TRANSACTION #1 Paid cash for supplies DEBITCREDIT Supplies Cash.

TRANSACTION #1TRANSACTION #1

Paid cash Paid cash for for suppliessupplies

DEBITDEBIT CREDITCREDIT

Supplies

Cash


Paid cash Paid cash for for

insurance.insurance.


Prepaid Insuranc

e

Cash


Bought Bought supplies supplies

on on accountaccount


Supplies

Accts Payable


Received Received cash from cash from

salessales


Cash Sales


Received Received cash from cash from owner as owner as

investmeninvestmentt


Cash Owner, Capital


Paid cash Paid cash on on

accountaccount


Accts Payable

Cash


Owner Owner wrote a wrote a

check for check for suppliessupplies


Supplies

Cash


Owner Owner invested invested cash in cash in

the the businessbusiness


Cash Owner, Capital


Sold Sold services services



Accts Receivab

le

Sales


Paid cash Paid cash for rentfor rent


Rent Expens

e

Cash



telephone telephone billbill


Telephone

Expense

Cash


Received Received cash on cash on accountaccount


CashAccts

Receivable


Paid cash Paid cash to owner to owner

for for personal personal

useuse


Owner, Drawin

g

Cash



equipmenequipment repairst repairs


Repair Expens

e

Cash



advertisinadvertisingg


Advertising

Expense

Cash


Sold some Sold some personal personal property property for cashfor cash


No entry

No entry


Wrote a Wrote a check for check for insuranceinsurance


Prepaid Insuranc

e

Cash





Supplies

Accts Payabl

e



account account for for

supplies supplies previously previously purchased purchased


Accts Payabl

e

Cash


Owner Owner withdrew withdrew supplies supplies for his for his

personal personal useuse


Owner, Drawin

g

Supplies





Accts Receivabl

e

Sales


Paid for 6 Paid for 6 months of months of insuranceinsurance


Prepaid Insuranc

e

Cash


Received Received cash from cash from owner as owner as

investmeninvestmentt


CashOwner, Capital


Paid Paid personal personal

car car paymentpayment


No Entry

No Entry


Paid cash Paid cash to owner to owner

for for personal personal

use use


Owner, Drawin

g

Cash


Owner Owner wrote a wrote a

check for check for suppliessupplies


Supplies

Cash





Supplies

Accts Payabl

e



accountaccount


Accts Payabl

e

Cash


Received Received cash on cash on accountaccount


CashAccts

Receivable





Accts Receivab

le

Sales


Paid Paid October October

rentrent


Rent Expens

e

Cash


Received Received cash for cash for

sales sales previously previously recordedrecorded


CashAccts

Receivable


Agreed to Agreed to pay later for pay later for the repair & the repair & tuning of a tuning of a

piano piano needed for needed for

music music lessonslessons


Repair Expens

e

Accts Payabl

e

TRANSACTION #1 Paid cash for supplies DEBITCREDIT Supplies Cash.

Documents

Transcript of TRANSACTION #1 Paid cash for supplies DEBITCREDIT Supplies Cash.