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For each transaction, prepare a basic analysis and a debit/credit analysis. (If no entry is required, select No Entry for the specific accounts and enter
For each transaction, prepare a basic analysis and a debit/credit analysis. (If no entry is required, select "No Entry" for the specific accounts and enter 0 for the amounts, leave other fields blank.)
Date | Basic Type | Increase/Decrease | Specific Account | Amount | |||||||
June 1 | Debit | LiabilityExpenseOwner's EquityRevenueDrawingsAsset | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | LiabilityOwner's EquityRevenueExpenseDrawingsAsset | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
2 | Debit | AssetLiabilityRevenueOwner's EquityExpenseDrawings | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | AssetOwner's EquityLiabilityExpenseDrawingsRevenue | DecreasesIncreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
5 | Debit | Owner's EquityLiabilityRevenueDrawingsAssetExpense | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | RevenueDrawingsOwner's EquityExpenseLiabilityAsset | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
9 | Debit | RevenueExpenseAssetLiabilityDrawingsOwner's Equity | DecreasesIncreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | Owner's EquityLiabilityExpenseDrawingsAssetRevenue | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
14 | Debit | LiabilityExpenseOwner's EquityDrawingsRevenueAsset | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | AssetRevenueOwner's EquityLiabilityExpenseDrawings | DecreasesIncreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
17 | Debit | Owner's EquityLiabilityAssetRevenueDrawingsExpense | IncreasesDecreases | D. Bratt, DrawingsSuppliesUnearned RevenueAccounts PayableSalaries ExpenseEquipmentCashUtilities ExpenseInsurance ExpenseAdvertising ExpenseNotes PayableService RevenueD. Bratt, CapitalPrepaid InsuranceRent ExpenseAccounts ReceivableNo EntryVehicles | $ | ||||||
Credit | LiabilityDrawingsExpenseOwner's EquityAssetRevenue | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
19 | Debit | RevenueDrawingsExpenseAssetOwner's EquityLiability | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | LiabilityOwner's EquityExpenseRevenueAssetDrawings | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
29 | Debit | LiabilityRevenueAssetExpenseDrawingsOwner's Equity | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | Owner's EquityLiabilityRevenueExpenseAssetDrawings | DecreasesIncreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
30 | Debit | LiabilityAssetRevenueDrawingsExpenseOwner's Equity | DecreasesIncreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | LiabilityAssetExpenseRevenueDrawingsOwner's Equity | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | |||||||
30 | Debit | ExpenseLiabilityOwner's EquityAssetDrawingsRevenue | DecreasesIncreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ | ||||||
Credit | Owner's EquityDrawingsExpenseAssetLiabilityRevenue | IncreasesDecreases | Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles | $ |
Bratt Plumbing Company had the following transactions for June. June 1 2 5 9 Paid $620 for rent for the month of June. Paid $210 for one month of insurance. Collected $1.155 for plumbing services provided. Provided Jeff Dupuis, a potential customer, with an estimate of $400 for plumbing work that will be performed in July if the customer hires Bratt Plumbing. Paid $620 for supplies purchased on account in May. The purchase in May had been correctly recorded. Billed Rudy Holland $1,360 for plumbing work performed. Jeff Dupuis agreed to hire Bratt Plumbing (see the June 9 transaction) and gave Bratt Plumbing a down payment of $75. 14 17 19 29 Purchased $1,655 of equipment on account. 30 Paid an employee $905. 30 Paid D. Bratt, the company owner, $1,175
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