Exercise 3-01

Lisa Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.

April2 Invested $28,720 cash and equipment valued at $11,820 in the business.

April 2 Hired an administrative assistant at a salary of $299 per week payable monthly.

April 3 Purchased supplies on account $594. (Debit an asset account.)7Paid office rent of $629 for the month.

April 11 Completed a tax assignment and billed client $935 for services rendered. (Use Service Revenue account.)

April 12 Received $2,997 advance on a management consulting engagement.

April 17 Received cash of $2,046 for services completed for Ferengi Co.

April 21 Paid insurance expense $113.

April 30Paid administrative assistant $1,196 for the month.

April 30 A count of supplies indicated that $131 of supplies had been used.

April 30Purchased a new computer for $5,272 with personal funds. (The computer will be used exclusively for business purposes.)

Journalize the transactions in the general journal.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date Account Titles and Explanation Debit Credit

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 2

Apr. 3

Apr. 7

Apr. 11

Apr. 12

Apr. 17

Apr. 21

Apr. 30

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount