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P2 5a

1) The document appears to be a basic accounting transaction journal for a business over a period of time showing debits and credits to various accounts including cash, accounts receivable, rent expense, service revenue, mortgage payable, accounts payable, advertising expense, salaries expense, equipment, prepaid rent, land and buildings. 2) Key transactions include receiving $4000 cash from rent, $2800 from service revenue, paying $2000 mortgage and $1000 accounts payable, $500 for advertising, $2000 for salaries, and $1200 to prepay rent. 3) At the end, accounts are balanced and shown as assets including cash, accounts receivable, prepaid rent, land, buildings, and

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Farra Amalia
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430 views

P2 5a

1) The document appears to be a basic accounting transaction journal for a business over a period of time showing debits and credits to various accounts including cash, accounts receivable, rent expense, service revenue, mortgage payable, accounts payable, advertising expense, salaries expense, equipment, prepaid rent, land and buildings. 2) Key transactions include receiving $4000 cash from rent, $2800 from service revenue, paying $2000 mortgage and $1000 accounts payable, $500 for advertising, $2000 for salaries, and $1200 to prepay rent. 3) At the end, accounts are balanced and shown as assets including cash, accounts receivable, prepaid rent, land, buildings, and

Uploaded by

Farra Amalia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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tgl d k

2 rent expense 1100 cash 4000


cash 1100 1100
9 cash 2800 2800
service revenue 2800
10 mortgage payable 2000
account payable 1000
cash 3000 3000
12 advertising expense 500
cash 500 500
20 equipment 1000
account payable 1000
25 cash 5200 5200
service revenue 5200
29 salaries and wage expe 2000
cash 2000 2000
30 cash 85 85
account receivable 85
rent revenue 170
30 prepaid rent 1200
cash 1200 1200
16970 16970 12085 7800
4285
account receivable mortage payable cash 4285
85 8000 account receivable 85
2000 prepaid rent 1200
prepaid rent land 10000
1200 owners capital buildings 8000
18000 equipment 6000
land account payable 2000
10000 service revenue mortgage payable 6000
2800 owners capital 18000
buildings 5200 service revenue 8000
8000 rent revenue 170
rent revenue ad expense 500
equipment 170 salaries expense 2000
6000 rent expense 2100
ad expense
500
account payable
2000 salaries
1000 2000
1000
rent expense
1100
1000

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