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Step-1-Journalizing

Yey finally

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7 views

Step-1-Journalizing

Yey finally

Uploaded by

keeofyourheart
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Sam Sheeran Legal Services

July
Journalizing
Date Account Titles and Explanation PR Debit Credit
July 2 Accounts payable 2 4 0 0 OO
Cash 2 4 0 0 OO
Paid cash

4 Cash 1 2 0 0 OO
Accounts Receivable 1 2 0 0 OO
Collection.

6 Office Equipment 8 4 0 0 OO
Accounts Payable 8 4 0 0 OO
Purchased additional equipment.

8 Cash 2 3 6 0 0 OO
Revenue 2 3 6 0 0 OO
Earned revenue

10 Drawings 1 2 0 0 0 OO
Cash 1 2 0 0 0 OO
Withdrew for personal use.

12 Salary Expense 1 4 0 0 0 OO
Cash 1 4 0 0 0 OO
Paid Salaries

14 Rental Expense 1 8 0 0 0 OO
Cash 1 8 0 0 0 OO
Paid rent

16 Cash 2 8 0 0 0 OO
Notes Payable - PS Bank 2 8 0 0 0 OO
Borrowed money from PS BANK

18 Accounts Receivable 2 0 0 0 0 OO
Service Revenue - client 2 0 0 0 0 OO
Earned revenue from client

20 Office Supplies 2 0 0 0 OO
Accounts Paybale - 2 0 0 0 0 OO
Purchased office supplies on account

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