Scribd Logo
Upload

Welcome to Scribd!

  • Journal-Service Mr. Boo

    Uploaded by

    Jasmine Acta
    121 views4 pages
    The document is a general journal for Boo Capital for September 2020. It records various financial transactions including an investment of $500,000 cash and $200,000 equipment by Mr. Boo, the purchase of $25,000 in supplies on account, the acquisition of $10,000 in furniture for cash, services rendered and collections on accounts receivable, payments on accounts payable, drawings and salaries paid by the owner, and the purchase of equipment with a combination of cash and accounts payable. The total debits and credits equal $1,062,000 at the end of September.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document is a general journal for Boo Capital for September 2020. It records various financial transactions including an investment of $500,000 cash and $200,000 equipment by Mr. Boo, the purchase of $25,000 in supplies on account, the acquisition of $10,000 in furniture for cash, services rendered and collections on accounts receivable, payments on accounts payable, drawings and salaries paid by the owner, and the purchase of equipment with a combination of cash and accounts payable. The total debits and credits equal $1,062,000 at the end of September.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    121 views4 pages

    Journal-Service Mr. Boo

    Uploaded by

    Jasmine Acta
    The document is a general journal for Boo Capital for September 2020. It records various financial transactions including an investment of $500,000 cash and $200,000 equipment by Mr. Boo, the purchase of $25,000 in supplies on account, the acquisition of $10,000 in furniture for cash, services rendered and collections on accounts receivable, payments on accounts payable, drawings and salaries paid by the owner, and the purchase of equipment with a combination of cash and accounts payable. The total debits and credits equal $1,062,000 at the end of September.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    GENERAL JOURNAL

    Date
    Account Titles and Explanation P.R. Debit
    YR-2020
    Sep-01 Cash 500,000
    Equipment 200,000
    Boo, Capital
    To record the investment of Mr. Boo

    2 Supplies 25,000
    Accounts Payable .
    To record the supplies bought on account

    4 Furnitures and Fixtures 10,000


    Cash
    To record the acquired furnitures

    5 Accounts Receivable 20,000


    Service Income
    To record the service rendered in acccount

    6 Accounts Payable 12,500


    Cash
    To record the payment to ABC

    8 Accounts Receivable 30,000


    Cash 10,000
    Service Income
    To record the service rendered in acccount

    11 Boo, Drawings 10,000


    Cash
    To record the drawings of the owner

    12 Cash 20,000
    Accounts Receivable
    To record the collection from Ms. Baa

    15 Salaries Expense 15,000


    Cash
    To record the salaries paid

    Cash 35,000
    Service Income
    To record the rendered services

    16 Accounts Payable 12,500


    Cash
    To record the payment to ABC

    18 Equipment 28,000
    Cash
    Accounts Payable
    To record the acquired equipment
    20 Cash 30,000
    Accounts Receivable
    To record the collection from Mr. Buu

    22 Utilities Expense 10,000


    Utilities Payable
    To record the utilities accrued

    25 Accounts Receivable 30,000


    Service Income
    To record the service rendered in acccount

    26 Accounts Payable 14,000


    Cash
    To record the payment for equipment

    29 Accounts Receivable 25,000


    Service Income
    To record the service rendered in acccount

    30 Salaries Expense 15,000


    Utilities Payable 10,000
    Cash
    To record the various expenses

    Balance 1,062,000
    GJ-1

    Credit

    700,000

    25,000

    10,000

    20,000

    12,500

    40,000

    10,000

    20,000

    15,000

    35,000

    12,500

    14,000
    14,000
    30,000

    10,000

    30,000

    14,000

    25,000

    25,000

    1,062,000

    You might also like