Question

APPLY YOUR SKILLS 4-2 Create Purchase and Expense Transactions Sadie has left you some receipts for payment made and a few bills to enter. She has written notes so you know which account to record the transaction in. In thus exercise, you will create the transactions for these receipts and bills. (Hint: You may need to add vendors and accounts.) 1. Review the list and then create the necessary transactions

Answer 1

Below are the Journal entries in books:

Date	Particulars & Narration	Ref.	Debit	Credit
7/30/2021	Office supplies & software		37.88
	Bank account			37.88
	(Debit card transaction for purchase of Office supplies & software)
7/28/2021	Office supplies & software		25.66
	Bank account			25.66
	(Debit card transaction for purchase of Office supplies & software)
7/25/2021	Meals and Entertainment		45
	Credit Card account			45
	(Credit card transaction for purchase of Meals and entertainment)
7/28/2021	Equipment Rental		389.1
	Credit Card account			389.1
	(Credit card transaction for rentals)
7/27/2021	Postage		47
	Credit Card account			47
	(Credit card transaction for Post stamps purchase)
7/30/2021	Utilities		16.84
	Sundown District Water			16.84
	(Utilitues usage from 7/20/2021 to 7/28/2021)
7/30/2021	Office supplies & software		48.96
	PetEdge			48.96
	(Pooch supplies purchase from PetEdge)
7/28/2021	Marketing		108
	Designs for You			108
	(Business Cards purchase form Designs for You)
8/5/2021	Dues and Subscription		250
	District chamber of commerce			250
	(District chamber of commerce membership)

If the period of membership is available for last transaction, then the same can be moved to "Prepaid account" instead of "Dues and subscription" & monthly cost can be recognized to "Dues and Subscription"