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DR CR

This document contains a series of journal entries made throughout July by a photography business. It records transactions including equipment purchases, revenue, expenses, and payments of accounts payable and receivable. The last entry was made on July 31st to pay salary expense in cash.

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Kayle Mallillin
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52 views

DR CR

This document contains a series of journal entries made throughout July by a photography business. It records transactions including equipment purchases, revenue, expenses, and payments of accounts payable and receivable. The last entry was made on July 31st to pay salary expense in cash.

Uploaded by

Kayle Mallillin
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
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Jul-01

Dr Cr
Cash 300,000
Photography equipment 70.000

Office equipment 28,000

Photography supplies 14,000

Notes payable 12,000

Amine, Capital 400,000

Jul-04

Prepaid rent 30,000


Cash 30,000

Jul-06

Advertising expense 5.500

Accounts payable 5.500

Jul-08

Photography equipment 40, 000


Cash 12,000
Accounts payable 28,000

Jul-12
NO journal entry needed

Jul-13
Cash 45,000
Accounts receivable 135,000
Photography services revenue 180,000

Jul-14

Furniture and fixtures 30,000


Accounts payable 30,000

Jul-15

Representation expense 4,000

Utilities expense 29.000

Repairs expense 2.500

Cash 35.000

Jul-18

Accounts receivable 135,000


Notes receivable 45,000
Photography services revenue 180,000

Jul-20

Cash 60,000
Advances from clients 60,000

Jul-22
Cash 121,500
Accounts receivable 121,500

Jul-24

Accounts Payable 5,500


Cash 5,500

Jul-26
Accounts payable 28,000

Cash 22, 400


Notes payable 5,600

Jul-28

Accounts payable 15,000


Cash 15,000

Jul-31

Salary expense 3,097


Cash 3,097

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