General Journal GJ1 Trans. # April Date Account Title Post Ref Debit Amt. Credit
ID: 2363555 • Letter: G
Question
General Journal GJ1 Trans. # April Date Account Title Post Ref Debit Amt. Credit Amt. 1 2 Cash $ 15,000 Common stock (1000 Shares) 1,000 Additional paid in excess of par 14,000 To record purchase of stock 1000 shares. 2 3 Vehicles 12,000 Cash 2,000 Notes payable 10,000 To record purchase of truck for company. 3 4 Equipment 4,320 Cash 4,320 To record purchase of lawn mower. 4 7 Gas & Oil Expense 40 Cash 40 To record purchase of gas and oil. 5 8 Prepaid Insurance 1,200 Cash 1,200 To record one year prepaid insurance. 6 9 Office supplies 50 Accounts payable 50 To record purchase of office supplies. 7 10 Cash 350 Lawn cutting revenue 350 To record payment for seven lawns. 8 11 Cash 100 Accounts recievable 125 Lawn cutting revenue 225 9 12 Cash 500 Unearned revenue 500 To record prepayment with ABC Corp. 10 14 Advertising expense 50 Cash 50 To record advertisment. 11 15 Cash 75 Accounts recivable 125 Lawn cutting revenue 200 To record 4 lawns. 12 16 Gas & Oil Expense 70 Cash 70 To record purchase of gas and oil. 13 16 Equipment 1,500 Computer 1,500 Purchased computer for business use. 14 17 Cash 85 Accounts recivable 350 Lawn cutting revenue 435 To record 6 lawns. 15 18 Unearned revenue 225 Lawn cutting revenue 225 To record payment of billed services. 16 19 Wages 150 Cash 150 To record wages paid this week. 17 21 Gas & Oil Expense 75 Cash 75 To record purchase of gas and oil. 18 23 Cash 80 Accounts recivable 95 Lawn cutting revenue 175 To record 4 lawns. 19 24 Cash 90 Accounts recivable 175 Lawn cutting revenue 265 To record 4 lawns. 20 26 Gary personal 600 Cash 600 Owner personal use withdrawl. 21 30 Insurance expense 100 Prepaid insurance 100 Expired monthly insurance. 22 30 Supplies expense 30 Supplies 30 Supplies used 23 30 Depreciation expense 320 Accumulated depreciation 320 To record $120 dep mowers, 200 on truck. $ 37,880 $ 37,880 General Journal GJ1 Trans. # April Date Account Title Post Ref Debit Amt. Credit Amt. 1 2 Cash $ 15,000 Common stock (1000 Shares) 1,000 Additional paid in excess of par 14,000 To record purchase of stock 1000 shares. 2 3 Vehicles 12,000 Cash 2,000 Notes payable 10,000 To record purchase of truck for company. 3 4 Equipment 4,320 Cash 4,320 To record purchase of lawn mower. 4 7 Gas & Oil Expense 40 Cash 40 To record purchase of gas and oil. 5 8 Prepaid Insurance 1,200 Cash 1,200 To record one year prepaid insurance. 6 9 Office supplies 50 Accounts payable 50 To record purchase of office supplies. 7 10 Cash 350 Lawn cutting revenue 350 To record payment for seven lawns. 8 11 Cash 100 Accounts recievable 125 Lawn cutting revenue 225 9 12 Cash 500 Unearned revenue 500 To record prepayment with ABC Corp. 10 14 Advertising expense 50 Cash 50 To record advertisment. 11 15 Cash 75 Accounts recivable 125 Lawn cutting revenue 200 To record 4 lawns. 12 16 Gas & Oil Expense 70 Cash 70 To record purchase of gas and oil. 13 16 Equipment 1,500 Computer 1,500 Purchased computer for business use. 14 17 Cash 85 Accounts recivable 350 Lawn cutting revenue 435 To record 6 lawns. 15 18 Unearned revenue 225 Lawn cutting revenue 225 To record payment of billed services. 16 19 Wages 150 Cash 150 To record wages paid this week. 17 21 Gas & Oil Expense 75 Cash 75 To record purchase of gas and oil. 18 23 Cash 80 Accounts recivable 95 Lawn cutting revenue 175 To record 4 lawns. 19 24 Cash 90 Accounts recivable 175 Lawn cutting revenue 265 To record 4 lawns. 20 26 Gary personal 600 Cash 600 Owner personal use withdrawl. 21 30 Insurance expense 100 Prepaid insurance 100 Expired monthly insurance. 22 30 Supplies expense 30 Supplies 30 Supplies used 23 30 Depreciation expense 320 Accumulated depreciation 320 To record $120 dep mowers, 200 on truck. $ 37,880 $ 37,880Explanation / Answer
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