Question

A. Issued a check for $990 to pay the monthly rent Issued a $1,200 check to pay a creditor on account. C. Purchased new equipment for $360 and pal $05 mmediately by check with the remainder due In 30 d in 30 days D. Provided services on credit in the amount of $840. E. Performed services for cash in the amount of $1,280. F. The owner made an additional investment of $5,400 in cash and $950 in equipment G. Purchased $170 worth of supplies on credit H. Sent a $95 check to the utility company to pay the monthly bill. I. Collected $600 from credit customers. Determine the accounts and amounts to be debited and credited for the above transactions for Folk Furniture Repair View transaction list Journal entry worksheet Issued a check for $990 to pay the monthly rent. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journal < Prev 12 of 15 Next> MacBook Pro

Answer 1

Transaction	General Journal	Debit	Credit
A	Rental expense	990.00
	Bank		990.00
B	Accounts payable	1,200.00
	Bank		1,200.00
C	Equipment	360.00
	Bank		105.00
	Accounts payable		255.00
D	Accounts receivable	840.00
	Service revenue		840.00
E	Cash	1,280.00
	Service revenue		1,280.00
F	Cash	5,400.00
	Equipment	950.00
	Owner's capital account		6,350.00
G	Supplies	170.00
	Accounts payable		170.00
H	Utility expenses	95.00
	Bank		95.00
I	Cash	600.00
	Accounts receivable		600.00