Directions - Add each of the transactions to the journal. Create a total for Debits and Credits.

Asset Accounts

Liability Accounts

Owner's Equity Accounts

Transactions

Cash

Accounts Payable

Common Stock (equity)

Jan 1 - Customers drank $2000 of beer and paid you with cash.

Inventory

Notes Payable

Revenue

Jan 7th - Paid Employees $3000 of wages in cash

Equipment

Expenses

Jan 11th - Bought $4000 air conditioner on credit

Accounts Receivable

Dividends

Jan 13th - Customers drank $3000 worth of beer and will pay in 30 days

Jan 17th - Paid off $3000 loan with $3000 of cash

Date

Accounts and Descriptions

Debit

Credit