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Transcations: June 1. Received cash from owner as an investment, $3,000. 2. Paid cash for supplies, $60. 3. Paid cash for Rent, $200 4. Received

image text in transcribedTranscations:

June

1. Received cash from owner as an investment, $3,000.

2. Paid cash for supplies, $60.

3. Paid cash for Rent, $200

4. Received cash from sales, $350

5.Paid cash for repairs, $10

8. Sold services on account to Joseph Corbett, $200

9. Bought supplies on account from Janitor Supplies, $500

10. Paid cash for insurance, $100

11. Received Cash from owner as an investment, $900

11. Received cash from sales. $300

12. Bought supplies on account from Derner office supplies, $50

13. received cash on account from Joseph Corbett, $125

15. Paid cash for miscellaneous expense, $5

16. Paid cash on account to janitor supplies, $50.

22. Paid cash for electric bill (utilities expense), $35

23. Paid cash for advertising, $30

25. Sold services on account to vera Rice, $220

26. Paid cash to owner for personal use, $600

30. Received cash on account from Vera Rice, $100

Instructions:

1) Analyze each transaction into its debit and credit parts.

2) For each transaction, write what account is debit and what account is credit.

3) on the attached journal entry / general Journal sheet, write the transaction in the proper format using these account names.

image text in transcribedimage text in transcribed

* Journal Entry format, Must follow * Date Description transaction Post Debit credit Account title (Debit impact) Account title (credit) Description of transaction Jun Transaction exercises analyze, question t write Instructions: @ Analyze each transaction into its debit and credit parts. for each transaction, write What account is debit and what account is credit on the attached Journal Entry / General Journal sheet, write the transaction in the proper format using these account names + Cash + Accounts Payable-Janitor Supplies + Accounts Receivable Joseph Corbett + Roarin tiger - Capital + Accounts Receivable - Verce Rice + Roarin' tigers- withdrawals & Supplies #sales + Advertising expense +Repair Expense + Prepaid insurance + Miscellaneous expense trent Expense + Accounts Payable - Derner Office Supplies tutilities expense General Journal Page Date Description Post Ref. Debit Credit

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