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    Dang Thu
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    The document contains transactions from May and March for a company. In May, the company received share capital, paid salaries and rent, received and provided services, and paid salaries and payables. In March, the company received more share capital which was used to purchase land, a shed, and equipment. It also paid advertising, prepaid insurance, and purchased equipment on credit. It earned and received service revenue, received unearned revenue, and paid dividends and salaries.

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    The document contains transactions from May and March for a company. In May, the company received share capital, paid salaries and rent, received and provided services, and paid salaries and payables. In March, the company received more share capital which was used to purchase land, a shed, and equipment. It also paid advertising, prepaid insurance, and purchased equipment on credit. It earned and received service revenue, received unearned revenue, and paid dividends and salaries.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views4 pages

    FA

    Uploaded by

    Dang Thu
    The document contains transactions from May and March for a company. In May, the company received share capital, paid salaries and rent, received and provided services, and paid salaries and payables. In March, the company received more share capital which was used to purchase land, a shed, and equipment. It also paid advertising, prepaid insurance, and purchased equipment on credit. It earned and received service revenue, received unearned revenue, and paid dividends and salaries.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Date Title Debit Credit

    May-01 Cash 20000


    Share capital - ordinary 20000
    May-02 No entry
    May-03 Salaries 1500
    Account Payable 1500
    May-07 Rent Expense 900
    Cash 900
    May-11 Receivable 2000
    Service 2000
    May-12 Cash 3500
    Unearned service revenue 3500
    May-17 Cash 1200
    Service Revenue 1200
    May-31 Salaries 2000
    Cash 2000
    May-31 Payable 1500*40%
    Cash 1500*40%

    Mar-01 Cash 60000


    Share capital 60000
    Mar-03 Land 23000
    Shed 9000
    Equipment 6000
    Cash 38000
    Mar-05 Advertising Expense 1600
    Cash 1600
    Mar-06 Prepaid insurance 2400
    Cash 2400
    Mar-10 Equipment 1050
    Account Payable 1050
    Mar-18 Cash 340
    Service Revenue 340
    Mar-19 Cash 1800
    Unearned service revenue 1800
    Mar-25 Dividents 800
    Cash 800
    Mar-30 Salaries 250
    Cash 250
    Account Payable 1050
    Cash 1050
    Mar-31 Cash 200
    Service Revenue 200

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