Account 1-3
The owner made an additional investment of $25,000 in cash.
cash - debit capital - credit
Provided services for $7,800 on credit.
accounts Rec. - debit fees income - credit
Issued Check 1003 for $2,100 to Den, Inc., as payment on account for Invoice 9823.
accounts pay. - debit cash - credit
Issued a check for $3,500 to pay a creditor on account.
accounts pay. - debit cash - credit
Performed services for Patricia Reed for $3,200, who paid $1,000 in cash with the balance due in 30 days.
accounts rec. - debit cash - debit fees income - credit
Purchased an automobile that will be used to visit clients; issued Check 1001 for $15,000 in full payment.
automobile -debit cash - credit
Received Invoice 1602 for $2,500 from Automotive Technicians Repair for repairs to the firm's automobile; issued Check 1009 for half the amount and arranged to pay the other half in 30 days.
automobile expenses - debit cash - cash
Collected $6,250 from credit customers.
cash - debit accounts rec. - credit
Zack Mason invested $30,000 in cash to start the firm.
cash - debit capital - credit
Performed services for $15,250 in cash.
cash - debit fees income - credit
Returned damaged supplies for a cash refund of $85.
cash - debit supplies - credit
Performed services for $7,325 in cash.
cash - debit fees income - credit
Performed services for Job Search, Inc., for $20,000; received $9,500 in cash and the client promised to pay the balance in 60 days.
cash -debit accounts rec. - debit
Withdrew $1,500 in cash for personal expenses.
drawing - debit cash - credit
Purchased new equipment for $4,600 and paid for it immediately by check.
equipment - debit cash - credit
Purchased equipment for $3,500 and supplies for $700 from Office Depot, Invoice 501; issued Check 100 for $700 as a down payment with the balance due in 30 days.
equipment - debit office supplies - debit cash -credit
Purchased a graphing calculator for $450 and some supplies for $600 from Office Supply; issued Check 1008 for the total.
equipment - debit supplies - debit cash - credit
Purchased office equipment for $3,250 on credit from Den, Inc.; received Invoice 9823, payable in 30 days.
equipment - debit accounts pay. - credit
Gave a cash refund of $750 to a customer because of a lost package. (The customer had previously paid in cash.)
fees income - debit cash - credit
Purchased machinery for $4,000 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,500 in cash as a down payment with the balance due in 30 days.
machinery - debit accounts pay. - credit cash - credit
Issued Check 1004 for $3,500 to pay the rent for September.
rent expense - debit cash - credit
Issued a check for $3,750 to pay the monthly rent.
rent expense - debit cash - credit
Purchased supplies for $3,250 on credit.
supplies - debit accounts pay. - credit
Purchased supplies for $260; paid immediately with Check 1002.
supplies - debit cash - credit
Paid $220 for monthly telephone bill, Check 1005.
telephone expense - debit cash - credit
Ryan O'Malley invested $60,000 in cash plus tools with a fair market value of $5,000 to start the business.
tools - debit cash - debit capital - credit
Sent a check for $1,050 to the utility company to pay the monthly bill.
utilities expense - debit cash - credit
On June 10, 2019, an employee of Williams Corporation mistakenly debited Telephone Expense rather than Utilities Expense when recording a bill of $2,000 for the May utility service. The error was discovered on June 30. Prepare a general journal entry to correct the error.
utilities expense - debit telephone expense - credit
