rs FS General Journal 2. The General Journal should be used to enter each transa
ID: 2570630 • Letter: R
Question
rs FS General Journal 2. The General Journal should be used to enter each transaction by date. The transactions are for the month of July 2012. Please use the accounts that are listed on the Chart of Accounts only. The journal sheet may be duplicated for all journal related steps in the accounting cycle. For example, you will need separate sheets for adjusting and closing entries. July 1 Paid four months' rent. S7.200. ./ 4 Performed service for a customer and received cash, $2.100. I I V 9 Recermved $2,700 from customers for senvices to be performed later. II 12 Purchased S950 of supplies on account / 15 Billed customers for services performed, $2.600 ./Explanation / Answer
General Journal Date Account title Debit Credit 7/1/12 Prepaid rent 7200 Cash 7200 (To record payment of rent for four months) 7/4/12 Cash 2100 Service revenue 2100 (To record cash received for service rendered) 7/9/12 Cash 2700 Unearned service revenue 2700 (To record receipt of cash for service to be rendered) 7/12/12 Supplies 950 Accounts payable 950 (To record purchase of supplies on account) 7/15/12 Accounts Receivable 2600 Service revenue 2600 (To record billing customers for service rendered) 7/16/12 Salaries expense 550 Cash 550 (To record payment of salary to receptionist) 7/22/12 Cash 3100 Accounts Receivable 3100 (To record receipt of cash from customers on account) 7/25/12 Accounts payable 2000 Cash 2000 (To record payment made on account) 7/28/12 Cash 1600 Service revenue 1600 (To record cash received for service rendered) 7/30/12 Dividends 900 Cash 900 (To record payment of cash dividend)
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