Question

how would this be turned into a general journal ?

o listi ucos to complete lic account Eli's Consulting Services Chart of Accounts Revenue 401 Fees Income Assets 101 Cash 111 Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142 Accumulated Depreciation-Equipment Expenses 511 Salaries Expense 514 Utilities Expense 517 Supplies Expense 520 Rent Expense 523 Depreciation Expense-Equipment 526 Advertising Expense 529 Maintenance Expense 532 Telephone Expense 535 Insurance Expense Liabilities 202 Accounts Payable Owner's Equity 301 Trayton Eli, Capital 302 Trayton Eli, Drawing 309 Income Summary

Answer 1

Eli's Consulting Services
Journal entries
Date	Account	Debit	Credit	Calculation
2-Jan	Supplies	7,000
	Cash		7,000
2-Jan	Prepaid Insurance	8,400
	Cash		8,400
7-Jan	Cash	20,000
	Accounts Receivable	5,000
	Fees Income		25,000
12-Jan	Cash	4,000
	Accounts Receivable		4,000
12-Jan	Advertising expense	3,600
	Cash		3,600
13-Jan	Cash	4,500
	Accounts Receivable		4,500
14-Jan	Cash	750
	Supplies		750
15-Jan	Cash	20,700
	Accounts Receivable	2,300
	Fees Income		23,000
20-Jan	Supplies	5,000
	Accounts Payable		5,000
20-Jan	Cash	12,500
	Accounts Receivable	3,500
	Fees Income		16,000
20-Jan	Cash	5,600
	Accounts Receivable		5,600
21-Jan	Maintenance expense	7,065
	Cash		7,065
22-Jan	Advertising expense	3,600
	Cash		3,600
23-Jan	Telephone expense	1,025
	Cash		1,025
26-Jan	Cash	1,600
	Accounts Receivable		1,600
27-Jan	Accounts Payable	3,000
	Cash		3,000
28-Jan	Utilities expense	2,675
	Cash		2,675
29-Jan	Cash	19,000
	Accounts Receivable	2,750
	Fees Income		21,750
31-Jan	Salaries expense	32,800
	Cash		32,800
31-Jan	Trayton Eli, Drawing	12,000
	Cash		12,000
31-Jan	Maintenance expense	4,150
	Cash		4,150
31-Jan	Equipment	15,000
	Cash		10,000
	Accounts Payable		5,000
31-Jan	Cash	7,600
	Accounts Receivable	1,620
	Fees Income		9,220
Adjusting entries
31-Jan	Insurance expense	700		=8,400/12
	Prepaid Insurance		700
31-Jan	Depreciation expense	250		=15,000/5*1/12
	Accumulated Depreciation-Equipment		250