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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