How Do The Following Transactions Record In The General Journal Table?
A)purchased supplies on account $4,500. B) received cash from fees earned, $15,500. C) paid $4000 to creditors on account. D)$8,200 were incurred as different expenses. E) supplies on hand (unused) at the end of the month $800. F) the owner withdraw $ 2,500 in cash.
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a) purchased supplies on account $4,500
Supplies debit $4,500
Account payable credit $4,500
b) received cash from fees earned, $15,500
cash debit $15,500
Account receivable credit $15,500
c) paid $4000 to creditors on account
Account payable debit $4000
cash credit $4000
d) $8,200 were incurred as different expenses
different expenses debit $8,200
cash credit $8,200
e) supplies on hand (unused) at the end of the month $800
inventory debit $800
supplies expenses $800
f) the owner withdraw $2,500 in cash
owners' equity debit $2,500
cash credit $2,500
Supplies debit $4,500
Account payable credit $4,500
b) received cash from fees earned, $15,500
cash debit $15,500
Account receivable credit $15,500
c) paid $4000 to creditors on account
Account payable debit $4000
cash credit $4000
d) $8,200 were incurred as different expenses
different expenses debit $8,200
cash credit $8,200
e) supplies on hand (unused) at the end of the month $800
inventory debit $800
supplies expenses $800
f) the owner withdraw $2,500 in cash
owners' equity debit $2,500
cash credit $2,500
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