Jack Lang operates Jacks Cleaning Service in Victoria. As the bookkeeper, you have been requested to journalize
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Your task is to journalize the above transactions. The chart of accounts for Jacks Cleaning Service is as follows:
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2013 Aug. Paid rent for two months in advance, $9,000. Purchased cleaning equipment on account from Ryan's Supply House, $4,000. Purchased cleaning supplies from Lee's Wholesale for $900 cash. Received $1,900 cash from cleaning fees earned. 6 12 15 19 Jack withdrew $900 for his personal use. Advertising bill was received from Sagnicton News but was still unpaid, $400. Paid hydro expense, $90. Paid salaries expense, $700. Performed cleaning services for $2,100; however, payment will not be received until October. Paid Ryan's Supply House half the amount owed from August 6 transaction. 22 23 26 29 29 Chart of Accounts Owner's Equity 311 Jack Lang, Capital 312 Jack Lang, Withdrawals Assets 111 Cash 112 Accounts Receivable 114 Prepaid Rent 116 Cleaning Supplies 120 Office Equipment 121 Cleaning Equipment Revenue 411 Cleaning Fees Earned Liabilities 211 Accounts Payable Expenses 511 Advertising Expense 512 Hydro Expense 514 Salaries Expense
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Date 2013 Aug 1 Prepaid Rent Cash Account Title and Description Rent paid in advance 6 Clea...View the full answer
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Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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