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101 Cash 301 Colleen Miriam, Capital 103 Accounts Receivable 305 Colleen Miriam, Drawing 105 Supplies 401 Delivery Fee Income 107 Delivery Equipment 501 Advertising Expense
101 | Cash | 301 | Colleen Miriam, Capital | |
103 | Accounts Receivable | 305 | Colleen Miriam, Drawing | |
105 | Supplies | 401 | Delivery Fee Income | |
107 | Delivery Equipment | 501 | Advertising Expense | |
201 | Accounts Payable | 505 | Rent Expense | |
510 | Utilities Expense | |||
July | 1 | Colleen Miriam, the owner, invested $57,000 cash in the business. | |
1 | Issued Check 101 for $1,700 to pay the rent for July. | ||
5 | Bought delivery equipment for $12,750. Issued Check 102 for $7,500; balance is due in 60 days. | ||
9 | Purchased supplies for $410 cash,Check 103. | ||
11 | Returned damaged supplies and received a cash refund of $85. | ||
12 | Performed delivery services for $1,450 on credit. | ||
15 | Purchased supplies for $210 cash, Check 104. | ||
15 | Issued Check 105 for $250 for a newspaper advertisement. | ||
22 | Issued Check 106 for $320 to pay creditors for supplies. | ||
26 | Issued Check 107 for $1,750 to Colleen Miriam for personal expenses. | ||
27 | Performed delivery services for $3,350 cash. | ||
31 | Issued Check 108 for $400 for utilities. |
Prepare journal entries to record the above transactions. Post the transactions into the appropriate Cash general ledger account.
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