Accounting 1- 2.01
Paid cash on account to Avis supply company $500
debit accounts payable Avis supply company credit cash
Paid cash on account to vendor jones supply, $1000
debit accounts payable jones supply credit cash
James discovered a transaction for advertising expense was posted in error as a debit to miscellaneous expense, $200. What is the entry to correct the error?
debit advertising expense $200 credit miscellaneous expense $200
Paid $150 for advertising
debit advertising expense credit cash
Paid cash for newspaper advertisement $200
debit advertising expense credit cash
Hans Schmidt invested $2000 of his own money into the business
debit cash credit Hans Schmidt capital
Received cash on account from Burke supply for $800
debit cash credit accounts receivable Burke supply
Received cash on account from bill's limos for $500
debit cash credit accounts receivable bill's limos
Received cash from owner Dana Jackson as investment, $5000
debit cash credit dana Jackson, capital
Received bike rental fees, $375
debit cash credit rental fees
Received cash from sales $150
debit cash credit sales
Received cash from sales, $250
debit cash credit sales
Received cash from sales, $2500
debit cash credit sales
Paid cash to john smith, owner for personal use, $500
debit john smith drawing credit cash
Paid cash to mark Johnson, owner for personal use $900
debit mark Johnson drawing credit cash
Paid cash for a delivery (miscellaneous expense), $25
debit miscellaneous expense credit cash
Paid cash for miscellaneous expense, $400
debit miscellaneous expense credit cash
Paid cash for an office desk, $250
debit office equipment credit cash
Paid cash for insurance, $200
debit prepaid insurance credit cash
Paid cash for insurance, $400
debit prepaid insurance credit cash
Paid cash for rent $700
debit rent expense credit cash
Paid cash for rent, $1000
debit rent expense credit cash
Paid cash to repair office equipment $250
debit repair expense credit cash
Paid cash for repairs, $95
debit repairs expense credit cash
Bought supplies on account from Steinman company, $75
debit supplies credit accounts payable Steinman company
Bought supplies on account from jones supply company,$250
debit supplies credit accounts payable jones supply company
Paid cash for computer paper
debit supplies credit cash
Paid cash for printer cartridges
debit supplies credit cash
Paid the gas bill, $125
debit utilities expense credit cash
Paid the telephone bill, $125
debit utilities expense credit cash
Bill James discovered transaction for utilities expense was journalized and posted in error as a debit to repair expense, $250. What is the entry to correct the error?
debit utilizes expense $250 credit repairs expense $250
Journal column total general debit, $500; general credit, $200; sales credit, $750; cash debit,$1000; cash credit,$600
journal does not prove
Journal column totals are general debit, $500; general credit, $200; sales credit, $350; cash debit, $1000; cash credit, $950
journal proves
William has almost finished updating supplies account at the end of the month. He has transferred all info in general journal to general ledger. Which is last step to do?
record an account number in the journal
Posting journal entries to general ledger. he calculated new account balance in credit column for sales, what is next step?
record the account number that the entry was posted to in the journal in the post reference column
