The transactions that follow took place at the Lancaster

Sports #6085
The transactions that follow took place at the Lancaster Sports Arena during September 2013.
This firm has indoor courts where customers can play tennis for a fee. It also rents equipment
and offers tennis lessons.INSTRUCTIONSRecord each transaction in the general journal, using
the following chart of accounts. Be sure to number the journal page 1 and to write the year at
the top of the Date column. Include a description for each entry.ASSETS REVENUE101 Cash
...............................................401 Fees Income 111 Accounts Receivable
............................EXPENSES121 Supplies ...........................................511 Equipment Repair
Expense141 Equipment ........................................512 Rent ExpenseLIABILITIES
.........................................513 Salaries Expense202 Accounts Payable ................................514
Telephone ExpenseOWNER'S EQUITY..................................517 Utilities Expense301 Patrice
Rebello, Capital302 Patrice Rebello, DrawingDATE TRANSACTIONSSept. 1 Issued Check
1169 for $1,400 to pay the September rent.5 Performed services for $2,500 in cash.6
Performed services for $1,350 on credit.10 Paid $600 for monthly telephone bill; issued Check
1170.11 Paid for equipment repairs of $840 with Check 1171.12 Received $3,200 on account
from credit clients.15 Issued Checks 1172-1177 for $4,200 for salaries.18 Issued Check 1178
for $2,000 to purchase supplies.19 Purchased new tennis rackets for $2,250 on credit from The
Tennis Supply Shop; received Invoice 3108, payable in 30 days.20 Issued Check 1179 for
$2,760 to purchase new nets. (Equip.]21 Received $950 on account from credit clients.21
Returned a damaged net and received a cash refund of $450.22 Performed services for $3,260
in cash.23 Performed services for $4,850 on credit.26 Issued Check 1180 for $460 to purchase
supplies.28 Paid the monthly electric bill of $2,250 with Check 1181.30 Issued Checks
1182-1187 for $4,200 for salaries.30 Issued Check 1188 for $4,200 cash to Patrice Rebello for
personal expenses.View Solution:
The transactions that follow took place at the Lancaster Sports

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