The options for General Journal:

No Journal Entry Required

Accounts Payable

Accounts Receivable

Accumulated Amortization

Accumulated Depreciation?Buildings

Accumulated Depreciation?Equipment

Accumulated Depreciation?Vehicles

Advertising Expense

Amortization Expense

Bad Debt Expense

Buildings

Cash

Common Stock

Copyrights

Cost of Goods Sold

Delivery Expense

Depreciation Expense

Dividends

Dividends Payable

Donation Revenue

Equipment

Franchise Rights

Goodwill

Income Tax Expense

Income Tax Payable

Insurance Expense

Interest Expense

Interest Payable

Interest Receivable

Interest Revenue

Inventory

Land

Legal Expense

Licensing Rights

Logo and Trademarks

Notes Payable (long-term)

Notes Payable (short-term)

Notes Receivable (long-term)

Notes Receivable (short-term)

Office Expenses

Patents

Prepaid Advertising

Prepaid Insurance

Prepaid Rent

Rent Expense

Rent Revenue

Repairs and Maintenance Expense

Retained Earnings

Salaries and Wages Expense

Salaries and Wages Payable

Sales Revenue

Service Revenue

Short-term Investments

Software

Subscription Revenue

Supplies

Supplies Expense

Travel Expense

Unearned Revenue

Utilities Expense

Vehicles

M2-15 Identifying Transactions and Preparing Journal Entries [LO 2-3] Joel Henry founded Bookmart.com at the beginning of August, which sells new and used books online. He is passionate about books but does not have a lot of accounting experience. a. The company purchased equipment for $4,100 cash. The equipment is expected to be used for 10 or more years b. Joel's business bought $7,100 worth of inventory from a publisher. The company will ay the publisher within 45-60 days. c. Joel's friend Sam lent $4,100 to the business. Sam had Joel write a note promising that Bookmart.com would repay the $4,100 in four months. Because they are good friends, Sam is not going to charge Joel interest d. The company paid $1,550 cash for books purchased on account earlier in the month. e. Bookmart.com repaid the $4,100 loan established in (c). Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)