Homework Help is Here – Start Your Trial Now!
Business
Accounting
far 1 Cash RI 15,000.00 Bill Wiliams, Capital 3 Supplies Cash 15,000.00 2 CI 750.00 750.00 4 5 Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 1,000.00

far 1 Cash RI 15,000.00 Bill Wiliams, Capital 3 Supplies Cash 15,000.00 2 CI 750.00 750.00 4 5 Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 1,000.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%
Using the General Journal image below, write 4 business transaction sentences in the table for four sets of journal entries.
GENERAL JOURNAL PAGE 1 DOC. POST. GENERAL CREDIT DATE ACCOUNT TITLE NO. REF. DEBIT Mar 1 Cash R1 15,000.00 Bill Williams, Capital 3 Supplies Cash 15,000.00 2 C1 750.00 750.00 4 S Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 15 Accounts Payable-Lowe's Supply 1,000.00 . C3 500.00 NO Cash 500.00 0 15 Cash Sales T15 1,250.00 12 1,250.00 12 13 18 Accounts Receivable-Wayne, Inc. si 215.00 13 14 Sales 215.00 4 20 Rent Expense C4 250.00 15 Cash 250.00 25 Cash Accounts Receivable-Wayne, Inc. R2 215.00 17 215.00 30 Bill Williams, Drawing C5 1,000.00 Cash 1000 00
Transcribed Image Text:GENERAL JOURNAL PAGE 1 DOC. POST. GENERAL CREDIT DATE ACCOUNT TITLE NO. REF. DEBIT Mar 1 Cash R1 15,000.00 Bill Williams, Capital 3 Supplies Cash 15,000.00 2 C1 750.00 750.00 4 S Prepaid Insurance Cash C2 1,200.00 1,200.00 SSupplies MI 1,000.00 Accounts Payable-Lowe's Supply 15 Accounts Payable-Lowe's Supply 1,000.00 . C3 500.00 NO Cash 500.00 0 15 Cash Sales T15 1,250.00 12 1,250.00 12 13 18 Accounts Receivable-Wayne, Inc. si 215.00 13 14 Sales 215.00 4 20 Rent Expense C4 250.00 15 Cash 250.00 25 Cash Accounts Receivable-Wayne, Inc. R2 215.00 17 215.00 30 Bill Williams, Drawing C5 1,000.00 Cash 1000 00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS