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Version 1.0 Professor Jenny Zhou Student: AU YIK LAP
Weygandt, Financial Accounting, 5/e
GENERAL JOURNAL
Young's Carpet Cleaners Inc.
Posted Acct. No.
101 311
十十 23, 2007
Section:
AF2108
Problem: P4-5B
Date
03/01/2005
Entry No.
1
Account Name
Cash Common Stock (Issued shares of stock for cash)
Entry Type
S
Debit
10,000.00
Credit
10,000.00
03/01/2005
2
157 101 201
Equipment Cash Accounts Payable (Purchased truck for cash with balance on account) Cleaning Supplies Accounts Payable (Purchased cleaning supplies on account) Prepaid Insurance Cash (Paid one-year policy; effective date March 1) Accounts Receivable Service Revenue (Billed customers for service provided) Accounts Payable Cash
S
6,000.00 3,000.00 3,000.00
03/03/2005
3
128 201
S
1,200.00 1,200.00
03/05/2005
4
130 101
S
1,800.00 1,800.00
03/14/2005
5
112 400
S
2,800.00 2,800.00
03/18/2005
6
201 101
S
2,000.00 2,000.00
03/20/2005
7
726 101
(Paid $1500 cash on amount owed on truck and $500 on amount owed on cleaning supplies) Salaries Expense S Cash (Paid salaries to date)
1,800.00 1,800.00
03/21/2005
8
101 112
Cash Accounts Receivable
S
1,400.00 1,400.00
03/28/2005
9
112 400
(Collected cash from customers billed on March 14) Accounts Receivable S Service Revenue (Billed customers for service provided) Gas & Oil Expense Cash (Paid gas and oil for month on truck)
2,500.00 2,500.00
03/31/2005
10
633 101
S
200.00 200.00
03/31/2005
11
332 101
Dividends Cash (Declared and paid a cash dividend)
S
700.00 700.00
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