Question: Jarome Tacks operates Jarome s Cleaning Service As the bookkeeper you

Jarome Tacks operates Jarome’s Cleaning Service. As the bookkeeper, you have been requested to journalize the following transactions:
Aug. 1 Paid rent for two months in advance, $3,000.
6 Purchased cleaning equipment on account from Brian’s Supply House, $15,000.
12 Purchased cleaning supplies from Liberty’s Wholesale for $700 cash.
14 Received $1,800 cash from cleaning fees earned.
20 Jason withdrew $150 for his personal use.
21 Advertising bill received from Morning News but unpaid, $500.
25 Paid electrical expense, $60.
28 Paid salaries expense, $500.
29 Performed cleaning work for $1,900, but payment will not be received until April.
30 Paid Brian’s Supply House half the amount owed from the Aug. 6 transaction.
The chart of accounts for Jarome’s Cleaning Service includes Cash, 111; Accounts Receivable, 112; Prepaid Rent, 114; Cleaning Supplies, 116; Cleaning Equipment, 120; Office Equipment, 121; Accounts Payable, 211; Jarome Tacks, Capital, 311; Jarome Tacks, Withdrawals, 312; Cleaning Fees Earned, 411; Advertising Expense, 511; Electrical Expense, 512; and Salaries Expense, 514.

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  • CreatedApril 24, 2014
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