Journal Entries Service
Journal Entries Service
Date
Account Titles and Explanation P.R. Debit
Oct-01 Cash 500,000
Owner's Capital
To record the investment of the owner
4 Machineries 180,000
Owner's Capital
To record the investment of the owner
6 Supplies 22,000
Accounts Payable
To record the supplies bought on account
8 Cash 15,000
Accounts Receivable
To record the collection of receivable
10 Cash 45,000
Service Revenue
To record the service rendered for cash
26 Cash 15,000
Accounts Receivable
To record the collection of receivable
Balance 914,050
GJ-1
Credit
500,000
36,000
30,000
180,000
22,000
15,000
45,000
16,800
3,450
5,500
22,000
3,000
15,000
3,500
16,800
914,050