Scribd
Upload
418 views2 pages

C3 - Problem 11 - Journalizing Transactions

The document lists journal entries for various transactions made by a business between October 1 and October 31. These include additional investments in the business, purchases of assets and expenses, revenue from school fees, withdrawals by the owner, and payments on accounts payable. The journal entries provide details of debits and credits to accounts for each date's transactions.

Uploaded by

Lorence John Imperial
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
418 views2 pages

C3 - Problem 11 - Journalizing Transactions

The document lists journal entries for various transactions made by a business between October 1 and October 31. These include additional investments in the business, purchases of assets and expenses, revenue from school fees, withdrawals by the owner, and payments on accounts payable. The journal entries provide details of debits and credits to accounts for each date's transactions.

Uploaded by

Lorence John Imperial
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Problem #11

Journalizing Transactions

Date Account Titles and Explanation P.R Debit Credit


2021
October 1 Cash 50,000
Java, Capital 50,000
Additional Investment

2 Prepaid Insurance 14,500


Cash 14,500
Purchased liability insurance on cash

3 Advertising Expense 3,200


Accounts Payable 3,200
Advertising Expense on account

4 Rent Expense 8,900


Cash 8,900
Payment for rent expense

7 Repair Expense 2,880


Accounts Payable 2,880
Payment for repair expense

10 Cash 62,500
School Fees 62,500
Received cash from school fees

11 Telecommunications Expense 2,300


Cash 2,300
Payment for telecommunications expense

15 Furniture 18,800
Cash 8,800
Acccounts Payable 10,000
Purchased furniture on cash and on account

18 Accounts Payable 3,200


Cash 3,200
Payment for accounts payable

21 Java, Withdrawals 8,000


Cash 8,000
Withdrawal by owner

24 Gas and Oil Expense 1,800


Accounts Payable 1,800
Gas and Oil Expense on account

25 Cash 61,400
School Fees 61,400
Deposited tuition fees on cash

27 Salaries Expense 12,000


Cash 12,000
Payment for salaries expense

28 Equipment 7,500
Accounts Payable 7,500
Purchased equipment on account

29 Cash 7,000
Accounts Receivable 7,000
Receive cash on accounts receivable

30 Utilities Expense 3,600


Cash 3,600
Payment for utilities expense

31 Miscellaneous Expense 620


Cash 620
Payment for miscellaneous expense

31 Equipment 12,300
Java, Capital 12,300
Invested equipment

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy