Name: Tupas, Jocelly R.

Schedule: TTHS 5:30 - 7:30

Date
Accounting Title Debit Credit
Month Day
Jan 1 cash 1 0 0 0 0 0
equipment 7 0 0 0 0
Strange, Capital 1 7 0 0 0 0
to record the investment of strange

Apr 1 cash 1 0 0 0 0
Service revenue 1 0 0 0 0
to record the income received

Juky 1 Accounts receivable 5 0 0 0 0

service receive 5 0 0 0 0
to record the income received of account

Aug 1 Cash 2 5 0 0 0
accounts receivable 2 5 0 0 0
to record the payment of customer

Oct 1 supplies 5 0 0 0
aacounts payable 5 0 0 0
to record the purchase of supplies on account

Dec 1 taxes and licenses expense 2 0 0 0

cash 2 0 0 0
to record the payment of taxes and licenses expense
Credit

Jan 1. Strange invested cash of 100,000 and equipment which costs 70,000.
Apr 1. Received cash for services performed, 10,000
July 1. Billed the customers for services performed, 50,000
Aug 1. Collected half of the receivable from the July 1 transaction
Oct 1. Purchased supplies on account, 5,000
Dec 1. Paid taxes and licenses for 2,000