GENERAL JOURNAL

Date		Account and Explanation	Post Ref.	Debit	Credit
Jun	1	Cash		105,000
Jun	1	Capital			105,000
		(capital contribution)
Jun	1	Computer Equipment		56,000
Jun	1	Cash			56,000
		(cash purchase of equipment)
Jun	1	Cash		198,000
Jun	1	Bank Loan Payable			198,000
		(received cash loan)
Jun	1	Prepaid Insurance		7,200
Jun	1	Cash			7,200
		(paid for prepaid expense)
Jun	3	Cash		3,200
Jun	3	Revenues			3,200
		(provision of services for cash)
Jun	5	Telephone Expense		200
Jun	5	Cash			200
		(paid telephone expense)
Jun	7	Office Supplies		2,800
Jun	7	Accounts Payable			2,800
		(credit purchase of office supplies)
Jun	8	Accounts Receivable		7,000
Jun	8	Revenues			7,000
		(provision of services on credit)
Jun	11	Cash		6,700
Jun	11	Unearned Revenue			6,700
		(revenue received in advance)
Jun	17	Wages Expense		6,900
Jun	17	Cash			6,900
		(paid staff wages)
Jun	19	Cash		2,100
Jun	19	Accounts Receivable			2,100
		(collection of accounts receivable)
Jun	21	Withdrawals		2,000
Jun	21	Cash			2,000
		(cash withdrawal by owner)
Jun	25	Accounts Payable		1,680
Jun	25	Cash			1,680
		(payment of accounts payable - supplies)
Jun	25	Accounts Receivable		6,700
Jun	25	Revenues			6,700
		(provision of services on credit)
Jun	27	Cash		2,500
Jun	27	Revenues			2,500
		(provision of services for cash)

(Q=320-100.Cash)

Required: Post Ref.