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Journal Assignment

This document contains a journal for various business transactions recorded throughout May. It records advertising expenses paid on account, supplies purchased on credit, initial investment in office equipment, revenue received from deliveries, repair expenses incurred on account, payment of supplies account, payment of salaries, cash received from miscellaneous services, cash received for reimbursed fuel expenses, billing a customer for services, and a withdrawal from the business by the owner Pineda.

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Anaisur John Carl
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31 views

Journal Assignment

This document contains a journal for various business transactions recorded throughout May. It records advertising expenses paid on account, supplies purchased on credit, initial investment in office equipment, revenue received from deliveries, repair expenses incurred on account, payment of supplies account, payment of salaries, cash received from miscellaneous services, cash received for reimbursed fuel expenses, billing a customer for services, and a withdrawal from the business by the owner Pineda.

Uploaded by

Anaisur John Carl
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Journalizing

Date Particulars Debit Credit


May 3 Advertising expense 18,500
Account payable 18,500
To record advertisement on account
6 Supplies expense 8,800
Account payable 8,800
To record brought of supplies on credit
15 Office equipment 52,500
Penida, Capital 52,500
To record initial investment
17 Account receivable 61,800
Delivery revenue 61,800
To record received cash for delivery revenue
22 Repair expense 8,500
Account receivable 8,500
To record expense for repair services
26 Accounts payable 8,800
Supplies expense 8,800
To record liabilities that was paid in full
29 Salaries expense 21,000
Cash 21,000
To record payment for salaries
30 Cash 39,000
Miscellaneous expense 39,000
To record received cash for service performed
31 Cash 12,500
Gas and oil expense 12,500
To record received cash for payment gasoline and oil
related to service vehicle
31 Account receivable 45,000
Delivery revenue 45,000
To record received bill for service performed
31 Pineda, withdrawals 14,500
Cash 14,500
To record pineda withdrawal for personal use

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