Question

No Date General Journal Debit Credit 1 January 24 Cash 15,000 60,000 Accounts Receivable Service Revenue 76,000 X 2 March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash 5 September 05 Utilities Payable Cash November 24 Cash Deferred Revenue

Answer 1

No	Date	General Journal	Debit	Credit
1)	Jan-24	Cash	$ 15,000
		Accounts receivable	$ 60,000
		Service revenue(15000+60000)		$ 75,000
		(To record service revenue )
2)	Mar-13	Cash	$ 48,000
		Accounts receivable		$ 48,000
		(To record accounts receivable collected )
3)	May-06	Cash	$ 10,000
		Common stock		$ 10,000
		(To record common stock issued )
4)	Jun-30	Salaries expense	$ 32,000
		Cash		$ 32,000
		(To record salaries expenses paid )
5)	Sep-15	Utilities payable	$ 5,000
		Cash		$ 5,000
		(To record outstanding utilities paid)
6)	Nov-24	Cash	$ 8,000
		Deferred Revenue		$ 8,000
		(To record service revenue received in advance)
7)	Dec-30	Dividends	$ 2,000
		Cash		$ 2,000
		(To record cash dividends paid )
	Dec-31	Depreciation expense	$ 6,000
		Accumulated depreciation		$ 6,000
		(To record adjusting entry for depreciation expense)
	Dec-31	Supplies expense {$3,000 - $ 1000 )	$ 2,000
		Supplies		$ 2,000
		(To record supplies expense )
	Dec-31	Deferred Revenue	$ 6,000
		Service Revenue		$ 6,000
		(To record service revenue earned )
	Dec-31	Utilities expense	$ 7,000
		Utilities payable		$ 7,000
		(To record utilities expense )