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August 1: Receipt #7 showing cash received from owner, Simon Says, as an investment, $40,000 August 2: Check # 10 showing cash paid cash for rent, $500 August 2: Purchase invoice #120 for equipment purchased on account from EJ Equipment, $4,000 August 4: Receipt #8 showing cash received on account from customer Ralph Monroe, $2,000 August 4: Receipt #9 showing cash received on account from customer Susan Adams, $1,000 August 5: Check #11 showing cash paid for utilities, $100 August 8: Check #12 showing cash paid on EJ Equipment account, $3,000 August 8: Check #13 showing cash paid for advertising, $400 August 9: Purchase invoice #490 showing supplies purchased on account from Sarasota Supply, $750 August 11: Sales invoice #10 showing services sold on account to customer Ed Moore, $4,000 August 11: Check #14 showing cash paid to owner for personal use, $3,000 August 20: Check #15 showing cash paid on account to Sarasota Supply vendor, $750 August 20: Receipt #10 showing cash received on account from customer Ed Moore, $2,000 August 30: Check # 16 showing cash paid in advance for one year's insurance coverage, $800 August 30: Check #17 showing cash paid for miscellaneous expenses, $500 When completed, save with the file and turn in with directions

August 1: Receipt #7 showing cash received from owner, Simon Says, as an investment, $40,000 August 2: Check # 10 showing cash paid cash for rent, $500 August 2: Purchase invoice #120 for equipment purchased on account from EJ Equipment, $4,000 August 4: Receipt #8 showing cash received on account from customer Ralph Monroe, $2,000 August 4: Receipt #9 showing cash received on account from customer Susan Adams, $1,000 August 5: Check #11 showing cash paid for utilities, $100 August 8: Check #12 showing cash paid on EJ Equipment account, $3,000 August 8: Check #13 showing cash paid for advertising, $400 August 9: Purchase invoice #490 showing supplies purchased on account from Sarasota Supply, $750 August 11: Sales invoice #10 showing services sold on account to customer Ed Moore, $4,000 August 11: Check #14 showing cash paid to owner for personal use, $3,000 August 20: Check #15 showing cash paid on account to Sarasota Supply vendor, $750 August 20: Receipt #10 showing cash received on account from customer Ed Moore, $2,000 August 30: Check # 16 showing cash paid in advance for one year's insurance coverage, $800 August 30: Check #17 showing cash paid for miscellaneous expenses, $500 When completed, save with the file and turn in with directions

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter3: Journalizing Transactions
Section: Chapter Questions
Problem 3AP
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Create a general journal entry for all of these transactions included.
Aččounting1Sec02Fall21 August 1: Receipt #7 showing cash received from owner, Simon Says, as an investment, $40,000 August 2: Check # 10 showing cash paid cash for rent, $500 August 2: Purchase invoice #120 for equipment purchased on account from EJ Equipment, $4,000 August 4: Receipt #8 showing cash received on account from customer Ralph Monroe, $2,000 August 4: Receipt #9 showing cash received on account from customer Susan Adams, $1,000 August 5: Check #11 showing cash paid for utilities, $100 August 8: Check #12 showing cash paid on EJ Equipment account, $3,000 August 8: Check #13 showing cash paid for advertising, $400 August 9: Purchase invoice #490 showing supplies purchased on account from Sarasota Supply, $750 August 11: Sales invoice #10 showing services sold on account to customer Ed Moore, $4,000 August 11: Check #14 showing cash paid to owner for personal use, $3,000 sment August 20: Check #15 showing cash paid on account to Sarasota Supply vendor, $750 August 20: Receipt #10 showing cash received on account from customer Ed Moore, $2,000 on August 30: Check #16 showing cash paid in advance for one year's insurance coverage, $800 August 30: Check #17 showing cash paid for miscellaneous expenses, $500 ne When completed, save with the file and turn in with directions below.
Transcribed Image Text:Aččounting1Sec02Fall21 August 1: Receipt #7 showing cash received from owner, Simon Says, as an investment, $40,000 August 2: Check # 10 showing cash paid cash for rent, $500 August 2: Purchase invoice #120 for equipment purchased on account from EJ Equipment, $4,000 August 4: Receipt #8 showing cash received on account from customer Ralph Monroe, $2,000 August 4: Receipt #9 showing cash received on account from customer Susan Adams, $1,000 August 5: Check #11 showing cash paid for utilities, $100 August 8: Check #12 showing cash paid on EJ Equipment account, $3,000 August 8: Check #13 showing cash paid for advertising, $400 August 9: Purchase invoice #490 showing supplies purchased on account from Sarasota Supply, $750 August 11: Sales invoice #10 showing services sold on account to customer Ed Moore, $4,000 August 11: Check #14 showing cash paid to owner for personal use, $3,000 sment August 20: Check #15 showing cash paid on account to Sarasota Supply vendor, $750 August 20: Receipt #10 showing cash received on account from customer Ed Moore, $2,000 on August 30: Check #16 showing cash paid in advance for one year's insurance coverage, $800 August 30: Check #17 showing cash paid for miscellaneous expenses, $500 ne When completed, save with the file and turn in with directions below.
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