Prepare general journal entries to record the following transactions. Omit the explanations after each entry. Mar. 1 J. Lynch invested in a neighborhood movie house. Land, $100,000; building, $400,000; and equipment, $50,000; totaling $550,000. 2 Rental expense for the movies shown for the month, $6,000 on account. 5 Ticket sales for the month, $22,000 cash. 8 Wages paid for the month, $11,000. 12 Purchased a new popcorn machine, $3,300 on account. 17 Paid monthly fee to maintenance company, $2,700. 23 Rented the theater to an organization for a night. Billed them $2,300. 30 Paid $600 on the amount owed for the new popcorn machine. If an amount box does not require, leave it blank.
Prepare general journal entries to record the following transactions. Omit the explanations after each entry. Mar. 1 J. Lynch invested in a neighborhood movie house. Land, $100,000; building, $400,000; and equipment, $50,000; totaling $550,000. 2 Rental expense for the movies shown for the month, $6,000 on account. 5 Ticket sales for the month, $22,000 cash. 8 Wages paid for the month, $11,000. 12 Purchased a new popcorn machine, $3,300 on account. 17 Paid monthly fee to maintenance company, $2,700. 23 Rented the theater to an organization for a night. Billed them $2,300. 30 Paid $600 on the amount owed for the new popcorn machine. If an amount box does not require, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare general
| Mar. 1 | J. Lynch invested in a neighborhood movie house. Land, $100,000; building, $400,000; and equipment, $50,000; totaling $550,000. |
| 2 | Rental expense for the movies shown for the month, $6,000 on account. |
| 5 | Ticket sales for the month, $22,000 cash. |
| 8 | Wages paid for the month, $11,000. |
| 12 | Purchased a new popcorn machine, $3,300 on account. |
| 17 | Paid monthly fee to maintenance company, $2,700. |
| 23 | Rented the theater to an organization for a night. Billed them $2,300. |
| 30 | Paid $600 on the amount owed for the new popcorn machine. |
If an amount box does not require, leave it blank.
Page: 1
| DATE | DESCRIPTION | POST. REF. |
DEBIT | CREDIT | ||
|---|---|---|---|---|---|---|
| 1 | Mar. 1 | fill in the blank 2 | fill in the blank 3 | 1 | ||
| 2 | fill in the blank 5 | fill in the blank 6 | 2 | |||
| 3 | fill in the blank 8 | fill in the blank 9 | 3 | |||
| 4 | fill in the blank 11 | fill in the blank 12 | 4 | |||
| 5 | Mar. 2 | fill in the blank 14 | fill in the blank 15 | 5 | ||
| 6 | fill in the blank 17 | fill in the blank 18 | 6 | |||
| 7 | Mar. 5 | fill in the blank 20 | fill in the blank 21 | 7 | ||
| 8 | fill in the blank 23 | fill in the blank 24 | 8 | |||
| 9 | Mar. 8 | fill in the blank 26 | fill in the blank 27 | 9 | ||
| 10 | fill in the blank 29 | fill in the blank 30 | 10 | |||
| 11 | Mar. 12 | fill in the blank 32 | fill in the blank 33 | 11 | ||
| 12 | fill in the blank 35 | fill in the blank 36 | 12 | |||
| 13 | Mar. 17 | fill in the blank 38 | fill in the blank 39 | 13 | ||
| 14 | fill in the blank 41 | fill in the blank 42 | 14 | |||
| 15 | Mar. 23 | fill in the blank 44 | fill in the blank 45 | 15 | ||
| 16 | fill in the blank 47 | fill in the blank 48 | 16 | |||
| 17 | Mar. 30 | fill in the blank 50 | fill in the blank 51 | 17 | ||
| 18 | fill in the blank 53 | fill in the blank 54 | 18 |
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