![]() ![]() This is a transaction that needs to be recorded, as Printing.Transaction 1: On January 3, 2019, issues On January 30, 2019, purchases supplies on account for $500,.On January 27, 2019, provides $1,200 in services to a customer.On January 23, 2019, received cash payment in full from the.On January 20, 2019, paid $3,600 cash in salaries expense to.On January 18, 2019, paid in full, with cash, for the equipment.On January 17, 2019, receives $2,800 cash from a customer for.On January 14, 2019, distributed $100 cash in dividends to.On January 12, 2019, pays a $300 utility bill with cash.On January 10, 2019, provides $5,500 in services to a customer.On January 9, 2019, receives $4,000 cash in advance from a.On January 5, 2019, purchases equipment on account for $3,500,.On January 3, 2019, issues $20,000 shares of common stock for.These transactions is provided, along with a few new Ones we have seen throughout this chapter. Some of the listed transactions have been Of the transactions for her business and discuss how this impacts We now return to our company example of Printing Plus, Lynn Let’s now look at a few transactions from Printing Plus and There is a date of April 1, 2018, theĭebit account titles are listed first with Cash and Supplies, theĬredit account title of Common Stock is indented after the debitĪccount titles, there are at least one debit and one credit, theĭebit amounts equal the credit amount, and there is a short Notice that for this entry, the rules for recording journalĮntries have been followed. Of a journal entry (as seen in the following). More than one account listed under the debit and/or credit column Note that this example has only one debit account and one creditĪccount, which is considered a simple entry. It is not takenįrom previous examples but is intended to stand alone. Skip a space after the description before starting the nextĪn example journal entry format is as follows.You will write a short description after each journal.The credits or else the equation will go out of balance. The dollar value of the debits must equal the dollar value of.You will always have at least one credit (possibly more).You will have at least one debit (possibly more).The titles of the credit accounts will be indented below the.The credit account title(s) always come after all debit titles.The debit account title(s) always come first and on the. ![]()
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