会计英语-会计循环答案.docVIP

General Journal GENERAL JOURNAL Page 1 DATE DESCRIPTION OF ENTRY POST REF. DEBIT CREDIT 20*7 July 1 Cash √ 27,000 Craig Miller, Capital √ 27,000 Owner invested in business 1 Prepaid Rent √ 4,800 Cash √ 4,800 Paid 6-month rent in advance 1 Equipment √ 3,500 Cash √ 3,500 Bought equipment 1 Prepaid Advertising √ 1,920 Cash √ 1,920 Paid one year advertising in advance 4 Supplies √ 1,450 Cash √ 1,450 Purhased supplies 6 Equipment √ 4,100 Accounts Payable √ 4,100 Purchased equipment on credit 15 Salaries Expense √ 1,200 Cash √ 1,200 Paid semi-month salaries 22 Telephone Expense √ 75 Cash √ 75 Paid telephone bill 31 Cash √ 2,400 Accounts Receivable √ 3,855 Fees √ 6,255 Performed services 31 Utilities Expense √ 160 Cash √ 160 Paid utilities bill GENERAL JOURNAL Page 2 DATE DESCRIPTION OF ENTRY POST REF. DEBIT CREDIT 20*7 July 31 Salaries Expense √ 1,200 Cash √ 1,200 Paid semi-month salaries ADJUSTING ENTRIES 31 Supplies Expense √ 750 Supplies √ 750 Record supplied consumed 31 Rent Expense √ 800 Prepaid Rent √ 800 Adjust for expired rent 31 Advertising Expense √ 160 Prepaid Advertising √ 160 Adjust for expired advertisement 31 Depreciation Expense-Equipment √ 110 Accum. Depr.-Equipment √ 110 Adjust for depreciation CLOSING ENTRIES 31 Fees √ 6,255 Income Summary √ 6,255 To close revenue account 31 Income Summary √ 4,455 Salaries Expense √ 2,400 Telephone Expense √ 75 Utilities Expense √ 160 Supplies Expense √ 750 Rent Expense √ 800 Advertising Expense √ 160 Depr. Expense-Equipment √ 110 To close ex