Date General Journal Debit Credit April 01 Cash 17,000,000 Owner's Capital 17,000,000 (To record invested amount in business.) April 02 Prepaid rent 12,000 Cash 12,000 (To record payment made in advance for rent.) April 05 Equipment (Delivery trucks) 950,000 Cash 950,000 (To record purchase of equipment on cash.) April 06 Cash 60,250 Delivery service revenue 60,250 (To record Delivery service revenue on cash.) April 07 Accounts receivable 50,150 Delivery service revenue 50,150 (To record Delivery service revenue on account.) April 08 office Equipment 122,000 Accounts payable (To record purchase of equipment.) 122,000 April 09 Supplies 3,200 Cash 3,200 (To record purchase of supplies.) April 12 Accounts receivable 27,000 Delivery service revenue 27,000 (To record Delivery service revenue on account.) April 15 Cash 50,200 Owner's Capital (To record invested amount in business.) 50,200 April 15 Salaries expense 8,400 Cash 8,400 (To record salaries expense paid.) April 18 Advertising expense 3,510 Cash 3,510 (To record advertising expense paid.) April 20 Cash 4,500 Accounts receivable 4,500 (To record cash collected from customer.) April 21 Advertising expense 1,500 Cash 1,500 (To record advertising expense paid.) April 25 Oil and Gas expense Cash 650 650 (To record Oil and Gas expense paid.)
Date General Journal Debit Credit April 01 Cash 17,000,000 Owner's Capital 17,000,000 (To record invested amount in business.) April 02 Prepaid rent 12,000 Cash 12,000 (To record payment made in advance for rent.) April 05 Equipment (Delivery trucks) 950,000 Cash 950,000 (To record purchase of equipment on cash.) April 06 Cash 60,250 Delivery service revenue 60,250 (To record Delivery service revenue on cash.) April 07 Accounts receivable 50,150 Delivery service revenue 50,150 (To record Delivery service revenue on account.) April 08 office Equipment 122,000 Accounts payable (To record purchase of equipment.) 122,000 April 09 Supplies 3,200 Cash 3,200 (To record purchase of supplies.) April 12 Accounts receivable 27,000 Delivery service revenue 27,000 (To record Delivery service revenue on account.) April 15 Cash 50,200 Owner's Capital (To record invested amount in business.) 50,200 April 15 Salaries expense 8,400 Cash 8,400 (To record salaries expense paid.) April 18 Advertising expense 3,510 Cash 3,510 (To record advertising expense paid.) April 20 Cash 4,500 Accounts receivable 4,500 (To record cash collected from customer.) April 21 Advertising expense 1,500 Cash 1,500 (To record advertising expense paid.) April 25 Oil and Gas expense Cash 650 650 (To record Oil and Gas expense paid.)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter3: Accrual Accounting
Section: Chapter Questions
Problem 28BE: Brief Exercise 3-28 Accrual- and Cash-Basis Accounting The following are several transactions for...
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on the photo provided, these are the journalized entries. provide their ledger accounts. use T accounts.
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