July 17 Paid $3,000 cash for computer equipment, check 164. 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24. 25 Paid $4,000 for rent, check 166. 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27.
July 17 Paid $3,000 cash for computer equipment, check 164. 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24. 25 Paid $4,000 for rent, check 166. 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Enter the transactions below:
Transcribed Image Text:PM Tue Oct 12
Copy of Module Six Lesson Two Assignment One
IUS
E
A
GENERAL JOURNAL
PAGE 2
DOC.
POST.
GENERAL
DATE
ACCOUNT TITLE
NO.
REF.
DEBIT
CREDIT
1 July
17 Computer Equipment
C164
120
3,000.00
Cash
101
3,000.00
3 July
18
5 July
22
6
7 July
23
8.
9 July
24
10
11 July
25
12
13 July
27
14
15 July
29
16
17
18
19
20
21
22
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Transcribed Image Text:y of Module Six Lesson Two Assignment One
I
U SA
Directions: Enter the transactions below, using the Chart of Accounts (also below).
After you have entered them, click the yellow "General Ledgers" tab at the bottom to go to the next part of
TRANSACTIONS:
July 17 Paid $3,000 cash for computer equipment, check 164.
18 Cash sales for 50 hats, $500.00, cash register summary tape 18.
22 Sarah Smith withdrew $10,000.00 from the business, check 165.
23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23.
24 Received $300 cash on account from Caps Inc., receipt 24.
25 Paid $4,000 for rent, check 166.
27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27.
29 Paid $500 for an employee salary, check 167.
Chart of Accounts
Assets: Cash, Accounts Receivable Just Bats, Accounts Receivable - Caps Inc.,
Accounts Receivable - Kinston Rec. Dept., Computer Equipment and Store Fixtures
Liabilities: Accounts Payable - City Mall, Accounts Payable - Sporting Goods 4 U and
Accounts Payable - Gloyes Unlimited
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