Question

Journalize step by step the following transactions for JD TOP Associations, Inc incurred during the month of July19x4 (assume accrual basis):

G-lul Intin capital deposted in bank 10- Mice supplies purchased paying $1000 with balance on count 20-1 Bling to Jones County Board of Education 25-ul Solaries-emloyee Benrol 2-M Padone for computer u Cost of expended up

Answer 1

Journal Entries Date Account Title and Explaination Post. Ref. Debit (S) Credit (S) Jul.6 $ 12,000.00 Cash JD TOP Associates, Capital (To record Cash invested into Business) $ 12,000.00 Jul. 10 250.00 Office Supplies Cash (To record Office Supplies Purchased) 250.00 Jul.12 $ 3,500.00 Computer Cash Accounts Payable (To record Computer purchased and cash paid for part of due and remaining payable) 1,000.00 2,500.00 Jul.15 425.00 Rent Expense Rent Payable (To record Rent expense) 425.00

1,255.00 Accounts Receivable Service Revenue |(To record Service Provided on account) 1,255.00 Jul.25 655.00 Salaries Expense Salaries Payable (To record Salaries Expense) 655.00 Jul.28 800.00 Accounts Payable Cash (To record Payment of Payables) $ 800.00 Jul.30 145.00 Office Supplies Expense Office Supplies |(To record adjusting entry for expensed office supplies) 145.00