Matthew_McCoy_Problem 2-2A

Matthew_McCoy_Problem 2-2A - MatthewMcCoy Problem22A. Date...

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Matthew McCoy Problem 2-2A. General Journal Date Account Titles and Explanation PR Debit Credit 2009 Mar. 1 Cash 101 180,000 Office equipment 163 30,000              D. Brooks, Capital 301 210,000       Owner's investment. Mar. 2 Prepaid rent 131 8,000               Cash 101 8,000       Prepaid rent for 6 months. Mar. 3 Office equipment 163 3,300 Office supplies 124 1,400               Accounts payable 201 4,700 Mar. 6 Cash 101 6,000                Services revenue 403 6,000       For completed services Mar. 9 Accounts receivable 106 9,200                Services revenue 403 9,200       To record revenue for services provided on account. Mar. 12 Accounts payable 201 4,700                Cash 101 4,700       Payment on accounts payable from Mar. 3 Mar. 19 Prepaid insurance 128 7,500                Cash 101 7,500       Premium payment for a 12-month insurance policy. Mar. 22 Cash 101 4,300                Accounts receivable 106 4,300       To record cash received as payment on account. Mar. 25 Accounts receivable 106 3,590                Services revenue 403 3,590       To record revenue for services provided on account. Mar. 29 D. Brooks, Withdrawals 302 4,900                 Cash 101 4,900       Cash withdrawal by owner. Mar. 30 Office supplies 124 1,700                 Accounts payable 201 1,700       Purchased additional office supplies on credit. Mar. 31 Utilities expense 690 500                  Cash 101 500        Paid utility bill for March.
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General Ledger Cash                            Account No. 101 Date             PR
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This note was uploaded on 09/24/2011 for the course ACCT 212 taught by Professor Sheik during the Spring '11 term at Mountain State.

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Matthew_McCoy_Problem 2-2A - MatthewMcCoy Problem22A. Date...

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