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Business
Accounting
far 1 Cash RI 15,000.00 Bill Wiliams, Capital 3 Supplies Cash 15,000.00 2 CI 750.00 750.00 4 5 Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 1,000.00

far 1 Cash RI 15,000.00 Bill Wiliams, Capital 3 Supplies Cash 15,000.00 2 CI 750.00 750.00 4 5 Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 1,000.00

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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Using the General Journal image below, write 4 business transaction sentences in the table for four sets of journal entries.
GENERAL JOURNAL PAGE 1 DOC. POST. GENERAL CREDIT DATE ACCOUNT TITLE NO. REF. DEBIT Mar 1 Cash R1 15,000.00 Bill Williams, Capital 3 Supplies Cash 15,000.00 2 C1 750.00 750.00 4 S Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 15 Accounts Payable-Lowe's Supply 1,000.00 . C3 500.00 NO Cash 500.00 0 15 Cash Sales T15 1,250.00 12 1,250.00 12 13 18 Accounts Receivable-Wayne, Inc. si 215.00 13 14 Sales 215.00 4 20 Rent Expense C4 250.00 15 Cash 250.00 25 Cash Accounts Receivable-Wayne, Inc. R2 215.00 17 215.00 30 Bill Williams, Drawing C5 1,000.00 Cash 1000 00
Transcribed Image Text:GENERAL JOURNAL PAGE 1 DOC. POST. GENERAL CREDIT DATE ACCOUNT TITLE NO. REF. DEBIT Mar 1 Cash R1 15,000.00 Bill Williams, Capital 3 Supplies Cash 15,000.00 2 C1 750.00 750.00 4 S Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 15 Accounts Payable-Lowe's Supply 1,000.00 . C3 500.00 NO Cash 500.00 0 15 Cash Sales T15 1,250.00 12 1,250.00 12 13 18 Accounts Receivable-Wayne, Inc. si 215.00 13 14 Sales 215.00 4 20 Rent Expense C4 250.00 15 Cash 250.00 25 Cash Accounts Receivable-Wayne, Inc. R2 215.00 17 215.00 30 Bill Williams, Drawing C5 1,000.00 Cash 1000 00
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