Question

how do you journalize these entries?

Pat invested 16000cash and 10200 worth of snow equipment into the plowing company

Paid rent 6 months in advance for garage space 2400

Purchased office equipment from Lang Corp for 12000 on account

Purchased snow supplies for 300 cash

Collected 8000 from plowing local shopping centers

Pat Munro withdrew 8000 from the business for personal use

Plowed Mayfield parking lots payment not to be recieved until March, 5000

Paid salaries to employees, 2200

Paid Lang Corp one half amount owed for office equipment

Advertinsing bill recieved from taft co, but will not be paid until March, 800

Paid telephone bill, 140

Answer 1

Date	Title	Debit	Credit
	Cash	$ 16,000
	Equipment	$ 10,200
	Capital		$ 26,200
	(To record receipt of cash and equipment as capital)
	Prepaid rent	$    2,400
	Cash		$    2,400
	(To record prepayment of rent)
	Office equipment	$ 12,000
	Accounts payable - Lang Corp		$ 12,000
	(To record purchase of office equipment on account)
	Supplies	$        300
	Cash		$        300
	(To record purchase of supplies for cash)
	Cash	$    8,000
	Service revenue		$    8,000
	(To record collection from plowing)
	Withdrawals	$    8,000
	Cash		$    8,000
	(To record withdrawals by owner)
	Accounts receivable	$    5,000
	Service revenue		$    5,000
	(To record service rendered in account)
	Salaries expenses	$    2,200
	Cash		$    2,200
	(To record payment of salaries expense)
	Accounts payable - Lang Corp ($12,000/2)	$    6,000
	Cash		$    6,000
	(To record paymentof half amount on account)
	Advertising expenses	$        800
	Accounts payable		$        800
	(To record advertising expense on account)
	Telephone expenses	$        140
	Cash		$        140
	(To record payment of telephone expenses

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