EXERCISE/ ACTIVITIES 1.1 - Yung Dora Catan: Transactions Debit Credit A B C D e F G H I J
EXERCISE/ ACTIVITIES 1.1 - Yung Dora Catan: Transactions Debit Credit A B C D e F G H I J
EXERCISE/ ACTIVITIES 1.1 - Yung Dora Catan: Transactions Debit Credit A B C D e F G H I J
b OPERATING CASH
EXPENSE
c CASH SERVICE REVENUE
j OPERATING SUPPLIES
EXPENSE
ASSETS
110 Cash
120 Accounts Receivable
130 Supplies
140 Office Equipment
150 Computer Software
160 Signage
LIABILITIES
210 Accounts Payable
OWNER’S EQUITY
310 Tanes, Capital
320 Tanes, Withdrawals
INCOME
410 Service Revenues
EXPENSES
510 Salaries Expense
520 Advertising Expense
530 Rent Expense
540 Utilities Expense
550 Miscellaneous Expense
JOURNAL ENTRY FOR TANES DATA ENCODERS
GENERAL JOURNAL
DATE ACCOUNT TITLES AND EXPLANAION P.R. DEBIT CREDIT
JUNE 5 Cash 110 257,000
Tanes, Capital 310 257,000
To record initial investment
JUNE 3 Office Equipment 140 17,150
Cash 110 17,150
To record acquisition of office desks and filling cabinet
JUNE 4 Office Equipment 140 59,500
Tanes, Capital 310 59,500
To record the investment of personal computer
JUNE 5 Computer Software 150 41,000
Cash 110 17,000
Accounts Payable 210 24,000
To record acquisition of computer software to San Rio
Computer Center
JUNE 6 Rent Expense 530 7,300
Cash 110 7,300
To record rental payment for the month
JUNE 10 Cash 110 7,160
Service Revenues 410 7,160
To record revenues for services rendered
JUNE 11 Signage 160 11,000
Cash 110 7,000
Accounts Payable 210 4,000
To record acquisition of panicle to Highness Whiteness
Enterprises
JUNE 15 Advertising Expense 520 5,230
Accounts Payable 210 5,230
To record receiving bill from Strong Voice News Paper for
the advertisement
JUNE 18 Supplies 130 4,290
Cash 110 4,290
To record acquisition of print paper and stationery
JUNE 20 Utilities Expense 540 2,240
Cash 110 2,240
To record electricity payment
JUNE 21 Accounts Payable 210 5,230
Cash 110 5,230
To record payment to Strong Voice News Paper for the
advertisement
JUNE 23 Cash 110 12,900
Service Revenues 410 12,900
To record revenues for services rendered
JUNE 25 Salaries Expense 510 10,400
Cash 110 10,400
To record salary payment to employees
JUNE 30 Tanes, Withdrawals 320 6,500
Cash 110 6,500
To record personal withdrawal of owner
ASSETS
110 Cash
120 Accounts Receivable
130 Office Equipment
140 Office Furniture
LIABILITIES
210 Accounts Payable
OWNER’S EQUITY
310 Estan, Capital
320 Estan, Withdrawals
INCOME
410 Professional Fees
EXPENSES
510 Salaries Expense
520 Rent Expense
530 Utilities Expense
540 Miscellaneous Expense
LEDGER ACCOUNTS/T-ACCOUNTS