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    Narits Muhammad Syafrudin
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    1) Various business transactions were recorded in the journal for April 2009, including paying rent, purchasing equipment, receiving and paying cash from accounts, returning defective equipment, paying creditors, renewing insurance, and paying expenses. 2) Related ledger account balances were updated to reflect the journal entries, such as increases to cash from receipts and decreases from payments. 3) Additional details provided include a withdrawal of cash by J.F. Outz, receiving fees from patients, paying salaries and utilities, and recording fees earned on account.

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    Accountancy

    Original Title

    109_pdfsam_Accounting 23ed - Warren Copy

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    1) Various business transactions were recorded in the journal for April 2009, including paying rent, purchasing equipment, receiving and paying cash from accounts, returning defective equipment, paying creditors, renewing insurance, and paying expenses. 2) Related ledger account balances were updated to reflect the journal entries, such as increases to cash from receipts and decreases from payments. 3) Additional details provided include a withdrawal of cash by J.F. Outz, receiving fees from patients, paying salaries and utilities, and recording fees earned on account.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    29 views1 page

    Analyzing Transactions Journal

    Uploaded by

    Narits Muhammad Syafrudin
    1) Various business transactions were recorded in the journal for April 2009, including paying rent, purchasing equipment, receiving and paying cash from accounts, returning defective equipment, paying creditors, renewing insurance, and paying expenses. 2) Related ledger account balances were updated to reflect the journal entries, such as increases to cash from receipts and decreases from payments. 3) Additional details provided include a withdrawal of cash by J.F. Outz, receiving fees from patients, paying salaries and utilities, and recording fees earned on account.

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    © All Rights Reserved
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    of 1

    Chapter 2

    75

    Analyzing Transactions

    Solution 1., 2., and 3.


    Journal
    Date

    Post.
    Ref. Debit

    Description

    2009

    Apr. 1

    Rent Expense
    Cash
    Paid ofce rent for April.

    53
    11

    800

    Equipment
    Accounts Payable
    Purchased equipment
    on account.

    18
    22

    2,100

    Cash
    Accounts Receivable
    Received cash on
    account.

    11
    12

    Supplies
    Accounts Payable
    Purchased supplies.

    13
    22

    245

    Accounts Payable
    Equipment
    Returned defective
    equipment.

    22
    18

    325

    12 Accounts Payable
    Cash
    Paid creditors on account.

    22
    11

    1,250

    17 Prepaid Insurance
    Cash
    Renewed six-month
    property policy.

    14
    11

    370

    20 Accounts Payable
    Cash
    Recorded March payment
    to creditor.

    22
    11

    200

    Account Cash
    Date

    Item

    2009

    Apr. 1
    1
    5
    12
    17
    20
    24
    27
    30
    30
    30
    30

    Balance

    Credit

    27
    27
    27
    27
    27
    28
    28
    28
    28
    28
    28

    Date

    800
    3,150
    1,250
    370
    200
    545
    1,250
    1,720
    1,725
    360
    132

    Post.
    Ref. Debit

    Description

    55
    11

    545

    27 J. F. Outz, Drawing
    Cash
    J. F. Outz withdrew cash
    for personal use.

    32
    11

    1,250

    11
    41

    1,720

    245

    30 Cash
    Professional Fees
    Received fees from
    patients.

    51
    11

    1,725

    325

    30 Salary Expense
    Cash
    Paid salaries.

    56
    11

    360

    1,250

    30 Utilities Expense
    Cash
    Paid utilities.

    12
    41

    5,145

    370

    30 Accounts Receivable
    Professional Fees
    Recorded fees earned
    on account.
    30 Miscellaneous Expense
    Cash
    Paid expenses.

    59
    11

    132

    200

    800

    2,100

    3,150

    Apr. 24 Laboratory Expense


    Cash
    Paid for laboratory
    analysis.

    Credit
    545

    1,250

    3,150

    Account Accounts Receivable

    Balance
    Credit

    Page 28

    2009

    Account No. 11
    Post.
    Ref. Debit

    Journal

    Page 27

    Debit
    4,123
    3,323
    6,473
    5,223
    4,853
    4,653
    4,108
    2,858
    4,578
    2,853
    2,493
    2,361

    Credit

    Date

    Item

    2009

    Apr. 1
    5
    30

    Balance

    Post.
    Ref. Debit

    27
    28

    Date

    Item

    2009

    Apr. 1
    8

    Balance

    1,725

    360

    5,145

    132

    Account No. 12
    Balance
    Credit

    Debit

    3,150

    6,725
    3,575
    8,720

    5,145

    Account Supplies

    1,720

    Credit

    Account No. 13
    Post.
    Ref. Debit

    27

    245

    Balance
    Credit

    Debit
    290
    535

    Credit

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