Question

MO Excel file at View Insert Format Tools Data Window Help P1.1 blank (1) Review Insert Home Draw Page Layout Formulas Data View Tell me Σ w Delete 27. X AA General Calon Body 19 Wrap Ca EE Sort her 321 $ % Condo Forma Formatting sa A1 Xfx 11 study the transactions for the month of March 2019 shown in the following it and O Account Titles Deb Credit . 11 study the transactions for the month of March 2010 shown in the following list and record the necessaryural entries. Use the following countries shown by Category Balance Sheet Accounts Gush, Card Receivable, Accounts Receivable, food Inventory. Beverage inventory. Prepaid Rent, Prepaid Insurance Supplies, Equipment and furnishings Accounts Payable NotePayable Owner's Equity Capital Account This Deb Credit Income Matement Accounts Sales Revenue, Solares, Wege Expense and interest Debi Account Tales Credit 13 11 14 The owner opened a buncut and deposited $60,000 in the bank borrowed and deposited $10.000 on a note puble to the bank paid 1 year of rent in advance on the restaurant, $18,000 cash purchased equipment $46.000 $16,000 in cash and the balance on Account Tiles Debih Credit 1 Furnishings were purchased for $30,400 cash 10 The owner purchased 1200 of food inventory on account and paid $1.000 cash for beverage inventory

Answer 1

Hi, Image is too blur, tried my best to take the exact figures. In the list of assets Bank is not there but transactions require to pass an entry in bank account. If I am not mistaken then Credit Card Receivable may be treated as bank account if this is the case then it replace the "Bank" in the below journal.

	Journal
Date	Account Title and Explanations	Amount ($)
		Debit	Credit
a	Bank	60,000.00
	To Cash		60,000.00
	(Being cash depositied in the bank account)
b	Bank	30,000.00
	To Note Payable		30,000.00
	(Being borowed and deposited in bank)
c	Prepaid Rent	18,000.00
	To Cash		18,000.00
	(Being rent paid in advance)
d	Equipment	46,000.00
	To Cash		16,000.00
	To Account Payable		30,000.00
	(Being equipment purchased)
e	Furnishings	30,400.00
	To Cash		30,400.00
	(Being furnishings purchased)
f	Food Inventory	3,200.00
	Beverage Inventory	1,800.00
	To Cash		1,800.00
	To Accounts Payable		3,200.00
	(Being inventory purchased)
Total		189,400.00	189,400.00