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  • Journal Entries Groupings Accounting

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    Gerlyn Mae Delantar
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    This document contains journal entries for DeGuzman Capital from October 1-31. It records various expenses like rent, supplies, salaries, and revenues from services. Assets like equipment and vehicles were purchased for cash and accounts payable. Accounts receivable were recorded for services provided and collected. Owner withdrawals of $18,000 cash were also recorded on October 31.

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    This document contains journal entries for DeGuzman Capital from October 1-31. It records various expenses like rent, supplies, salaries, and revenues from services. Assets like equipment and vehicles were purchased for cash and accounts payable. Accounts receivable were recorded for services provided and collected. Owner withdrawals of $18,000 cash were also recorded on October 31.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views3 pages

    Journal Entries Groupings Accounting

    Uploaded by

    Gerlyn Mae Delantar
    This document contains journal entries for DeGuzman Capital from October 1-31. It records various expenses like rent, supplies, salaries, and revenues from services. Assets like equipment and vehicles were purchased for cash and accounts payable. Accounts receivable were recorded for services provided and collected. Owner withdrawals of $18,000 cash were also recorded on October 31.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Journal Entries  

                                                     Debit          Credit
     
    Oct. 1
    Cash                                                               $243,000
      DeGuzman, Capital                                                          $243,000
     
    Oct. 3
    Arms & Communication Equipment                       $34,000
     DeGuzman, Capital                                                            $34,000
     
    Oct. 4.
    Communication Equipment                                  $13,740 
       Accounts Payable                                                            $13,740
     
    Oct. 5.
    Rent Expense                                                       $7,650
        Accounts Payable                                                            $7,650

    Oct. 6.
    Service Vehicle                                                   $93,000
       Cash                                                                             $45,000          Accounts Payable                          
    $48,000 
     
    Oct. 9.
    Prepaid Insurance                                                $7,710
        Cash                                                                            $7,710
     
    Oct. 12.
    Accounts Receivable                                             $8,250
        Services Revenues                                                       $8,250.
     
    Oct 16.
    Supplies Expense                                                 $1,757 
        Accounts Payable                                                          $1,757
     
    Oct 17
    Accounts Receivable                                           $14,790
         Services Revenues                                                      $14.790 
     
    Oct 22.
    Gasoline & Utilities Expense                                    $720
         Cash                                                                           $720
     
    Oct 24.
    Accounts Receivable                                           $17,500
        Service Revenues                                                         $17,500
     

    Oct 27
    Accounts Payable                                                $4,500
         Cash                                                                           $4,500  
     
    Oct 29.
    Cash                                                                   $8,250
        Accounts Receivable                                                     $8,250 
     
    Oct 30.
    Accounts Receivable                                             $21,600
        Services Revenue                                                          $21,600
     
    Oct 31.
    Communication Expense                                        $1,030
        Cash                                                                             $1,030
     
    Oct 31.
    Salaries Expense                                                  $31,500
        Cash                                                                               $31,500
     
     
    Oct 31.
    De Guzman Withdrawls                                          $18,000
        Cash                                                                               $18,000
    Maintenance
    Expense400Cash400to record
    tune up of a vehicleAccouts
    Payable3200Cash3200to record
    payment for the supplies on
    accountPainting
    Equiment6000Painting
    Suppies2900Accounts
    Payable8900to record painting
    supplies on account

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