Question

low Polides Attenere 52 Arabelled $535, E S medical order the name re MO 2021 On 31. the balance sheet POO Accounts Payable 4.700, Note Payable 52.100, and Oriol Capital 5.005. During September, the $2.300 AC wing transactions are ider was on count Sept 4 Collected $1.300 of our recevabile 5 Provided services 0220 w 36.900 was collected from plants and r 7 Puld $.00 on accounts payable 12 Purchadondoo 250 handling the 15 Pada 44100 for Sex 52004 and a 18 Collected the balance of the receivable from 20 Wiew 1650 for personal 26 Brod 2 100 from the Bank of Montron antep

Answer 1

Journal Entries:

Date	Account Titles and Explanation	Debit	Credit
Sept. 4	Cash	$1,300
	Accounts Receivable		$1,300
	(To record the collection of accounts receivable)
Sept. 5	Cash	$6,900
	Accounts Receivable ($9,220 - $6,900)	$2,320
	Service Revenue		$9,220
	(To record the service revenue earned)
Sept. 7	Accounts Payable	$1,900
	Cash		$1,900
	(To record the payment made to creditors)
Sept. 12	Equipment	$2,595
	Cash		$651
	Accounts Payable ($2,595 - $651)		$1,944
	(To record the purchase of equipment by cash and on account)
Sept. 15	Salaries Expense	$4,100
	Rent Expense	$2,004
	Advertising Expense	$209
	Cash ($4,100 + $2,004 + $209)		$6,313
	(To record the payment of salaries, rent and advertising expenses)
Sept. 18	Cash	$2,320
	Accounts Receivable		$2,320
	(To record the collection of accounts receivable)
Sept. 20	Drawings	$650
	Cash		$650
	(To record the withdrew of $650 for personal use)
Sept. 26	Cash	$2,100
	Note Payable		$2,100
	(To record the amount borrowed from bank by issuing a note)

Note: Based on the information in the question, journal entries are prepared, if you need help with T-Accounts also then please do comment so that i will add T-Accounts as well.