Accounting - Analysis

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Accounting - Analysis





Answer to question # 1

General journal

ABC COMPANY

General journal

For the period ended April 30,____

Date

Ref

Particulars

Dr

Cr

Apr

1

1

2

Cash Common stock

(shareholders' investment in common stock in exchange for cash)

$15000

15000

2

3

1

Rent expense

Cash

( payment of rent with cash) 900

900

3

4

5

Supplies

Account payable

(purchase of architectural supplies on account from spring green company)

1000

1000

10

6

7

Account receivable

Service revenue

(provided services on credit)

1500

1500

11

1

8

Cash

Unearned revenue

(received cash in advance from J. Madison)

500

500

20

1

7

Cash

Service revenue

(received cash for services provided to M. Svetlana) 2300

2300

30

9

Salary expense

Cash

(paid salary to receptionist)

1500

1500

30

5

1

Account payable Cash

(paid account payable due to Spring field company)

300

300

T-accounts Cash

 

common stock 15000

rent expense 900

unearned revenue 500

salary expense 1500

service revenue 2300

account ...
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