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ACC 211 - T ACCOUNT DEMONSTRATION PROBLEM October of 2014. Daye Dreamer started a catering business, specializing in wedding

prepare journal entries
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Answer #1

(in $)

Date Particulars Amount(Dr.) Amount(Cr.)
1 Oct.

Inventory A/c Dr

To Capital A/c

10000 10000
3 Oct

Equipment a/c Dr.

To Creditors for equipment/Vendor

3200 3200
6 Oct

Advertisement Expense A/c Dr.

To Cash

250 250
10 Oct

Purchases A/c Dr.

To Cash

500 500
21 Oct

Cash A/c Dr.

To Debtor/ Vendor/Sales

1000 1000
24 Oct

Creditors for equipment/Vendor A/c Dr.

To Cash

800 800
26 Oct

Debtors A/c Dr.

To Sales

2000 2000
29 Oct

Wages A/c Dr.

To Cash

400 400
30 Oct

Cash A/c Dr.

To Debtors

300 300
31 Oct

Cash a/c Dr.

   To Dividend income on investment

600 600
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