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Business
Accounting
Date General Journal Debit Credit April 01 Cash 17,000,000 Owner's Capital 17,000,000 (To record invested amount in business.) April 02 Prepaid rent 12,000 Cash 12,000 (To record payment made in advance for rent.) April 05 Equipment (Delivery trucks) 950,000 Cash 950,000 (To record purchase of equipment on cash.) April 06 Cash 60,250 Delivery service revenue 60,250 (To record Delivery service revenue on cash.) April 07 Accounts receivable 50,150 Delivery service revenue 50,150 (To record Delivery service revenue on account.) April 08 office Equipment 122,000 Accounts payable (To record purchase of equipment.) 122,000 April 09 Supplies 3,200 Cash 3,200 (To record purchase of supplies.) April 12 Accounts receivable 27,000 Delivery service revenue 27,000 (To record Delivery service revenue on account.) April 15 Cash 50,200 Owner's Capital (To record invested amount in business.) 50,200 April 15 Salaries expense 8,400 Cash 8,400 (To record salaries expense paid.) April 18 Advertising expense 3,510 Cash 3,510 (To record advertising expense paid.) April 20 Cash 4,500 Accounts receivable 4,500 (To record cash collected from customer.) April 21 Advertising expense 1,500 Cash 1,500 (To record advertising expense paid.) April 25 Oil and Gas expense Cash 650 650 (To record Oil and Gas expense paid.)

Date General Journal Debit Credit April 01 Cash 17,000,000 Owner's Capital 17,000,000 (To record invested amount in business.) April 02 Prepaid rent 12,000 Cash 12,000 (To record payment made in advance for rent.) April 05 Equipment (Delivery trucks) 950,000 Cash 950,000 (To record purchase of equipment on cash.) April 06 Cash 60,250 Delivery service revenue 60,250 (To record Delivery service revenue on cash.) April 07 Accounts receivable 50,150 Delivery service revenue 50,150 (To record Delivery service revenue on account.) April 08 office Equipment 122,000 Accounts payable (To record purchase of equipment.) 122,000 April 09 Supplies 3,200 Cash 3,200 (To record purchase of supplies.) April 12 Accounts receivable 27,000 Delivery service revenue 27,000 (To record Delivery service revenue on account.) April 15 Cash 50,200 Owner's Capital (To record invested amount in business.) 50,200 April 15 Salaries expense 8,400 Cash 8,400 (To record salaries expense paid.) April 18 Advertising expense 3,510 Cash 3,510 (To record advertising expense paid.) April 20 Cash 4,500 Accounts receivable 4,500 (To record cash collected from customer.) April 21 Advertising expense 1,500 Cash 1,500 (To record advertising expense paid.) April 25 Oil and Gas expense Cash 650 650 (To record Oil and Gas expense paid.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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on the photo provided, these are the journalized entries. provide their ledger accounts. use T accounts.
Date General Journal Debit Credit April 01 Cash 17,000,000 Owner's Capital 17,000,000 (To record invested amount in business.) April 02 Prepaid rent 12,000 Cash 12,000 (To record payment made in advance for rent.) April 05 Equipment (Delivery trucks) 950,000 Cash 950,000 (To record purchase of equipment on cash.) April 06 Cash 60,250 Delivery service revenue (To record Delivery service revenue on cash.) 60,250 April 07 Accounts receivable 50,150 Delivery service revenue (To record Delivery service revenue on account.) 50,150 April 08 Office Equipment 122,000 Accounts payable (To record purchase of equipment.) 122,000 April 09 Supplies 3,200 Cash 3,200 (To record purchase of supplies.) April 12 Accounts receivable 27,000 Delivery service revenue 27,000 (To record Delivery service revenue on account.) April 15 Cash 50,200 Owner's Capital 50,200 (To record invested amount in business.) April 15 Salaries expense Cash 8,400 8,400 (To record salaries expense paid.) April 18 Advertising expense 3,510 Cash 3,510 (To record advertising expense paid.) April 20 Cash 4,500 Accounts receivable 4,500 (To record cash collected from customer.) April 21 Advertising expense 1,500 Cash 1,500 (To record advertising expense paid.) April 25 Oil and Gas expense 650 Cash (To record Oil and Gas expense paid.) 650
Transcribed Image Text:Date General Journal Debit Credit April 01 Cash 17,000,000 Owner's Capital 17,000,000 (To record invested amount in business.) April 02 Prepaid rent 12,000 Cash 12,000 (To record payment made in advance for rent.) April 05 Equipment (Delivery trucks) 950,000 Cash 950,000 (To record purchase of equipment on cash.) April 06 Cash 60,250 Delivery service revenue (To record Delivery service revenue on cash.) 60,250 April 07 Accounts receivable 50,150 Delivery service revenue (To record Delivery service revenue on account.) 50,150 April 08 Office Equipment 122,000 Accounts payable (To record purchase of equipment.) 122,000 April 09 Supplies 3,200 Cash 3,200 (To record purchase of supplies.) April 12 Accounts receivable 27,000 Delivery service revenue 27,000 (To record Delivery service revenue on account.) April 15 Cash 50,200 Owner's Capital 50,200 (To record invested amount in business.) April 15 Salaries expense Cash 8,400 8,400 (To record salaries expense paid.) April 18 Advertising expense 3,510 Cash 3,510 (To record advertising expense paid.) April 20 Cash 4,500 Accounts receivable 4,500 (To record cash collected from customer.) April 21 Advertising expense 1,500 Cash 1,500 (To record advertising expense paid.) April 25 Oil and Gas expense 650 Cash (To record Oil and Gas expense paid.) 650
April 27 Cash 10,500 Delivery service revenue (To record Delivery service revenue on cash.) 10,500 April 28 Office Futniture Accounts payable 5,200 5,200 (To record purchase of furniture.) April 29 Miscellaneous expense 1,000 Cash 1,000 (To record Miscellaneous paid.) April 30 Owner's Withdrawal 150,000 Cash 150,000 (To record amount withdraw by owner.) April 30 Accounts receivable 52,540 Delivery service revenue 52,540 (To record Delivery service revenue on account.) April 30 Salaries expense 8,400 Cash 8,400 (To record salaries expense paid.)
Transcribed Image Text:April 27 Cash 10,500 Delivery service revenue (To record Delivery service revenue on cash.) 10,500 April 28 Office Futniture Accounts payable 5,200 5,200 (To record purchase of furniture.) April 29 Miscellaneous expense 1,000 Cash 1,000 (To record Miscellaneous paid.) April 30 Owner's Withdrawal 150,000 Cash 150,000 (To record amount withdraw by owner.) April 30 Accounts receivable 52,540 Delivery service revenue 52,540 (To record Delivery service revenue on account.) April 30 Salaries expense 8,400 Cash 8,400 (To record salaries expense paid.)
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