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Safarl File Edit View History Bookmarks Window Help ezto.mheducation.com 0 connect ACCOUNTING hapter 2 Homework instructions I Question 9 (of 10 Save & Exit | | Sut value: 10.00 points (a) 12.000 () 6.000 900 1,600 820 g) Supplies Accounts Payable d) 10,000 Prepaid Insurance D. Belle, Capital (b) 4,80 Ka) 25,600 Equipment Delivery Services Revenue e) Gas and Oil Expense Use information from the T-accounts given above to prepare general journal entries for each of the seven transactions a through g

Explanation / Answer

Journal entry :

No. accounts & explanation debit credit (a) Cash 6000 Equipment 7600 Automobile 12000      D.Belle, capital 25600 (To record owner's capital) (b) Prepaid insurance 4800      Cash 4800 (To record prepaid insurance) (c) Office supplies 900     Cash 900 (To record office supplies purchased) (d) Office supplies 300 Equipment 9700      Account payable 10000 (To record purchase) (e) Cash 4500     Delivery service revenue 4500 (To record revenue) (f) Account payable 1600      Cash 1600 (To record amount paid) (g) Gas and oil expense 820      Cash 820 (To record expenses paid)

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