Be sure to read each transaction very carefully.

Skip a space between entries. Don't forget your description for each entry.

Remember, journal entries do not have $'s.

Need:

1) T-Accounts

2) Work Sheet

3) Income Statement

4) Balance Sheet

5) Post Closing Trial Balance

General Journal
					GENERAL JOURNAL
Date		Account Titles and Explanation					Debit	Credit
May	1	Rent Expense- Selling Space					2968
		Rent Expense- Office Space					742
			Cash					3710
		Paid May's rent
May	2	Accounts Receivable- Cole					6100
			Sales Revenue					6100
		Cost of Goods Sold					4100
			Merchandise Inventory					4100
		Merchandise Sales on credit