Recording transactions in the general journal.
The transactions listed below took place at Cardenas Building Cleaning Service during September 2010. This firm cleans commercial buildings for a fee.
INSTRUCTIONS
Analyze and record each transaction in the general journal. Choose the account names from the chart of accounts shown below. Be sure to number the journal page 1 and to write the year at the top of the Date column.
ASSETS | REVENUE |
101 Cash | 401 Fees Income |
111 Accounts Receivable | EXPENSES |
141 Equipment | 501 Cleaning Supplies Expense |
LIABILITIES | 502 Equipment Repair Expense |
202 Accounts Payable | 503 Office Supplies Expense |
511 Rent Expense | |
OWNER’S EQUITY | 514 Salaries Expense |
301 Gladys Cardenas, Capital | 521 Telephone Expense |
302 Gladys Cardenas, Drawing | 524 Utilities Expense |
DATE | TRANSACTIONS |
Sept. 1 | Gladys Cardenas invested $12,500 in cash to start the business. |
5 | Performed services for $1,400 in cash. |
6 | Issued Check 1000 for $900 to pay the September rent. |
7 | Performed services for $1,800 on credit. |
9 | Paid $200 for monthly telephone bill; issued Check 1001. |
10 | Issued Check 1002 for $115 for equipment repairs. |
12 | Received $488 from credit clients. |
14 | Issued Checks 1003-1004 for $4,500 to pay salaries. |
18 | Issued Check 1005 for $350 for cleaning supplies. |
19 | Issued Check 1006 for $300 for office supplies. |
20 | Purchased equipment for $3,000 from Reese Equipment, Inc., Invoice 1012; issued Check 1007 for $1,000 with the balance due in 30 days. |
22 | Performed services for $2,475 in cash. |
24 | Issued Check 1008 for $215 for the monthly electric bill. |
26 | Performed services for $1,800 on account. |
30 | Issued Checks 1009-1010 for $4,500 to pay salaries. |
30 | Issued Check 1011 for $1,500 to Gladys Cardenas to pay for personal expenses. |
Analyze: How many transactions affected expense accounts?
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