August 1: Receipt #7 showing cash received from owner, Simon Says, as an investment, $40,000 August 2: Check # 10 showing cash paid cash for rent, $500 August 2: Purchase invoice #120 for equipment purchased on account from EJ Equipment, $4,000 August 4: Receipt #8 showing cash received on account from customer Ralph Monroe, $2,000 August 4: Receipt #9 showing cash received on account from customer Susan Adams, $1,000 August 5: Check #11 showing cash paid for utilities, $100 August 8: Check #12 showing cash paid on EJ Equipment account, $3,000 August 8: Check #13 showing cash paid for advertising, $400 August 9: Purchase invoice #490 showing supplies purchased on account from Sarasota Supply, $750 August 11: Sales invoice #10 showing services sold on account to customer Ed Moore, $4,000 August 11: Check #14 showing cash paid to owner for personal use, $3,000 August 20: Check #15 showing cash paid on account to Sarasota Supply vendor, $750 August 20: Receipt #10 showing cash received on account from customer Ed Moore, $2,000 August 30: Check # 16 showing cash paid in advance for one year's insurance coverage, $800 August 30: Check #17 showing cash paid for miscellaneous expenses, $500 When completed, save with the file and turn in with directions
August 1: Receipt #7 showing cash received from owner, Simon Says, as an investment, $40,000 August 2: Check # 10 showing cash paid cash for rent, $500 August 2: Purchase invoice #120 for equipment purchased on account from EJ Equipment, $4,000 August 4: Receipt #8 showing cash received on account from customer Ralph Monroe, $2,000 August 4: Receipt #9 showing cash received on account from customer Susan Adams, $1,000 August 5: Check #11 showing cash paid for utilities, $100 August 8: Check #12 showing cash paid on EJ Equipment account, $3,000 August 8: Check #13 showing cash paid for advertising, $400 August 9: Purchase invoice #490 showing supplies purchased on account from Sarasota Supply, $750 August 11: Sales invoice #10 showing services sold on account to customer Ed Moore, $4,000 August 11: Check #14 showing cash paid to owner for personal use, $3,000 August 20: Check #15 showing cash paid on account to Sarasota Supply vendor, $750 August 20: Receipt #10 showing cash received on account from customer Ed Moore, $2,000 August 30: Check # 16 showing cash paid in advance for one year's insurance coverage, $800 August 30: Check #17 showing cash paid for miscellaneous expenses, $500 When completed, save with the file and turn in with directions
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Create a general journal entry for all of these transactions included.
Transcribed Image Text:Aččounting1Sec02Fall21
August 1: Receipt #7 showing cash received from owner, Simon
Says, as an investment, $40,000
August 2: Check # 10 showing cash paid cash for rent, $500
August 2: Purchase invoice #120 for equipment purchased on
account from EJ Equipment, $4,000
August 4: Receipt #8 showing cash received on account from
customer Ralph Monroe, $2,000
August 4: Receipt #9 showing cash received on account from
customer Susan Adams, $1,000
August 5: Check #11 showing cash paid for utilities, $100
August 8: Check #12 showing cash paid on EJ Equipment
account, $3,000
August 8: Check #13 showing cash paid for advertising, $400
August 9: Purchase invoice #490 showing supplies purchased
on account from Sarasota Supply, $750
August 11: Sales invoice #10 showing services sold on account
to customer Ed Moore, $4,000
August 11: Check #14 showing cash paid to owner for personal
use, $3,000
sment
August 20: Check #15 showing cash paid on account to
Sarasota Supply vendor, $750
August 20: Receipt #10 showing cash received on account
from customer Ed Moore, $2,000
on
August 30: Check #16 showing cash paid in advance for one
year's insurance coverage, $800
August 30: Check #17 showing cash paid for miscellaneous
expenses, $500
ne
When completed, save with the file and turn in with directions
below.
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