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Monthly Journal Entries Overview

The document records transactions for a business, including issuing common stock to the owner, purchasing office supplies on account, paying cash for land, performing services for cash and on account, paying an account payable, paying salary and rent expenses in cash, and receiving cash on an account receivable.

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EddieTran
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10 views1 page

Monthly Journal Entries Overview

The document records transactions for a business, including issuing common stock to the owner, purchasing office supplies on account, paying cash for land, performing services for cash and on account, paying an account payable, paying salary and rent expenses in cash, and receiving cash on an account receivable.

Uploaded by

EddieTran
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Journal

DATE
Apr.

ACCOUNT TITLES AND EXPLANATION


1

Cash

DEBIT
19,800

19,800

Common Stock..............................................
Issued common stock to owner.
2

Office Supplies........................................................
Accounts Payable.........................................
Purchased office supplies on account.

200

Land

14,300

200

14,300

Cash................................................................
Paid cash for land.
6

Cash

2,600
2,600

Service Revenue...........................................
Performed services for cash.
9

17

23

Accounts Payable...................................................
Cash................................................................
Paid cash on account.

100

Accounts Receivable..............................................
Service Revenue........................................
Performed service on account.

1,900

Cash

100

100

1,900

100

Accounts Receivable....................................
Received cash on account.
30

Salary Expense........................................................
Rent Expense...........................................................
Cash................................................................
Paid cash expenses.

CREDIT

1,900
1,300
3,200

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