JOURNAL ENTRY

May

2 (DR)CASH136,300(CR)SISON,CAPITAL136,300

3 (DR)SERVICEVEHICLE80,000(CR)CASH50,000(CR)NOTESPAYABLE30,000

4 (DR)MEDICALSUPPLIES5,000(CR)ACCOUNTSPAYABLE5,000

5 (DR)CASH45,000(DR)ACCOUNTSRECEIVABLE30,000(CR)SERVICEINCOME75,000

11 (DR)CASH15,000(CR)ACCOUNTSRECEIVABLE15,000

15 (DR)SALARIESEXPENSE15,000(CR)CASH15,000

24 (DR)SISON,WITHDRAWAL3,000(CR)CASH3,000

CASH

DATE EXPLANATION DEBIT CREDIT BALANCE

2 INVESTED 136,300
3 PURCHASES 50,000
5 SERVICE 45,000
RENDERED
11 SERVICE INCOME 15,000
15 EXPENSE 15,000
24 WITHDRAWAL 3,000 128,300

SERVICE VEHICLE

DATE EXPLANATION DEBIT CREDIT BALANCE

3 SERVICE VEHICLE 80,000

ACCOUNTS RECEIVABLE

DATE EXPLANATION DEBIT CREDIT BALANCE

5 SERVICE 30,000
RENDERED
11 PAID 15,000 15,000

MEDICAL SUPPLIES

DATE EXPLANATION DEBIT CREDIT BALANCE

4 SUPPLIES 5,000
ACCOUNTS PAYABLE

DATE EXPLANATION DEBIT CREDIT BALANCE

4 MEDICAL 5,000
SUPPLIES

NOTES PAYABLE

DATE EXPLANATION DEBIT CREDIT BALANCE

3 SERVICE VEHICLE 30,000

SISON, CAPITAL

DATE EXPLANATION DEBIT CREDIT BALANCE

2 INVESTMENT 136,300

SISON, WITHDRAWALS

DATE EXPLANATION DEBIT CREDIT BALANCE

24 WITHDRAWALS 3,000

SERVICE INCOME

DATE EXPLANATION DEBIT CREDIT BALANCE

5 SERVICE 75,000
RENDRED

SALARIES EXPENSE

DATE EXPLANATION DEBIT CREDIT BALANCE

15 SALARIES 15,000

Cash

Debit Credit

136,300 50,000
45,000 15,000
+ 15,000 + 3,000
196,300 68,000
196,300

-68,000

128,300

Accounts Receivable

30,000

- 15,000

15,000

Total Assets

Service Vehicle 80,000

Medical Supplies - 5,000

85,000

Liabilities

Accounts payable 5,000

Notes payable - 30,000

35,000

Sison, Capital

101,000

+ 35,300

136,300