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15. JOURNAL ENTRIES. (10 Marks) John Doe opened a delivery business neare on October 1, 2010. Some of the accounts he uses are: Cash
15. JOURNAL ENTRIES. (10 Marks) John Doe opened a delivery business neare on October 1, 2010. Some of the accounts he uses are: Cash Delivery Equipment J. Doe, Withdrawals Accounts Payable Delivery Fees Earned Unearned Delivery Fees Accounts Receivable Delivery Supplies Vehicles J. Doe, Capital Advertising Expense Prepare general journal entries to record the following transactions, creating new accounts if required. June 1 John invested $20,000 cash and a $10,000 delivery truck in the business 2 Paid $150 for the purchase of delivery slips 3 Purchased delivery equipment for $5,000, financing the purchase with a bank loan. 5 Paid, on account, a bill from Nexus student newspaper for June advertising, $300 6 Billed the Chargers Football Team $40 for delivery of their uniforms. 12 Paid the bill from Nexus. 15 Received $8,400 from cash customers for delivery services 19 John withdrew $900 from the business for a personal vacation 20 Received $700 from Camosun College in advance for future delivery services 26 Received $20 from the Chargers Football Team as partial payment for the Jun 6* bill DATE ACCOUNT DEBIT CREDIT
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