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TRANSACTION #1 Paid cash for supplies DEBITCREDIT Supplies Cash.

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Presentation on theme: "TRANSACTION #1 Paid cash for supplies DEBITCREDIT Supplies Cash."— Presentation transcript:

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3 TRANSACTION #1 Paid cash for supplies DEBITCREDIT Supplies Cash

4 TRANSACTION #2 Paid cash for insurance. DEBITCREDIT Prepaid Insurance Cash

5 TRANSACTION #3 Bought supplies on account DEBITCREDIT Supplies Accts Payable

6 TRANSACTION #4 Received cash from sales DEBITCREDIT Cash Sales

7 TRANSACTION #5 Received cash from owner as investment DEBITCREDIT Cash Owner, Capital

8 TRANSACTION #6 Paid cash on account DEBITCREDIT Accts Payable Cash

9 TRANSACTION #7 Owner wrote a check for supplies DEBITCREDIT Supplies Cash

10 TRANSACTION #8 Owner invested cash in the business DEBITCREDIT Cash Owner, Capital

11 TRANSACTION #9 Sold services on account DEBITCREDIT Accts Receivable Sales

12 TRANSACTION #10 Paid cash for rent DEBITCREDIT Rent Expense Cash

13 TRANSACTION #11 Paid cash for telephone bill DEBITCREDIT Telephone Expense Cash

14 TRANSACTION #12 Received cash on account DEBITCREDIT Cash Accts Receivable

15 TRANSACTION #13 Paid cash to owner for personal use DEBITCREDIT Owner, Drawing Cash

16 TRANSACTION #14 Paid cash for equipment repairs DEBITCREDIT Repair Expense Cash

17 TRANSACTION #15 Paid cash for advertising DEBITCREDIT Advertising Expense Cash

18 TRANSACTION #16 Sold some personal property for cash DEBITCREDIT No entry

19 TRANSACTION #17 Wrote a check for insurance DEBITCREDIT Prepaid Insurance Cash

20 TRANSACTION #18 Bought supplies on account DEBITCREDIT Supplies Accts Payable

21 TRANSACTION #19 Paid cash on account for supplies previously purchased DEBITCREDIT Accts Payable Cash

22 TRANSACTION #20 Owner withdrew supplies for his personal use DEBITCREDIT Owner, Drawing Supplies

23 TRANSACTION #21 Sold services on account DEBITCREDIT Accts Receivable Sales

24 TRANSACTION #22 Paid for 6 months of insurance DEBITCREDIT Prepaid Insurance Cash

25 TRANSACTION #23 Received cash from owner as investment DEBITCREDIT Cash Owner, Capital

26 TRANSACTION #24 Paid personal car payment DEBITCREDIT No Entry

27 TRANSACTION #25 Paid cash to owner for personal use DEBITCREDIT Owner, Drawing Cash

28 TRANSACTION #26 Owner wrote a check for supplies DEBITCREDIT SuppliesCash

29 TRANSACTION #27 Bought supplies on account DEBITCREDIT Supplies Accts Payable

30 TRANSACTION #28 Paid cash on account DEBITCREDIT Accts Payable Cash

31 TRANSACTION #29 Received cash on account DEBITCREDIT Cash Accts Receivable

32 TRANSACTION #30 Sold services on account DEBITCREDIT Accts Receivable Sales

33 TRANSACTION #31 Paid October rent DEBITCREDIT Rent Expense Cash

34 TRANSACTION #32 Received cash for sales previously recorded DEBITCREDIT Cash Accts Receivable

35 TRANSACTION #33 Agreed to pay later for the repair & tuning of a piano needed for music lessons DEBITCREDIT Repair Expense Accts Payable


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