Question

TRANSACTIONS
	1	1,500	Purchased office supplies; cash $300; balance on account.
	2	18,000	Paid 6 months rent in advance
	3	30,000	Purchased equipment by signing a note payable.
	4	700	Received advertising bill.
	5	3,000	Billed customer
	6	4500	Paid 15% on equipment liability.
	7	700	Paid advertising bill in 4 above.
	8	2400	Received 80% of amount owed from customer previously billed.

ADJUSTING ENTRIES
	A	500	Office supplies on hand.
	B		1 month rent expired.
	C		Depreciation expense on equipment = cost / 60 months.
	D	2,000	Performed services.
	E	150	Phone bill received but not paid.
	F	3,300	Salaries owed.

How would i put these into my General Journal and what would the blanks be?

Answer 1

Account Titles	Debit	Credit
Office Supplies	$           1,500.00
Cash		$              300.00
Accounts Payable		$           1,200.00
Prepaid Rent	$        18,000.00
Cash		$        18,000.00
Equipment	$        30,000.00
Notes Payable		$        30,000.00
Advertising Expense	$              700.00
Accounts Payable		$              700.00
Accounts Receivable	$           3,000.00
Service Revenue		$           3,000.00
Notes Payable	$           4,500.00
Cash		$           4,500.00
Accounts Payable	$              700.00
Cash		$              700.00
Cash	$           2,400.00
Accounts Receivable		$           2,400.00

Adjusting Entries

Account Titles	Debit	Credit
Office Supplies Expense	$           1,000.00
Office Supplies		$           1,000.00
Rent Expense	$           3,000.00
Prepaid Rent		$           3,000.00
Depreciation Expense	$              500.00
Accumlated Depreciation		$              500.00
Accounts Receivable	$           2,000.00
Service Revenue		$           2,000.00
Telephone Expenses	$              150.00
Accounts Payable		$              150.00
Salaries Expense	$           3,300.00
Salaries Payable		$           3,300.00