Problem 4.1A
Recording transactions in the general journal.
The transactions that follow took place at Leisure Times Recreation Center during September 2010. This firm has indoor courts where customers can play tennis for a fee. It also rents equipment and offers tennis lessons.
INSTRUCTIONS
Record each transaction in the general journal, using the following chart of accounts. Be sure to number the journal page 1 and to write the year at the top of the Date column. Include a description for each entry.
ASSETS | REVENUE |
101 Cash | 401 Fees Income |
111 Accounts Receivable | EXPENSES |
121 Supplies | 511 Equipment Repair Expense |
141 Equipment | 512 Rent Expense |
LIABILITIES | 513 Salaries Expense |
202 Accounts Payable | 514 Telephone Expense |
OWNER’S EQUITY | 517 Utilities Expense |
301 Patrice Rebello, Capital |
|
302 Patrice Rebello, Drawing |
|
DATE | TRANSACTIONS |
Sept. 1 | Issued Check 1169 for $700 to pay the September rent. |
5 | Performed services for $1,250 in cash. |
6 | Performed services for $1,088 on credit. |
10 | Paid $300 for monthly telephone bill; issued Check 1170. |
11 | Paid for equipment repairs of $420 with Check 1171. |
12 | Received $1,600 on account from credit clients. |
15 | Issued Checks 1172-1177 for $2,100 for salaries. |
18 | Issued Check 1178 for $1,000 to purchase supplies. |
19 | Purchased new tennis rackets for $1,125 on credit from The Tennis |
| Supply Shop; received Invoice 3108, payable in 30 days. |
20 | Issued Check 1179 for $1,380 to purchase new nets. (Equip.) |
21 | Received $425 on account from credit clients. |
21 | Returned a damaged net and received a cash refund of $424. |
22 | Performed services for $1,630 in cash. |
23 | Performed services for $2,405 on credit. |
26 | Issued Check 1180 for $230 to purchase supplies. |
28 | Paid the monthly electric bill of $1,150 with Check 1181. |
30 | Issued Checks 1182-1187 for $2,100 for salaries. |
30 | Issued Check 1188 for $2,000 cash to Patrice Rebello for personal expenses. |
Analyze: If the company paid a bill for supplies on October 1, what check number would be included in the journal entry description?
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