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General Journal Entry

Journalise the following transactions:

1)Roy started a window cleaning business by opening a bank account under the name "Pane Is Our Business" with a deposit of $15,000 from his personal account.

2)Purchased supplies on account for $1,500.

3)Billed customers, who have 30 days to pay, a total of $2,600 for window cleaning services

4)Paid $750 to the local newspaper for a series of ads to be run during the current month to acquaint potential customers with the business.

5)Charles wrote a business check in the amount of $300 to pay for the cleaning of his swimming pool at home.

6)Received $800 immediately after finishing cleaning the windows in an office building.

7)Received $1,200 from a customer previously billed

8)Wrote a business check in the amount of $250 to pay for supplies previously purchased on credit.

Solution Preview

1)Dr Cash 15,000
Cr Capital 15,000

2)Dr Supplies 1,500
Cr Accounts Payable 1,500

3)Dr ...

$2.19