1.

a Simple Journal Entries

DATE PARTICULARS DEBIT CREDIT
Nov-05 Cash 1,500,000
Trucks 1,800,000
Mr. Omega, Capital 3,000,000

Nov-08 Prepaid Insurance 45,000

Cash 45,000

Nov-10 Taxes and Licenses Expense 5,500

Cash 5,500

Nov-11 No Entry
Nov-12 No Entry

Nov-14 Office Supplies 2,000

Cash 2,000

Nov-18 Furniture and Fixtures 12,000

Accounts Payable 12,000

Nov-20 Office Equipment 21,000

Cash 21,000

Nov-25 Cash 35,000

Service Revenue 35,000

Nov-30 Salaries Expense 9,800

Cash 9,800

Dec-01 Accounts Receivable 33,000

Service Revenue 33,000

Dec-03 Accounts Payable 6,000

Cash 6,000

Dec-05 Notes Receivable 11,000

Accounts Receivable 11,000

Dec-10 Accounts Receivable 55,000

Service Revenue 55,000
Dec-15 Utilities Expense 3,500
Cash 3,500

Dec-18 Cash 500,000

Loans Payable 500,000

Dec-20 Mr. Omega, Withdrawal 50,000

Cash 50,000

Dec-24 Salaries Expense 18,000

Cash 18,000

Dec-24 Utilities Expense 5,000

Utilities Payable 5,000