accounting journal entry practice
paid $1,200 on your account with Lowe's
accounts payable: $1,200 (debit) cash: $1,200 (credit)
paid $1,200 on our account with a supplier
accounts payable: $1,200 (debit) cash: $1,200 (credit)
paid $400 on accounts payable
accounts payable: $400 (debit) cash: $400 (credit)
performed services for a customer on account $2,600
accounts receivable: $2,600 (debit) service revenue: $2,600 (credit)
performed services for a customer on account, $8,000
accounts receivable: $8,000 (debit) service revenue: $8,000 (credit)
performed services for customers receiving $1,400
cash: $1,400 (debit) service revenue: $1,400 (credit)
received $1,500 for services to be performed next month
cash: $1,500 (debit) unearned service revenue: $1,500 (credit)
received $1500 for 3 months of service to be performed starting next month
cash: $1,500 (debit) unearned service revenue: $1,500 (credit)
performed service for customer and received cash $2,600
cash: $2,600 (debit) service revenue: $2,600 (credit)
received $20,000 cash and issued common stock
cash: $20,000 (debit) common stock: $20,000 (credit)
received $29,000 cash and issued common stock
cash: $29,000 (debit) common stock: $29,000 (credit)
received $3,100 from customer as a payment on the customers account
cash: $3,100 (debit) accounts receivable: $3,100 (credit)
borrowed $45,000 from the bank and signed a note payable
cash: $45,000 (debit) notes payable: $45,000 (credit)
borrowed $7,000 cash signing a notes payable
cash: $7,000 (debit) notes payable: $7,000 (credit)
cash dividends of $1,000 were paid to stockholders
dividends: $1,000 (debit) cash: $1,000 (credit)
cash dividend of $1,800 was paid to stockholders
dividends: $1,800 (debit) cash: $1,800 (credit)
purchased equipment on account $2,100
equipment: $2,100 (debit) accounts payable: $2,100 (credit)
paid cash of $40,000 to acquire land
land: $40,000 (debit) cash: $40,000 (credit)
purchased medical supplies on account, $18,000
medical supplies: $18,000 (debit) accounts payable: $18,000 (credit)
purchased office supplies on account, $300
office supplies: $300 (debit) accounts payable: $300 (credit)
purchased office supplies for $800 and payed cash
office supplies: $800 (debit) cash: $800 (credit)
paid monthly office rent of $2,600
rent expense: $2,600 (debit) cash: $2,600 (credit)
paid rent of $400
rent expense: $400 (debit) cash: $400 (credit)
paid rent expense for month $900
rent expense: $900 (debit) cash: $900 (credit)
paid monthly salary to salesman, $2,000
salary expense: $2,000 (debit) cash: $2,000 (credit)
paid salary expense of $3,000
salary expense: $3,000 (debit) cash: $3,000 (credit)
purchased supplies on account, $14,000
supplies: $14,000 (debit) accounts payable: $14,000 (credit)
received a $200 utility bill that will be paid next month
utilities expense: $200 (debit) utilities payable: $200 (credit)
paid utilities expense of $400
utilities expense: $400 (debit) cash: $400 (credit)
received a utility bill of $180 to be paid next month
utility expense: $180 (debit) utility payable: $180 (credit)
