Cash 1590 120 Salarles and Wages Expense 2120 Cash 2120 121 Cash 1700 Accounts Recelvable 1700 125 Accounts Recelvable 2650 Service Revenue 2650 131 Malntenance and Repalrs Expense 310 Cash 310 (To record maintenance of the truck) 131 Owner's Drawlngs 640 Cash 640 Te record drouo)
Cash 1590 120 Salarles and Wages Expense 2120 Cash 2120 121 Cash 1700 Accounts Recelvable 1700 125 Accounts Recelvable 2650 Service Revenue 2650 131 Malntenance and Repalrs Expense 310 Cash 310 (To record maintenance of the truck) 131 Owner's Drawlngs 640 Cash 640 Te record drouo)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
can someone help me fill in the blanks and explain why?

Transcribed Image Text:manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
/1
Cash
12700
Owner's Capltal
12700
(To record cash invested in the business)
Equlpment
8480
Cash
2120
Accounts Payable
6360
(To record purchase of truck.)
13
Supplles
950
Accounts Payable
950
15
Prepald Insurance
1920
Cash
1920
/12
Accounts Recelvable
3920
Service Revenue
3920
/18
Accounts Payable
1590
Cash
1590
120
Salarles and Wages Expense
2120
Cash
2120
121
Cash
1700
Accounts Recelvable
1700
125
Accounts Recelvable
2650
Service Revenue
2650
131
Malntenance and Repalrs Expense
310
Cash
310
(To record maintenance of the truck)
131
Owner's Drawings
640
Cash
640
To rooo
thdroun)

Transcribed Image Text:Pen he iadiger cacaa. Postentries
the
Jounal antries prnted lthe pr part
ana Racalvabla
ald Inaarana
Equleme
Acaouna
Ownar Cl
na Drawinge
wlca Ravanua
and Rapaln Epana
and Waga panaa
> >>
>>>
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education