4:40 General Journal Debit Credit Date Account title 7/1/12 Prepaid rent Cash To

Question

4:40 General Journal Debit Credit Date Account title 7/1/12 Prepaid rent Cash To record payment of rent for four months) Service revenue To record cash received for service rendered) Uneaned service revenue To record receipt of cash for service to be rendered) Accounts payable To record purchase of supplies on account) Service revenue To record billing customers for service rendered) Cash To record payment of salary to receptionist) Accounts Receivable To record receipt of cash from customers on account 7/4/12 Cash 2100 7/9/12 Cash 7/12/12 Supplies 7/15/12 Accounts Receivable 7/16/12 Salaries expense 7/22/12 Cash 3100 /25/12 Accounts payable To record payment made on account) Service revenue To record cash received for service rendered) 7/28/12 Cash 1600 7/30/12 Dividends To record payment of cash dividend)

Explanation / Answer

Cash A/c Date Particulars Debit Date Particulars Credit 06-30-2012 To Balance b/d             30,635 07-01-12 By Prepaid Rent A/c                    7,200 07-04-12 To Service Revenue A/c                2,100 07-16-2012 By Salaries A/c                       550 07-09-12 To Unearned Service Revenue                2,700 07-25-2012 By Accounts Payable A/c                    2,000 07-22-2012 To Account ReceivableA/c                3,100 07-30-2012 By Dividend A/c                       900 07-28-2012 To Service Revenue A/c                1,600 07-31-2012 By Balance c/d                 29,485             40,135                 40,135 07-31-2012 To Balance b/d             29,485 Prepaid Rent A/c Date Particulars Debit Date Particulars Credit 07-01-12 To Cash A/c                7,200 07-31-2012 By Balance c/d                    7,200                7,200                    7,200 07-31-2012 To Balance b/d                7,200 Service Revenue A/c Date Particulars Debit Date Particulars Credit 07-31-2012 To Balance c/d             17,900 06-30-2012 By Balance b/d                 11,600 07-04-12 By Cash A/c                    2,100 07-15-2012 By Accounts Receivable A/c                    2,600 07-28-2012                    1,600             17,900                 17,900 07-31-2012 By Balance b/d                 17,900 Unearned Service Revenue A/c Date Particulars Debit Date Particulars Credit 07-31-2012 To Balance c/d                2,700 07-09-12 By Cash A/c                    2,700                2,700                    2,700 07-31-2012 By Balance b/d                    2,700 Supplies A/c Date Particulars Debit Date Particulars Credit 06-30-2012 To Balance c/d                1,370 07-31-2012 By Balance c/d                    2,320 07-12-12 To Account payable A/c                   950                2,320                    2,320 07-31-2012 To Balance b/d                2,320 Accounts Payable A/c Date Particulars Debit Date Particulars Credit 07-25-2012 To Cash A/c 2000 06-30-2012 By Balance b/d                    4,380 07-31-2012 To Balance c/d 3,330 07-12-12 By Supplies                       950 5,330                    5,330 07-31-2012 By Balance b/d                    3,330 Accounts Receivalbe A/c Date Particulars Debit Date Particulars Credit 06-30-2012 To balance b/d 2300 07-22-2012 By Cash A/c                    3,100 07-15-2012 To Service Revenue                2,600 07-31-2012 By Balance c/d                    1,800                4,900                    4,900 07-31-2012 To Balance b/d                1,800 Salaries Expense /c Date Particulars Debit Date Particulars Credit 06-30-2012 To Balance b/d                2,200 07-31-2012 By Balance c/d                    2,750 07-16-2012 To Cash A/c                   550                2,750                    2,750 07-31-2012 To Balance b/d                2,750 Dividend A/c Date Particulars Debit Date Particulars Credit 06-30-2012 To Balance b/d                5,300 07-31-2012 By Balance c/d                    6,200 07-16-2012 To Cash A/c                   900                6,200                    6,200 07-31-2012 To Balance b/d                6,200

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