Journal

DATE
Apr.

ACCOUNT TITLES AND EXPLANATION

1

Cash

DEBIT
19,800

19,800

Common Stock..............................................
Issued common stock to owner.
2

Office Supplies........................................................
Accounts Payable.........................................
Purchased office supplies on account.

200

Land

14,300

200

14,300

Cash................................................................
Paid cash for land.
6

Cash

2,600
2,600

Service Revenue...........................................
Performed services for cash.
9

17

23

Accounts Payable...................................................
Cash................................................................
Paid cash on account.

100

Accounts Receivable..............................................
Service Revenue........................................
Performed service on account.

1,900

Cash

100

100

1,900

100

Accounts Receivable....................................
Received cash on account.
30

Salary Expense........................................................
Rent Expense...........................................................
Cash................................................................
Paid cash expenses.

CREDIT

1,900
1,300
3,200