Journal entries

2022 PARTICULARS F DEBIT CREDIT

Dec. 1 Cash 250,000
Adams, Capital 250,000
To record the owner's initial
investment to the business.

Dec. 2 Supplies 67,000

Accounts Payable 67,000
To record the acquisition of supplies
on account.

Dec. 5 Service vehicle 235,000

Cash 50,000
Notes payable 185,000
To record the acquisition of service
vehicle on account.

Dec. 7 Furnitures and Fixtures 35,000

Cash 35,000
To record the acquisition of furniture
and fixtures on cash

Dec. 8 Cash 78,000

Video Rental Fees 78,000
To record the video rental fees.

Dec. 11 Rents Receivables 105,000

Video Rental Fees 105,000
To record the accounts receivables.

Dec. 13 Cash 75,000

Unearned revenue 75,000
To record the unearned revenue.

Dec. 15 Rent expenses 25,000

Cash 25,000
To record the rent expense.

Dec. 16 Salaries expense 65,000

Cash 65,000
To record the salary expense.
Dec. 17 Cash 77,000
Rent receivables 77,000
To record the collection of rent
receivables.

Dec. 19 Advertising expense 2,500

Bills payable 2,500
To record the bills payable.

Dec. 21 Transportation expense 3,000

Cash 3,000
To record the transportation expense.

Dec. 23 Adams, Drawing 47,000

Cash 47,000
To record Mr. Adams withdrawal.

Dec. 25 Miscellaneous expense 3,800

Cash 3,800
To record the payment for
miscellaneous expense.

Dec. 27 Accounts payable 9,500

Cash 9,500
To record the partial payment for
supplies purchased on account on Jan. 2.

Dec. 30 Utilities expense 17,500

Cash 17,500
To record the payment for utilities.
 Posting to a Ledger

Cash
Debit Credit
12/01 250,000
50,000 12/05
35,000 12/07
12/08 78,000
12/13 75,000
25,000 12/15
65,000 12/16
12/17 77,000
3,000 12/21
47,000 12/23
3,800 12/25
9,500 12/27
17,500 12/30
480,000 255,800
224,200