Question

1. A jorurnal including journal entries for the first two months of operations. At least 40 is required.

2. General ledger. Include any necessary subsidiary leger for jobs, customers and suppliers

Hi, so this is my part for a group project. Im stuck on the journal entries,were doing a notebook company

so far i have the basic journal enries like rent expense ink and paper inventory. Thanks

if anybody can just give me a some examples of transaction entries or journal entries in general that would be great.

Answer 1

I am answering first question as per rule.

Note: As per requirements I am giving examples of some transactions that can be recorded in general journal;

S. No.	Accounts titles & Expanation	Debit	Credit
1.	For sale revenue;
	Cash
	Sales revenues
2.	For interest revenue;
	Cash
	Interest revenue
3.	For Rent expense;
	Rent expense
	Cash
4.	For salary expense;
	Salary expense
	Cash
5.	For depreciation expense;
	Depreciation expense
	Accumulated depreciation
6.	For prepaid expense;
	Prepaid expense
	Cash
7.	For expired prepaid expense;
	Expenses
	Prepaid expense
8.	For consumption of supplies;
	Supplies expenses
	Supplies
9.	For purchase of equipment;
	Equipment
	Cash
10.	For sale of Equipment;
	Cash
	Equipment
11.	For recording issue of common stock;
	Cash
	Common stock
12.	For recording issue of bond;
	Cash
	Bond payable
13.	For discharging bond liabilities;
	Bond payable
	Cash
14.	For administrative expenses;
	Administrative expenses
	Cash
15.	For recording unearned revenues;
	Unearned revenues
	Service revenues
16.	For account sales;
	Accounts receivables
	Sales revenues
17.	For collection from accounts receivables;
	Cash
	Accounts receivables
18.	For allowance for doubtful accounts;
	Allowance for doubtful accounts
	Accounts receivables
19.	For bad debt expense;
	Bad debt expesne
	Allowance for doubtful accounts
20.	For account purchase;
	Purchases
	Accounts payables
21.	For payment of accounts payable;
	Accounts payable
	Cash
22.	For accrued interest;
	Interest expense
	Accrued interest
23.	Payment of accrued interest;
	Accrued interest
	Cash
24.	For raising short-term loan;
	Cash
	Bank loan
25.	Repayment of loan;
	Bank loan
	Cash
26.	Dividend declaration;
	Retained earnings
	Dividend payable
27.	Payment of dividend;
	Dividend payable
	Cash
28.	For stock repurchase;
	Treasury stock
	Cash
29.	For taxes expenses;
	Tax expenses
	Taxes payable
30.	For payment of taxes;
	Taxes payable
	Cash