General Journal | |||
Ref. | Description | Debit | Credit |
1 | Cash | 23000 | |
Common stock | 23000 | ||
To record issuance of common stock. | |||
2 | Rent expense | 1400 | |
Cash | 1400 | ||
To record payment of rent expense. | |||
3 | Office equipment | 3200 | |
Accounts payable | 3200 | ||
To record purchase of office equipment on account. | |||
4 | Supplies | 2000 | |
Cash | 2000 | ||
To record purchase of supplies. | |||
5 | Accounts receivable | 7600 | |
Service fees earned | 7600 | ||
To record professional fees billing. | |||
6 | Salaries expense | 2250 | |
Cash | 2250 | ||
To record payment of salaries expense. | |||
7 | Accounts payable | 1800 | |
Cash | 1800 | ||
To record payment on office equipment. | |||
8 | Cash | 6100 | |
Accounts receivable | 6100 | ||
To record receipt of cash from customers. | |||
9 | Dividends | 2500 | |
Cash | 2500 | ||
To record cash payment of dividends. |
NEED HELP WITH THE JOURNAL ENTRIES Transaction Analysis and Trial Balance Make T-accounts for the following...
NEED HELP WITH T-ACCOUNTS AND TRIAL BALANCE Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Mead Pet Hospital owned by R. Mead, a veterinarian Cash, Accounts Receivable, Supplies: Office Equipment Accounts Payable; Common Stock Dividends: Professional Fees Earned; Salaries Expense; and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T- accounts and key...
Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Mead Pet Hospital, owned by R. Mead, a veterinarian Cash: Accounts Receivable: Supplies Office Equipment Accounts Payable; Common Stock Dividends: Professional Fees Earned: Salaries Expense, and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T- accounts and key all entries with the number identifying the...
Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Mead Pet Hospital, owned by R. Mead, a veterinarian Cash: Accounts Receivable; Supplies Office Equipment: Accounts Payable; Common Stock Dividends: Professional Fees Earned: Salaries Expense, and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T- accounts and key all entries with the number identifying the...
Make T-accounts for the following accounts that appear in the general ledger of The Dog & Cat Hospital, owned by Kate Miller, a veterinarian: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Professional Fees Earned; Salaries Expense; and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T-accounts and key all entries with the number identifying the transaction. Finally determine the...
Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Dave Jennings, an attorney: Cash; Accounts Receivable: Office Equipment: Legal Database Subscription: Accounts Payable; Common Stock Dividends: Legal Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following October transactions in the T- accounts and key all entries with the number identifying the...
Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Dave Jennings, an attorney: Cash; Accounts Receivable: Office Equipment: Legal Database Subscription: Accounts Payable; Common Stock Dividends: Legal Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following October transactions in the T- accounts and key all entries with the number identifying the...
Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Dave Jennings, an attorney: Cash; Accounts Receivable: Office Equipment: Legal Database Subscription: Accounts Payable; Common Stock Dividends: Legal Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following October transactions in the T- accounts and key all entries with the number identifying the...
Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Dave Jennings, an attorney: Cash; Accounts Receivable: Office Equipment: Legal Database Subscription: Accounts Payable; Common Stock Dividends: Legal Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following October transactions in the T- accounts and key all entries with the number identifying the...
Transaction Analysis and Trial Balance Mary Aker opened a tax practice on June 1. The following accounts will be needed to record her transactions for June: Cas Library, Office Furniture and Fixtures; Accounts Payable; Notes Payable; Common Stock; Dividends; Professional Fees Earl Advertising Expense; Utilities Expense; and Interest Expense. The following transactions occured during the month of June June 1 Aker opened a business checking account at a local bank, investing $16,300 in her practice in exchange for common stock...
Calculator eBook 34 Show Me How Journal entries and trial balance Chart of Accounts Journal | TAccounts Unadjusted Trial Balance Final Custom Instructions Jan 1 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $10,000 2 3 4 5 6 Paid rent on office and equipment for the month, 56000 Purchased supplies on account, $3,200 Paid creditor on account, $1,750 Earned fees, receiving cash, 818,250 Paid automobile expenses (including rental charge)...