Toledo Corp

GENERAL JOURNAL
DATE ACCOUNT TITLE REF NO.
June 1 Cash
Toledo, Capital
To record initial investment of owner.

4 No Entry (Hiring of internet installers)

10 Supplies
Cash
To record purchase of supplies.

14 Accounts Receivable
Service Revenue
To record receivable accounts from services rendered.

19 Equipment
Cash
To record purchase of equipment.
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PAGE 1
DEBIT CREDIT Assets DR
80000
80000

4700
4700

3500
3500

16000
16000
T Accounts
Assets
Cash Equipment Accounts Receivable
80000 4700 16000 3500
16000

80000 20700 16000 0 3500 0

59300 16000 3500

Service Income
Service Revenue
3500

0 3500
3500

Equity
Toledo, Capital
80000

0 80000
80000
 Supplies
4700

4700 0
4700
 Toledo Corp
Unadjusted Trial Balance
30-Jun-21

Account Title Debit Credit

Cash 59300
Equipment 16000
Accounts Receivable 3500
Supplies 4700
Service Revenue 3500
Toledo Capital 80000

Totals 83500 83500