Homework Answers
| Journal Entry | |||
| Date | Explanation | Debit | credit |
| 1-Nov | cash | 11000 | |
| common stock | |||
| 2-Nov | equipment | 1500 | |
| notes payable | 1500 | ||
| 4-Nov | supplies | 1100 | |
| accounts payable | 1100 | ||
| 10-Nov | accounts receivables | 7000 | |
| service revenue | 7000 | ||
| 15-Nov | accounts payable | 1200 | |
| cash | 1200 | ||
| 20-Nov | salary expense | 1000 | |
| cash | 1000 | ||
| 22-Nov | cash | 9000 | |
| service revenue | 9000 | ||
| 24-Nov | notes payable | 600 | |
| cash | 600 | ||
| 26-Nov | cash | 5000 | |
| accounts recivables | 5000 | ||
| 28-Nov | utility expense | 1200 | |
| cash | 1200 | ||
| 30-Nov | rent expense | 3000 | |
| cash | 3000 | ||
| T ACCOUNT | |||
| cash | |||
| balance | 1200 | accounts payable | 1200 |
| common stock | 11000 | salary expense | 1000 |
| service revenue | 9000 | rent expense | 3000 |
| accounts receivables | 5000 | utility expense | 1200 |
| balance | 19800 | ||
| Equipment | |||
| balance | 7400 | Balance | 8900 |
| notes payable | 1500 | ||
| supplies | |||
| balance | 500 | Balance | 1600 |
| accounts payable | 1100 | ||
| Accounts receivables | |||
| balance | 400 | cash | 5000 |
| service revenue | 7000 | Balance | 2400 |
| salary expense | |||
| cash | 1000 | balance | 1000 |
| rent expense | |||
| cash | 3000 | balance | 3000 |
| common stock | |||
| Balance | 16600 | balance | 5000 |
| cash | 11000 | ||
| notes payable | 600 | ||
| notes payable | |||
| cash | 600 | balance | 2000 |
| balance | 2900 | equipment | 1500 |
| Accounts payable | |||
| cash | 1200 | balance | 1000 |
| balance | 900 | supplies | 1100 |
| service revenue | |||
| balance | 16000 |
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