PR Debit Credit 15200 Date Account Title an.31 Supplies Expense Snow Supplies Re

Question

PR Debit Credit 15200 Date Account Title an.31 Supplies Expense Snow Supplies Rent Expense Prepaid Rent Depreciation expense Snow Equipment 517170 Accumulated Depreciation-Snow equipment Depreciation expense Office Equipment 124200 Accumulated Depreciation Office equipment 22 200 Salarics Exponse Salarics Payable 212 150 Balance Date Explanation Post Ref. Debit Credit Debit Credit Date Explanation Post Ref. Debit Credit Debit Credit Jan.1 Capital an.1 Rent Jan.6 Supplies 2400 13600 300 13300 lan.8 Plowing foe an.26 Salaries Jan.30 Telephone Prepaid Ken 8000 Office Equipmen Balance 8000 13300 2200 11100 Date Explanation Post Ref. Debit Credit Debit Credit an4 A/P 140 4960 Account Account Accounts Reccivable Balance Date Esplanation Post Ref. Debit Crodit Debit Crodit Jan.I Cash Jan.30 Ad Daie Explanation Post Ref. Debit Credit Debit Credit Jan.20 Fee 2400 400 2000 Account Snow Supplies Salaries Payable

Explanation / Answer

Journal Entries: Date Account Title PR Debit Credit Jan.1 Cash 111 16000 Snow Equipment 123 10200 P.Munroe, Capital 312 26200 (Investment made by P.Munroe , the onwer) Jan.1 Prepaid Rent 114 2400 Cash 111 2400 (Rent paid in advance for six months) Jan.4 Office Equipment 121 12000 Accounts Payable 211 12000 (Purchase of office equipment on account) Jan.6 Snow Supplies 115 300 Cash 111 300 (Purchase of snow supplies for cash) Jan.8 Cash 111 8000 Plowing Fee 411 8000 (Plowing fee received in cash) Jan.12 P.Munroe, withdrawals 312 8000 Cash 111 8000 (Cash withdrawn by the owner) Jan.20 Accounts Receivable 112 5000 Plowing Fee 411 5000 (Plowing service performed for cash) Jan.26 Salaries Expense 511 2200 Cash 111 2200 (Cash paid for salaries) Jan.28 Accounts Payable 211 6000 Cash 111 6000 (Cash paid to suppliers on account) Jan.29 Advertising Expense 512 800 Accounts Payable 211 800 (Advertising expense incurred on account) Jan.30 Telephone Expense 513 140 Cash 111 140 (Cash paid for telephone expenses) Adjusting Entries Date Account Title PR Debit Credit Jan.31 Supplies Expense 515 200 Snow Supplies 115 200 (Snow supplies used for the month of January) Rent Expense 514 400 Prepaid Rent 114 400 (Rent expense for the month of January recorded) Depreciation expense - Snow Equipment 517 170 Accumulated Depreciation - Snow equipment 170 (Depreciarion expense on snow equipment for the month of January) Depreciation expense - Office Equipment 124 200 Accumulated Depreciation - Office equipment 122 200 (Depreciation expense on office equipment for the month of January) Salaries Expense 511 150 Salaries Payable 212 150 (Salaries accrued and unpaid for January)

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