General journalgj1trans april dateaccount titlepost, Ask an Expert

Academics

		General Journal			GJ1
Trans. #	April Date	Account Title	Post Ref	Debit Amt.	Credit Amt.
1	2	Cash		$ 15,000
		Common stock (1000 Shares)			1,000
		Additional paid in excess of par			14,000
		To record purchase of stock 1000 shares.
2	3	Vehicles		12,000
		Cash			2,000
		Notes payable			10,000
		To record purchase of truck for company.
3	4	Equipment		4,320
		Cash			4,320
		To record purchase of lawn mower.
4	7	Gas & Oil Expense		40
		Cash			40
		To record purchase of gas and oil.
5	8	Prepaid Insurance		1,200
		Cash			1,200
		To record one year prepaid insurance.
6	9	Office supplies		50
		Accounts payable			50
		To record purchase of office supplies.
7	10	Cash		350
		Lawn cutting revenue			350
		To record payment for seven lawns.
8	11	Cash		100
		Accounts recievable		125
		Lawn cutting revenue			225

9	12	Cash		500
		Unearned revenue			500
		To record prepayment with ABC Corp.
10	14	Advertising expense		50
		Cash			50
		To record advertisment.
11	15	Cash		75
		Accounts recivable		125
		Lawn cutting revenue			200
		To record 4 lawns.
12	16	Gas & Oil Expense		70
		Cash			70
		To record purchase of gas and oil.
13	16	Equipment		1,500
		Computer			1,500
		Purchased computer for business use.
14	17	Cash		85
		Accounts recivable		350
		Lawn cutting revenue			435
		To record 6 lawns.
15	18	Unearned revenue		225
		Lawn cutting revenue			225
		To record payment of billed services.
16	19	Wages		150
		Cash			150
		To record wages paid this week.
17	21	Gas & Oil Expense		75
		Cash			75
		To record purchase of gas and oil.
18	23	Cash		80
		Accounts recivable		95
		Lawn cutting revenue			175
		To record 4 lawns.
19	24	Cash		90
		Accounts recivable		175
		Lawn cutting revenue			265
		To record 4 lawns.
20	26	Gary personal		600
		Cash			600
		Owner personal use withdrawl.
21	30	Insurance expense		100
		Prepaid insurance			100
		Expired monthly insurance.
22	30	Supplies expense		30
		Supplies			30
		Supplies used
23	30	Depreciation expense		320
		Accumulated depreciation			320
		To record $120 dep mowers, 200 on truck.

				$ 37,880	$ 37,880

View complete question

Humanities, Academics

Category:- Humanities
Reference No.:- M9796061

Have any Question?Write your Review or question?

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Ask Humanities Expert

Academics

Related Questions in Humanities

Assignment essaychoose one 1 of the three 3 reading

Question case analysis - collaborating with outside

Part 1 media scholar george rodman describes technological

Assignment - watch the it hits the fan south park

Name at least two people who have had a great influence on