Accounting General Journal and Ledger Study Guide

School: Okanagan College, Vernon - Course: BUAD 111 - Subject: Accounting

BUAD 111 Project: General Journal for Part 2 Anabolic kitchen General Journal DateAccounts/ExplanationPRDebit Dec1 Equipment#160$825.00 cash#110 To record transaction for purchase of equipment with cash 7 Y.Kim Capital#310$950.00 Cash#110 To record invesment in company by owner 9 Y.Kim Capital#310$3,000.00 Notes Payable#260 To record Loaned invesment in my business 12 Advertising expense#508$250.00 Cash#110 To record expense for business advertising 17 Supplies expense#550$215.00 Cash#110 To record expense for supplies purchased 21 Accounts Receivable#130$250.00 Unearned Revenue#230 To record invoice payable for services performed(30days) 28 Telephone Expense#563$109.00 Accounts payable#210 To record invoicefor business phone service 29 Cash#110$250.00 Unearned revenue#230 To record payment for future services
30 Y.Kim drawings#320$75.00 Cash#110 To record withdrawl for personal use 31 Accounts receivable Sales revenue#130$175.00 To record adjusted entry for accured revenue#410 31 Wages expense#570$60.00 Wages payable#240 To record adjusted entry for accured expense 31 Depreciation expense#515$23.00 Accumulated depreciation Equipment#161 To record accumulated depreciation of equipment 31 Interest expense#527$5.00 Intest payable#245 Total$6,082.00
Credit $825.00 $950.00 $3,000.00 $250.00 $215.00 $250.00 $109.00 $250.00

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