Purchase Solution

General Journal Entry

Not what you're looking for?

Ask Custom Question

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.

Purchase this Solution

Solution Preview

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

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

3)Dr ...

Purchase this Solution


Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Operations Management

This quiz tests a student's knowledge about Operations Management

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.