On April 1, 2012, Kathleen Alvarez established an interior decorating business,
ID: 2505061 • Letter: O
Question
On April 1, 2012, Kathleen Alvarez established an interior decorating business, Intrex Designs.
During the month, Kathleen completed the following transactions related to the business:
******Journalize each transaction in a two-column journal************
24. Received an invoice for truck expenses, to be paid in April, $1,000.
Enter the following transactions on Page 2 of the two-column journal.
29. Paid utilities expense, $1,500.
29. Paid miscellaneous expenses, $750.
30. Received cash from customers on account, $7,800.
30. Paid wages of employees, $4,000.
30. Paid creditor a portion of the amount owed for equipment purchased on
April 6, $2,500.
30. Withdrew cash for personal use, $2,000.
Explanation / Answer
Cash Account
Date
Particulars
Amount(Dr.)
Date
Particulars
Amount(Cr.)
To Debtors A/c
7800
By Utility Expenses A/c
1500
By Misc. Exp. A/c
750
By Wages A/c
4000
By Creditors A/c
2500
By Drawings A/c
2000
Balance b/f
2950
Total
10750
Total
10750
Cash Account
Date
Particulars
Amount(Dr.)
Date
Particulars
Amount(Cr.)
To Debtors A/c
7800
By Utility Expenses A/c
1500
By Misc. Exp. A/c
750
By Wages A/c
4000
By Creditors A/c
2500
By Drawings A/c
2000
Balance b/f
2950
Total
10750
Total
10750
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