Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Posting the below information Journal Entries Date Account Title and Description Ref Debit Credit Oct 1 1000000 Cash Owner's Captial (invested in account) 101

Please Posting the below information image text in transcribed

Journal Entries Date Account Title and Description Ref Debit Credit Oct 1 1000000 Cash Owner's Captial (invested in account) 101 102 1000000 Date Account Title and Description Ref Debit Credit Oct 1 30000 Staff meals Expense Cash (paid staff meals in cash) 103 101 30000 Date Account Title and Description Ref Debit Credit Oct 2 100000 Supplies Expense Cash (Purchase office supplies) 104 101 100000 Date Account Title and Description Ref Debit Credit Oct 5 Cash 121000 101 105 121000 Sales Revenue (wholesaled boston lobsters) Date Account Title and Description Ref Debit Credit Oct 6 101 100000 105 100000 Cash Sales Revenue (sales vegetables Minutes) to Five Date Account Title and Description Ref Debit Credit Oct 10 Advertising Expense Account payable (Purchase advertising service) 106 50000 107 50000 Date Account Title and Description Ref Debit Credit Oct 16 108 12000 Account receivable Sales Revenue 105 12000 (received revenue in account) Date Account Title and Description Ref Debit Credit Oct 18 5000 Utility Expense Cash (paid for utility) 109 101 5000 Date Account Title and Description Ref Debit Credit Oct 25 250000 Salary Expense Account payable (paid for salary in account) 110 107 250000 Date Account Title and Description Ref Debit Credit Oct 30 50000 Rental Expense Cash (paid for rental) 111 101 50000 Date Account Title and Description Ref Debit Credit Nov 1 Staff meals Expense Cash (paid staff meals in cash) 103 30000 101 30000 Date Account Title and Description Ref Debit Credit Nov 1 Cash 20 101 105 20 Sales Revenue (sales vegetables to Hanburger) Date Account Title and Description Ref Debit Credit Nov 1 Utility Expense Cash (paid for utility) 109 | 7000 101 7000 Date Account Title and Description Ref Debit Credit Nov 2 5000 Advertising Expense Cash 106 101 5000 (Purchase advertising service) Date Account Title and Description Ref Debit Credit Nov 8 6000 Cash Account payable (borrow from bank) 101 107 6000 Date Account Title and Description Ref Debit Credit Nov 13 112 2500 Decorations Expense Cash Account payable (paid for decorations) 101 107 1000 1500 Date Account Title and Description Ref Debit Credit Nov 16 2700 113 101 2700 Ordered Expense Cash (ordered seeds market) from seed Date Account Title and Description Ref Debit Credit Nov 25 250000 Salary Expense Account payable (paid for salary in account) 110 107 250000 Date Account Title and Description Ref Debit Credit Dec 1 Staff meals Expense Cash (paid staff meals in cash) 103 30000 101 30000 Date Account Title and Description Ref Debit Credit Dec 6 100000 101 105 100000 Cash Sales Revenue (sales vegetables Minutes) to Five Date Account Title and Description Ref Debit Credit Dec 8 5000 Account receivable Rental Revenue (rental revenue received) 108 114 5000 Date Account Title and Description Ref Debit Credit Dec 13 101 10000 105 10000 Cash Sales Revenue (sales snacks to supermarket company) Date Account Title and Description Ref Debit Credit Dec 15 5000 Owner's Equity Drawing 115 116 5000 Date Account Title and Description Ref Debit Credit Dec 15 200000 Bonuses Expense Cash (paid for bonuses) 117 101 200000 Date Account Title and Description Ref Debit Credit Dec 18 50000 Cash Note payable (borrowed from bank) 101 118 50000 Date Account Title and Description Ref Debit Credit Dec 20 111 5000 10000 Rental Expense Service Expense Cash (Annual meeting expense) 119 101 15000 Date Account Title and Description Ref Debit Credit Dec 20 Equipment expense 120 50000 101 50000 Cash (buy refrigeration equipment by cash) Date Account Title and Description Ref Debit Credit Dec 25 250000 Salary Expense Account payable (paid for salary in account) 110 107 250000 Date Account Title and Description Ref Debit Credit Dec 31 10000 Account receivable Rental Revenue (rental revenue received) 108 114 10000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Accounting Finance And Auditing For Lawyers

Authors: Lawrence A. Cunningham

5th Edition

0314912606, 978-0314912602

More Books

Students also viewed these Accounting questions

Question

a neglect of quality in relationship to international competitors;

Answered: 1 week ago