Use information from the T-accounts in Exercise 2-15 to prepare general journal entries for each of the seven transaction a through g.

Exercise 2-15

Assume the following T-accounts reflect Joy Co.’s general ledger and that seven transactions a through g are posted to them. Provide a short description of each transaction. Include the amounts in your descriptions.

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Cash Automobiles (a) 7,000 (b) 3,600 (a) 11,000 (e) 2,500 (c) 600 (f) 2,400 Accounts Payable (g) 700 (f) 2,400 (d) 9,600 Office Supplies (c) 600 (d) 200 (b) Prepaid Insurance 3,600 Equipment (g) (a) 5,600 (d) 9,400 D. Joy, Capital (a) Delivery Services Revenue (e) Gas and Oil Expense 700 23,600 2,500