Question
Pizza Delivery Worksheet This is a simple journal entry project. I want to make sure that you understand the basics of journal entries. Look at
Pizza Delivery Worksheet
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
September 2017
Friday 11 - Opened business bank account with personal cash, $500
Sunday 13 - Borrowed $1,000 cash from parents and sign a Note Payable
Monday 14 - Purchased equipment with cash costing $440 to keep pizza warm during delivery
Thursday 17 - Purchased gasoline, $60 cash
Friday 18 - Delivered pizzas receiving $60 from Pizza Aroma plus tips of $15
Saturday 19 - Delivered pizzas receiving $60 from Pizza Aroma plus tips of $20
Tuesday 22 - Delivered pizzas to an office party. Will receive $40 on the first of next month
Friday 25 - Delivered pizzas receiving $100 cash and $25 in tips
Saturday 26 - Delivered pizzas receiving $90 cash and $20in tips
Monday 28 - Received $50 now to deliver pizzas on Oct. 2
Tuesday 29 - Repaid parents $250 for the note.
Wednesday 30 - Withdrew $150 cash for personal expenses
Chart of Accounts
Cash, Equipment, Accounts Receivable, Notes Payable, Unearned Revenue, Capital, Gas Expense
Delivery Revenue, Tip Revenue, Owner Withdrawal
Date | Account Titles and Explanation | P.R. | Debit | Credit |
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