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GENERAL JOURNAL ENTRIES Sengel Moon opened The Bike Doctor. Journalize the following transactions that occurred during the month of October of the current year. Use the following journal pages: October 1–12, page 1; and October 14–29, page 2. Use the following chart of accounts: Oct. 1 Moon invested cash in the business, $15,000. 2 Paid shop rental for the month, $300. 3 Purchased bicycle parts on account, $2,000. 5 Purchased office supplies on account, $250. 8 Paid phone bill, $38. 9 Received cash for services, $140. 11 Paid a sports magazine subscription (miscellaneous expense), $15. Oct. 12 Made payment on account (see Oct. 3 transaction), $100. 14 Paid part-time employee, $300. 15 Received cash for services, $350. 16 Paid utilities bill, $48. 19 Received cash for services, $250. 23 Moon withdrew cash for personal use, $50. 25 Made payment on account (see Oct. 5 transaction), $50. 29 Paid part-time employee, $300.

BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756
BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756

Solutions

Chapter
Section
Chapter 4, Problem 4SEB
Textbook Problem

GENERAL JOURNAL ENTRIES Sengel Moon opened The Bike Doctor. Journalize the following transactions that occurred during the month of October of the current year. Use the following journal pages: October 1–12, page 1; and October 14–29, page 2. Use the following chart of accounts:

Chapter 4, Problem 4SEB, GENERAL JOURNAL ENTRIES Sengel Moon opened The Bike Doctor. Journalize the following transactions

Oct. 1 Moon invested cash in the business, $15,000.

2 Paid shop rental for the month, $300.

3 Purchased bicycle parts on account, $2,000.

5 Purchased office supplies on account, $250.

8 Paid phone bill, $38.

9 Received cash for services, $140.

11 Paid a sports magazine subscription (miscellaneous expense), $15.

Oct. 12 Made payment on account (see Oct. 3 transaction), $100.

14 Paid part-time employee, $300.

15 Received cash for services, $350.

16 Paid utilities bill, $48.

19 Received cash for services, $250.

23 Moon withdrew cash for personal use, $50.

25 Made payment on account (see Oct. 5 transaction), $50.

29 Paid part-time employee, $300.

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Chapter 4 Solutions

College Accounting, Chapters 1-27
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