Asset AccountsLiability Accounts Acct # Cash101 Notes Payable Accounts Receivable102 Accounts Payable Prepaid Rent103 Wages Payable Office Furniture104 Office Supplies105 Accumulated Depreciation (contra asset)106This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you.
Equity Accounts Acct #Acct # 201 Owner's Capital301 202 Owner Draws302 203 Revenue Accounts Acct # Service Revenue401 Expense Accounts Acct # Rent expense501 Business License Expense502 Insurance Expense503 Repairs and Maintenance504 Advertising Expense506 Wages Expense507 Utilities Expense508 Depreciation Expense509
A Company General Journal Entries DateAccountsDebitCredit 1-Mar Notes Payable125,000.00 Owners Capital125,000.00 1-Mar Business License Expense250.00 Cash250.00 2-Mar Prepaid Rent950.00 Rent Expense950.00 Cash1,900.00 5-Mar Office Furniture2,750.00 Cash15,000.00 Owners Capital17,750.00 6-Mar Service Revenue650.00 Cash650.00 8-Mar Advertising Expense500.00 Accounts Payable500.00 10-Mar Service Revenue1,725.00 Accounts Receivable1,725.00 15-Mar Insurance Expense750.00 Cash750.00 20-Mar Utilities Expense135.00 Accounts Payable135.00 20-Mar Rpairs & Maintenance95.00 Cash95.00 22-Mar Owners Draw500.00 Cash500.00 25-Mar Office Supplies215.00 Cash215.00 25-Mar Service Revenue350.00
Expert's Answer
Chat with our Experts
Want to contact us directly? No Problem. We are always here for you
Your future, our responsibilty submit your task on time.
Order Now
Get Online
Assignment Help Services
