Prepare journal entries for the transactions incurred during September of 2016.
ID: 2473985 • Letter: P
Question
Prepare journal entries for the transactions incurred during September of 2016.
This is to create a general journal.
DATE TRANSACTIONS 2016 Sept. 1 Jewell Tucker invested $57,000 in cash to start the firm. 4 Purchased office equipment for $6,200 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $14,200 in full payment. 20 Purchased supplies for $490; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $155. 30 Issued Check 1003 for $3,900 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $2,700 in cash for personal expenses. 30 Issued Check 1004 for $1,550 to pay the rent for October. 30 Performed services for $2,600 in cash. 30 Paid $420 for monthly telephone bill, Check 1005.Explanation / Answer
Journal entries
Date account titles debit credit Sep1 cash 57000 Capital 57000 Sep4 equipment 6200 Account payable 6200 Sep16 vehicles 14200 Cash 14200 Sep20 supplies 490 Cash 490 Sep23 cash 155 Supplies 155 Sep30 account payable 3900 Cash 3900 Sep30 Drawing 2700 Cash 2700 Sep30 prepaid rent 1550 Cash 1550 Sep30 cash 2000 Sercixe revenue 2000 Sep30 telephone expense 420 Cash 420