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This is a simple journal entry project. I want to make sure that you understand the basics of journal entries. Look at the calendar and make a journal entry for each transaction. At the bottom of the calendar page I listed the accounts that you will use. Use only these to complete the journal page. This is basic chapter 2 debits and credits journal entries. Let's look at the first entry. You open your business with $500. What did the business gain? $500 cash. That is your debit entry. What what is the credit entry to make the equation balance? Capital, so credit Capital for $500. Cash 500 Capital 500 This is what the journal entry should look like. When it comes to revenues, the cash is the debit for the total of the 2 credits. Tip Revenue is a credit. Delivery Revenue is a credit. This is what we call a compound transaction. One debit followed by 2 credits. You could have it the other way around too. Let's say you buy a computer and supplies with cash. You would have 2 debits for the assets and then one credit for the cash. Sept 2017 Sunday Monday 31 Tuesday 1 Wednesday Thursday 2 3 4 Friday Saturday 5 7 10 11 12 Opened business bank account with personal cash, $500 15 16 13 14 Borrowed $1,000 Purchased cash from parents equipment with and sign a Note cash costing $440 Payable to keep pizza warm during delivery 17 18 19 Purchased Delivered pizzas Delivered pizzas gasoline, $60 cash receiving $60 from receiving $60 Pizza Aroma plus from Pizza Aroma plus tips of $20 tips of $15 20 21 24 22 123 Delivered pizzas to an office party will receive $40 on the first of next month 25 26 Delivered pizzas Delivered pizzas receiving $100 cash receiving $90 and $25 in tips cash and $20in tips 12 Opened business bank account with personal cash, $500 16 13 Borrowed $1,000 cash from parents and sign a Note Payable 14 15 Purchased equipment with cash costing $440 to keep pizza warm during delivery 17 18 19 Purchased Delivered pizzas Delivered pizzas gasoline, $60 cash receiving $60 from receiving $60 Pizza Aroma plus from Pizza tips of $15 Aroma plus tips of $20 20 121 24 25 22 123 Delivered pizzas to an office party Will receive $40 on the first of next month 26 Delivered pizzas Delivered pizzas receiving $100 cash receiving $90 and $25 in tips cash and $20in tips 27 28 29 30 Received $50 now Repaid parents Withdrew $150 to deliver pizzas on $250 for the note. cash for personal Oct. 2 expenses Chart of Accounts Cash, Equipment, Accounts Receivable, Notes Payable, Unearned Revenue, Capital, Gas Expense Delivery Revenue, Tip Revenue. Owner Withdrawal. Name General Journal NERAL JOURN Account Titles and Explanation P.R. Debit Credit Date Sept 11 13 10 11 12. NOE $9999&SSS 13 14 17 18 14 15 16 17 18 19 20 21 22 23 24 25 26 19 E F G H K M 19 22 25 26 28 29 30