I would to know how to write these transaction into the journal
The transaction will be show below as pictures
The journal template will be shown below as a screeshot:
Problem 2-2A:
Date | Accounts and Explanations | Debit | Credit |
May 2021 | $ | $ | |
1 | Equipment | 46,000 | |
Cash | 14,000 | ||
Notes Payable | 32,000 | ||
Purchase of equipment | |||
2 | Prepaid Insurance | 24,000 | |
Cash | 24,000 | ||
Purchase of annual insurance | |||
3 | Cash | 6,000 | |
Service Revenue | 6,000 | ||
Performed services for cash | |||
4 | Office Supplies | 3,750 | |
Accounts Payable | 3,750 | ||
Purchase of office supplies on account | |||
6 | Accounts Payable | 750 | |
Office Supplies | 750 | ||
Return of defective office supplies | |||
10 | Accounts Receivable | 11,500 | |
Service Revenue | 11,500 | ||
Performed services on credit | |||
15 | Accounts Payable | 3,000 | |
Cash | 3,000 | ||
Cash paid on account | |||
20 | Cash | 11,500 | |
Accounts Receivable | 11,500 | ||
Cash received on account | |||
25 | Cash | 2,500 | |
Unearned Revenue | 2,500 | ||
Advance received for services to be performed | |||
31 | Salaries Expense | 47,000 | |
Cash | 47,000 | ||
Cash paid for salaries | |||
31 | Telephone Expense | 2,250 | |
Cash | 2,250 | ||
Cash paid for telephone expense | |||
31 | Utilities Expense | 3,100 | |
Accounts Payable / Utilities Payable | 3,100 | ||
Recognized accrued utilities expense |
Problem 2 - 3B:
Date | Accounts and Explanations | Debit | Credit |
September 2021 | $ | $ | |
1 | Cash | 20,000 | |
Office Equipment | 9,200 | ||
Susan Hurley, Capital | 29,200 | ||
Cash and equipment brought in by proprietor | |||
1 | Prepaid Rent | 5,600 | |
Cash | 5,600 | ||
Payment of rent for two months | |||
2 | Office Equipment | 3,800 | |
Office Supplies | 1,380 | ||
Accounts Payable | 5,180 | ||
Purchase of equipment and supplies on credit | |||
4 | Cash | 2,900 | |
Service Revenue | 2,900 | ||
Services performed for cash | |||
8 | Accounts Receivable | 5,080 | |
Service Revenue | 5,080 | ||
Servies performed on credit | |||
10 | Accounts Payable | 5,180 | |
Cash | 5,180 | ||
Payment to suppliers on account | |||
14 | Prepaid insurance | 3,300 | |
Cash | 3,300 | ||
Prepayment of annual insurance premium | |||
15 | Prepaid Seminar Expense | 1,250 | |
Cash | 1,250 | ||
Prepayment of seminar charges | |||
18 | Cash | 5,080 | |
Accounts Receivable | 5,080 | ||
Cash received from customer on account | |||
20 | Seminar Expense | 1,250 | |
Prepaid Seminar Expense | 1,250 | ||
Expiry of seminar charge prepayment | |||
24 | Accounts Receivable | 5,000 | |
Service Revenue | 5,000 | ||
Performed services on credit | |||
28 | Susan Hurley, Withdrawals | 2,500 | |
Cash | 2,500 | ||
Cash withdrawal by proprietor | |||
29 | Office Supplies | 450 | |
Accounts Payable | 450 | ||
30 | Utilities Expense | 1,750 | |
Cash | 1,750 |
Date | Accounts | Debit | Credit |
$ | $ | ||
Mar 1 | Prepaid Rent | 9,000 | |
Cash | 9,000 | ||
Prepayment of rent | |||
Mar 15 | Prepaid Insurance | 3,000 | |
Cash | 3,000 | ||
Prepayment on annual insurance premium | |||
Mar 22 | No journal entry required | 0 | 0 |
I would to know how to write these transaction into the journal The transaction will be...
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