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23 November, 15:59

Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602).

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  1. 23 November, 16:57
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    Eric Pense Journal Entries:

    a. Dr Cash$23,000

    Dr Office Equipment12,000

    Cr Pense, Capital$35,000

    b. Dr Land $8,000

    Dr Building $33,000

    Cr Cash$15,000

    Cr Notes payable$26,000

    c. Dr Supplies 600

    Cr Accounts payable$600

    d. Dr Automobile$7,000

    Cr Capital$7,000

    e. Dr Office Equipment$1,100

    Cr Accounts payable$1,100

    f. Dr Salary $800

    Cr Cash$800

    g. Dr Cash$2,700

    Cr Fees Earned$2,700

    h. Dr Utilities Expense$430

    Cr Cash$430

    i. Dr Account payable$600

    Cr Cash$600

    J. Dr Office Equipment $4,000

    Cr Cash$4,000

    k. Dr Accounts receivables$2,400

    Cr Fees Earned$2,400

    l. Dr Salary$800

    Cr Cash$800

    m. Dr Cash$1,000

    Cr Accounts Receivable$1,000

    n. Dr Pense, Withdrawal$1,050

    Cr Cash$1,050
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