(a) Purchased $100 of supplies for cash. Cash -100/ Net Income 0
(b) Recorded an adjusting entry to record use of $20 of the above supplies. Cash 0/ Net Income -20
(c) Made sales of $1,300, all on account. Cash 0/ Net Income 1300
(d) Received $800 from customers in payment of their accounts. Cash 800/ Net Income 800
(e) Purchased equipment for cash, $2,500. Cash -2500/ Net Income 0
(f) Recorded depreciation of building for period used, $600. Cash 0/ Net Income -600
P4-2A
A. | | GENERAL JOURNAL | PAGE | | | | | GENERAL | | 2012 | ACCOUNT TITLE | DEBIT | CREDIT | Jun | 30 | Supplies Expense | 1280 | | | | Supplies | | 1280 | | | (to record supplies used) | | | Jun | 30 | Utility Expense | 180 | | | | Utilities Payable | | 180 | | | (to record unpaid utility) | | | Jun | 30 | Insurance Expense | 240 | | | | Prepaid Insurance | | 240 | | | (to record insurance expired) | | | Jun | 30 | Unearned Service Revenue | 4100 | | | | Service Revenue | | 4100 | | | (to record revenue earned) | | | Jun | 30 | Salaries Expense | 1250 | | | | Salaries Payable | | 1250 | | | (to record accrued salaries) | | | Jun | 30 | Depreciation Expense | 250 | | | | Depreciation Equipment | | 250 | | | (to record monthly depreciation) | | | Jun | 30 | Accounts Payable | 3900 | | | | Service Revenue | | 3900 | | | (to record service revenue earned but not paid) | | |
B.
Cash Accounts Receivable
Bal. Jun 1 6850 Bal. Jun 1 7000
Bal. Jun 30 6850 Jun 30 Dr 3900 Bal. Jun 30 10900
Prepaid Insurance Supplies
Bal. Jun 1 2880 Bal. Jun 1 2000
Jun 30 Cr