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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.

General Ledger accounts
Account: Cash Account No. 101
Date Debit Credit Balance
July 01 21,700 (21,700)

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