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  • Practice Set For Journal Entry

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    YawzyGyu
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    The journal entries for Ali Baba Tutorials for the month of June include opening capital contributed by the owner, purchases of supplies and furniture, revenue earned from services, payments to accounts payable and utilities expenses, and receipts from accounts receivable. Debits and credits are recorded for each transaction with corresponding increases or decreases to asset, liability, equity, revenue and expense accounts.

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    ali baba journal entry

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    Practice-set-for-journal-entry

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    The journal entries for Ali Baba Tutorials for the month of June include opening capital contributed by the owner, purchases of supplies and furniture, revenue earned from services, payments to accounts payable and utilities expenses, and receipts from accounts receivable. Debits and credits are recorded for each transaction with corresponding increases or decreases to asset, liability, equity, revenue and expense accounts.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views2 pages

    Practice Set For Journal Entry

    Uploaded by

    YawzyGyu
    The journal entries for Ali Baba Tutorials for the month of June include opening capital contributed by the owner, purchases of supplies and furniture, revenue earned from services, payments to accounts payable and utilities expenses, and receipts from accounts receivable. Debits and credits are recorded for each transaction with corresponding increases or decreases to asset, liability, equity, revenue and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Ali Baba Tutorials Journal entry for the month of June

    JOURNAL
    Date Account Title Reference# Debit Credit
    1-Jun Cash 111 600,000
    Ab, Capital 100 600,000
    Furniture 122 50,000
    3-Jun
    Supplies 133 5,000
    Cash 111 5,000
    5-Jun
    Cash 111 15,000
    Service Revenue 155 15,000
    7-Jun
    Cash 111 180,000
    Service Revenue 155 180,000
    15-Jun
    Accounts Payable 144 5,000
    Cash 111 5,000
    18-Jun
    Cash 111 5,000
    Accounts Receivable 166 5,000
    20-Jun
    Accounts Receivable 166 400
    Accounts Payable 144 400
    28-Jun
    Utilities Expense 177 4,480
    Cash 111 4,480
    30-Jun
    Utilities Expense 177 400
    Cash 111 400
    Reference number#
    AB, Capital 100
    Cash 111
    Furniture 122
    Supplies 133
    Accounts P 144
    Service Re 155
    Accounts R 166
    Utilities E 177

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