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  • General Journal: Page No. - 1 Description PR Date 2021 Debit Credit

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    meepxxx
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    This general journal records transactions from June 1 to June 30, 2021 for a business. On June 1, $20,000 was contributed as initial capital and $6,000 was spent on equipment. Throughout the month, taxes, rent, supplies, and equipment purchases were recorded. Service income and accounts receivable were recorded when services were rendered. Cash withdrawals and payments to accounts payable, wages, utilities, and telephone expenses were also documented.

    Original Description:

    ahkahv

    Original Title

    Amanda

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    This general journal records transactions from June 1 to June 30, 2021 for a business. On June 1, $20,000 was contributed as initial capital and $6,000 was spent on equipment. Throughout the month, taxes, rent, supplies, and equipment purchases were recorded. Service income and accounts receivable were recorded when services were rendered. Cash withdrawals and payments to accounts payable, wages, utilities, and telephone expenses were also documented.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views2 pages

    General Journal: Page No. - 1 Description PR Date 2021 Debit Credit

    Uploaded by

    meepxxx
    This general journal records transactions from June 1 to June 30, 2021 for a business. On June 1, $20,000 was contributed as initial capital and $6,000 was spent on equipment. Throughout the month, taxes, rent, supplies, and equipment purchases were recorded. Service income and accounts receivable were recorded when services were rendered. Cash withdrawals and payments to accounts payable, wages, utilities, and telephone expenses were also documented.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    GENERAL JOURNAL

    DATE Page No. ___


    1
    2021 DESCRIPTION PR DEBIT CREDIT
    June 1 Cash 11 1 4 0 0 0 0 -
    Equipment 15 6 0 0 0 0 -
    Amanda, Capital 32 2 0 0 0 0 0 -
    To record initial investment

    1 Taxes and Licenses 52 4 0 0 0 -


    Cash 11 4 0 0 0 -
    To record payment of Taxes/Lic

    2 Prepaid Rent 14 1 2 0 0 0 -
    Cash 11 1 2 0 0 0 -
    To record payment of rent in advance

    4 Equipment 15 4 0 0 0 0 -
    Accounts Payable 21 4 0 0 0 0 -
    To record purchase of equipment

    7 Cash 11 5 0 0 0 0 -
    Service Income 41 5 0 0 0 0 -
    To record cash receipt from services
    rendered

    15 Supplies Unused 13 5 0 0 0 -
    Cash 11 5 0 0 0 -
    To record purchase of supplies

    18 Accounts Payable 21 3 0 0 0 0 -
    Cash 11 3 0 0 0 0 -
    To record payment of equipment
    on account

    22 Amanda, drawing 32 6 0 0 0 -
    Cash 11 6 0 0 0 -
    To record withdrawal of owner for
    personal use

    25 Accounts Receivable 12 4 0 0 0 0 -
    Service Income 41 4 0 0 0 0 -
    Seervie fee earned for services rendered
    GENERAL JOURNAL
    DATE Page No. ___
    2
    2021 DESCRIPTION PR DEBIT CREDIT
    June 28 Cash 11 2 5 0 0 0 -
    Accounts Receivable 12 2 5 0 0 0 -
    To record collection from customers
    on account

    30 Wages Expense 51 1 0 0 0 0 -
    Cash 11 1 0 0 0 0 -
    To record payment of wages

    30 Utilities Expense 54 4 0 0 0 -
    Cash 11 4 0 0 0 -
    To record payment of electricity bill

    30 Telephone Expense 53 2 3 0 0 -
    Cash 11 2 3 0 0 -
    To record payment of telephone bill

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