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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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