The transactions that follow took place at the City Recreation and Sports Arena during September 20X1. This firm has indoor courts where customers can play tennis for a fee. It also rents equipment and offers tennis lessons.

INSTRUCTIONS

Record each transaction in the general journal, using the following chart of accounts. Be sure to number the journal page 1 and to write the year at the top of the Date column. Include a description for each entry.

Table Summary: 

Table has transaction dates from the month of September in first column and a description of the transactions in the second column.

Analyze: 

If the company paid a bill for supplies on October 1, what check number would be included in the journal entry description?

Transcribed Image Text:

ASSETS 101 Cash 111 Accounts Receivable 121 Supplies 134 Prepaid Rent 141 Equipment LIABILITIES 202 Accounts Payable OWNER'S EQUITY 301 Christopher Foster, Capital 302 Christopher Foster, Drawing REVENUE 401 Fees Income EXPENSES 511 Equipment Repair Expense 512 Rent Expense 513 Salaries Expense 514 Telephone Expense 517 Utilities Expense