NO.

EFFECTS (↑↓) DOUBLE ENTRY

1 CASH ↑ 15,000.00 DR CASH 15,000.00

CAPITAL ↑ 15,000.00 CR CAPITAL 15,000.00

2 CASH ↓ 7,000.00 DR COMP EQUIP 7,000.00

COMP EQUIPMENT ↑ 7,000.00 CR CASH 7,000.00

3
A/C PAYABLE ↑ 1,600.00 DR SUPPLIES 1,600.00

SUPPLIES ↑ 1,600.00 CR ACCOUNT PAYABLE 1,600.00

4 CASH ↑ 1,200.00 DR CASH 1,200.00

SERVICE REVENUE ↑ 1,200.00 CR SERVICE REV 1,200.00

5 ADVERTISING EXP ↑ 250.00 DR ADVERTISING EXP 250.00

A/C PAYABLE ↑ 250.00 CR A/C PAYABLE 250.00

6 SERVICE REVENUE ↑ 3,500.00 DR CASH 1,500.00

CASH ↑ 1,500.00 A/C REC 2,000.00

A/C RECEIVABLE ↑ 2,000.00 CR SERVICE REV 3,500.00

7 CASH ↓ 1,700.00 DR RENT EXP 600.00

RENT EXP ↑ 600.00 SALARY EXP 900.00
SALARY EXP ↑ 900.00 UTILITIES EXP 200.00
UTILITIES EXP ↑ 200.00 CR CASH 1,700.00

8 A/C PAYABLE ↓ 250.00 DR A/C PAYABLE 250.00

CASH ↓ 250.00 CR CASH 250.00

9 A/C RECEIVABLE ↓ 600.00 DR CASH 600.00

CASH ↑ 600.00 CR A/C REC 600.00

10 CASH ↓ 1,300.00 DR DRAWINGS 1,300.00

DRAWINGS ↑ 1,300.00 CR CASH 1,300.00
 ACCOUNTING EQUATION
ASSETS = LIABILITIES + OWNER'S EQUITY
CASH COMP EQUIP SUPPLIES A/C REC A/C PAYABLE
15,000.00 15,000.00

-7000 7,000.00

1,600.00 1,600.00

1,200.00 1,200.00

250.00 -250

1,500.00 2,000.00 3,500.00

-1700 -600
-900
-200

-250 -250

600.00 -600

-1300 -1300

8,050.00 7,000.00 1,600.00 1,400.00 = 1,600.00 + 16,450.00

18,050.00 = 18,050.00
OWNER'S EQUITY

CAPITAL INVESTMENT

SERVICE REVENUE

ADV EXP

SERVICE REVENUE

RENT EXP
SALARY EXP
UTILITIES EXP

DRAWINGS
 + - ASSETS
ASSETS
CAPITAL DRAWINGS
OWNER'S EQUITY
+
REVENUE EXPENSES
 +
ASSETS = LIABILITIES OE
ASSETS = LIABILITIES + CAPITAL DRAWINGS

- - + - + + -

REVENUE EXPENSES

- + + -
 JOURNAL Page 1
Date Description Post. Ref Dr. Cr.
1-Jan-19 Cash 11 15,000
Capital 12 15,000
Invested capital by owner

5-Jan-19 Computer equipment 15 7,000

Cash 11 7,000
Purchased computer equip by cash

6-Jan-19 Supplies 1,600

Accounts payable 1,600
Purchased supplies on credit

10-Jan-19 Cash 1,200

Service Revenue 1,200
Received cash from customer

12-Jan-19 Advertising expense 250

Accounts payable 250
Received a bill for advertising expense on account

15-Jan-19 Cash 1,500

Accounts receivable 2,000
Service revenue 3,500
Provided programming services for customer

22-Jan-19 Rent expense 600

Salary expense 900
Utilities expense 200
Cash 1,700
Paid expenses by cash

23-Jan-19 Accounts payable 250

Cash 250
Paid advertising bill by cash

25-Jan-19 Cash 600

Accounts receivable 600
Received cash from customer

30-Jan-19 Drawings 1,300

Cash 1,300
Withdrawals of cash
Cash 11