Question

instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. 84 General Journal You invested $13,000 in exchange for common stock to start Central Advertising Date Account PR Debt Credit 84 Purchased 6 months of insurance for $1500 cash 87 Purchased $8,000 of office equipment by paying $3,000 in cash and signing a one year note payable for the rest 8/10 Purchased $2,000 of advertising supplies for cash 8/13 Performed advertising services and charged the customer $5,000 on account to be paid later) 6/17 Received a ulity bill for $850 and decided to pay later. 8/20 A customer paid $4000 for advertising services to be performed in the future. 823 Paid half of the accounts payable from 17 8/25 A customer paid 58,000 in cash for advertising Services performed today. 828 Received half the balance from the 8/25 customer in cash 891 Paid $2.000 in dividends

Answer 1

Debit Crellit 13000 13000 1500 1300 8000 Cemral Joumel. Account Common stock xle - To Cash All 814 grepaiddusemenea por el Insurance Alc. a Po lash al 8/7 Equipment Al - To Cash All : To Notes payable ale Advertising Supplies Ale To Gsh Ale 18/13 Customer All Receivablas - To Advertising Revenue - ukiling bill Ale To Accounts payable... 3000 5000 2000 Wooo Gooo 66 850 sso 4000 Ale al Cash 4000 Po 8/23 : To Accounts - To Uncorned Revenue All payable Ale d Gsh All l 445 Scanned with CamScanner

Date Debit Credit 8000 8000 lash Al - To Advertising Renemua Cash ale - Accouts Receivable Dudents Ale To cash Al и соо 4000 2000 2000 Auonts payable yaslubility bill 850 Un cerned Renenue Gsh Cash 4000 - To balene 445 To balance Good Scanned with CamScanner

Account Receivables Prepaid Equipment Cash Cash 3000 Insurance 1500 Advertice he Raumur 6000/ Cash 4000 Cash Payable 5300 balance 2000 by halone ' balance 8000 Common Stock 13000 - Notes Parchet cash l equipmet 5000 Iblance 13000 To belene sood Cash All Supplies - Cash Advertising 2000 / poo Connon 13000 une - Revenue Adu 8000 Pre-paid 1500 Puenue Insurance Accont 4000 | Equipont 3000 Receivable Adu supples 2000 Account payable 425 To balance 5925 Quiduts dooo by balance 2000 utility Bippenses Accents payable 850 bobo Adverbisng Revence | lacool Recanath lash wh.bлее 140oo CS Scanned with CamScanner gooo buy dance 850 Rinidents Cash 2000 l by balenu dooo

like Debit I credit - 5925 2000 1520 8000 13000 5000 TRIAL BALANCE Accants lash Account Receitables Prepaid Insurance Equipment Common stock Notes payable basha Advertising Supplies Utility bills Advertising Renenue Liviolenta Account payable Uncerned Revenue, 2000 850 hooo P000 1425 4000 29350 29350 Scanned with CamScanner