General Journal Date Description(Account Name) Debit Credit 7/1/2012 Cash 24,000
ID: 2386464 • Letter: G
Question
General Journal
Date Description(Account Name) Debit Credit
7/1/2012 Cash 24,000
Common Sotck 24,000
7/1/2012 Prepaid Insurance 2400
Cash 2400
7/1/2012 Rent Expense 2080
Cash 2080
7/3/2012 Landscaping Equipment 8800
Cash 1200
Accounts Payable 7600
7/8/2012 Landscaping Supplies 780
Accounts Payable 780
7/12/2012 Utility Expese 308
Cash 308
7/16/2012 Cash 2724
Landscaping Revenue 2724
7/19/2012 Accounts Payable 400
Cash 400
7/31/2012 Cash 2620
Landscaping Revenue 2620
7/31/2012 Retained Earnings 1600
Cash 1600
45712 45712
Explanation / Answer
Dr Insurance Expense $200
Cr Prepaid Insurance $200
Expensed Insurance for July
Dr Acct Payable 400
Cr Cash 400
Supplie Lakeside paid partila paymnt
Dr Acct Payable 1200
Cr Cash 1200
Paid $1200 to Brrokwood
Retained Earnings Dr 2356
Net Income Cr 2356
CLosed out Income acct
Dr Dividend Paid $1600
Cr Cash $1600
DIvidend declared & paid
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.