaid insurance. 480 Paid premium on one year's ins. 2 Repair Equipment 4,200 Accounts Payable 4,200 Purchased repair equipment. Advertisin 5 Repair Supplies Expense 468 60 Repair Supplies 468 Purchased repair on credit. 8 Advertising expense 60 Cash 60 Paid cash for ad. 15 Cash 400 Repair Revenue 400 21 Got money from repairs Accounts Payable 225 31 Cash 225 Paid awd 31 Repair Revenue 975 Cash 975 Rec. cash for repairs J. Munoz, Capital 300 J. Munoz, Withdrawals 300 Withdrawal by owner.
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Capital- Withdrawals+reveneues- expenses ash Prepaid Insurance Repair Supplies Repair Equipment Accumulated Depreciat 425 40 480 468 4200 70 60 225 975 ts Payable J. Munoz, Capital J. Munoz, Withdrawals Income Summary Repair Revenue 4200 300 5000 300 400 425 400 70 60 480 468
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Ch. 4 - P2 Journal entries May General Journal 1 Cash J...

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