Question

Journalize the selected transactions for the month of April in good form and identify each by the date. You do not need to list explanations. Please be sure to skip a line between each transaction. Use only the accounts from the list provided: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Building, Land, Accounts Payable, Wages Payable, Notes Payable, Unearned Rent, Agnus Evans, Capital, Agnus Evans, Drawing, Fees Earned, Supplies Expense, Rent Expense, Wages Expense, Utilities Expense, and Miscellaneous Expense.

April 1     Invested $350,000 in the company.

April 3     Purchased equipment for $55,000, paying $10,000 in cash and giving a note payable for the remainder.

April 4     Paid $1,000 for rent for the month.

April 5     Purchased $8,500 of supplies on account.

April 6     Recorded $7,500 of fees earned on account.

April 7     Paid $1200 to creditors on account.

Apjril 7     Received $9,000 from customers on account.

April 8     The owner withdrew $3,000 for personal use.

April 11     Paid wages of $8,890.

April 14      Received $29,300 in cash for fees earned.

Answer 1

Date	Title	Debit	Credit
Apr-01	Cash	$ 350,000
	Agnus Evans, Capital		$ 350,000
Apr-03	Equipment	$    55,000
	Cash		$    10,000
	Note payable		$    45,000
Apr-04	Prepaid rent	$      1,000
	Cash		$      1,000
Apr-05	Supplies	$      8,500
	Accounts payable		$      8,500
Apr-06	Accounts receivable	$      7,500
	Fees Earned		$      7,500
Apr-07	Accounts payable	$      1,200
	Cash		$      1,200
Apr-07	Cash	$      9,000
	Accounts receivable		$      9,000
Apr-08	Agnus Evans, Drawings	$      3,000
	Cash		$      3,000
Apr-11	Wages expenses	$      8,890
	Cash		$      8,890
Apr-14	Cash	$    29,300
	Fees earned		$    29,300
Apr-30	Rent expenses	$      1,000
	Prepaid rent		$      1,000