Question

(4). Record the following selected transactions for April in a two-column journal, identifying each entry by letter. Omit explanation.

April

            (a) On April 1^st, received $18,000 from Katie Long, owner.

(b) On April 2nd, purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder.

(c) On April 5^th, paid $2,300 for rent for April.

(d) On April 8^th, purchased $1,500 of supplies on account.

(e) On April 10^th, recorded $9,800 of fees earned on account.

(f) On April 17^th, received $7,500 in cash for fees earned.

(g) On April 21^st, paid $1,200 to creditors on account.

(h) On April 25^th, paid wages of $3,425.

(i) On April 28^th, received $7,900 from customers on account.

(j) On April 30^th, recorded owner's withdrawal of $1,875.

General Journal

Problem ___4__

Date	Account Titles	Ref.	Debits	Credits

Answer 1

Journal entry ;

Date	accounts & explanation	debit	credit
Apr 1	Cash	18000
	Owner's capital		18000
	(To record owner's investment)
Apr 2	Equipment	27000
	Cash		10000
	Notes payable		17000
	(To record purchase equipment)
Apr 5	Rent expense	2300
	Cash		2300
	(To record rent paid)
Apr 8	Supplies	1500
	Account payable		1500
	(To record purchase supplies)
Apr 10	Account receivable	9800
	Fees revenue		9800
	(To record fees earned)
Apr 17	Cash	7500
	Fees revenue		7500
	(To record fees revenue)
Apr 21	Account payable	1200
	Cash		1200
	(To record amount paid)
Apr 25	Wages expense	3425
	Cash		3425
	(To record wages paid)
Apr 28	Cash	7900
	Account receivable		7900
	(To record amount received)
Apr 30	Owner's drawing	1875
	Cash		1875
	(To record owner's withdrawal)