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September Accounting Entries Summary

1. On September 1st, $50,000 cash was deposited into the bank/cash account from capital. 2. On September 10th, land and buildings worth $183,400 were purchased by paying $36,500 cash and taking out a $145,900 note payable. 3. Various other transactions occurred through September 30th involving the purchase of computer systems, office furnishings, and the payment and collection of accounts payable and receivable.

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Qasim Farooq
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27 views3 pages

September Accounting Entries Summary

1. On September 1st, $50,000 cash was deposited into the bank/cash account from capital. 2. On September 10th, land and buildings worth $183,400 were purchased by paying $36,500 cash and taking out a $145,900 note payable. 3. Various other transactions occurred through September 30th involving the purchase of computer systems, office furnishings, and the payment and collection of accounts payable and receivable.

Uploaded by

Qasim Farooq
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

Entries

Date

Description

1-Sep Bank/Cash
Capital
10-Sep Land & Buildings
Cash
Notes payable
15-Sep Microcomputer systems
Cash
19-Sep Office furnishings
Cash
Accounts payable
26-Sep Accounts receivable
Microcomputer systems
28-Sep Accounts payable
Cash

Dr

Cr
50000
50000

1-Sep
30-Sep

182400
36500
145900
4680
4680
10-Sep
10-Sep

5760
960
4800
140

Mi
15-Sep

140
1600

A
1600
26-Sep

30-Sep Cash
Accounts Receivable

140
140

T-Accounts

Bank/Cash
Capital
A/c Rec

50000 10-Sep
140 15-Sep
19-Sep
28-Sep

Capital
L&B
MCS
Off. Furn.
A/c payab

36500
4680
960
1600

Land & Buildings


Cash
Notes pay

Notes Paya

36500
145900

Microcomputer Systems
Cash

4680 26-Sep

Office Furnis

A/c rec

140

19-Sep
19-Sep

Cash
A'c payab

Accounts Receivable
MCS

140 30-Sep

Accounts Pay
Cash

140

28-Sep

Cash

Capital
1-Sep

Bank/cash

50000

Notes Payable
10-Sep

L&B

145900

Office Furnishings
960
4800
Accounts Payable
1600 19-Sep

Off. Furn.

4800

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