Answer:
See explanation section
Explanation:
Jan. 1 Equipment Debit $20,300
Cash Credit $20,300
To record the purchase of equipment assuming by cash.
Jan. 4 Accounts payable Debit $10,300
Cash Credit $10,300
To record the cash paid to accounts payable.
Jan. 8 Purchase Debit $90,900
Accounts payable Credit $90,900
To record the purchase of additional inventory (supplies) on account
Jan. 15 Cash Debit $22,800
Accounts receivable Credit $22,800
To record the cash received from customers
Jan. 19 Salaries expense Debit $30,600
Cash Credit $30,600
To record the cash paid for salaries expense
Jan. 28 Utilities expense Debit $17,300
Cash Credit $17,300
To record the cash paid for utilities expense
Jan. 30 Accounts receivable Debit $228,000
Sales Credit $228,000
To record the sales on account.
Answer:
Please see explanation
Explanation:
January 1 :
Debit : Equipment account : $20,300
Credit : Cash account : $20,300
January 4 :
Debit : Accounts Payables account : $10300
Credit : Cash account : $10300
January 8 :
Debit : Inventory account : $90900
Credit : Accounts Payables : $90900
January 15 :
Debit : Cash account : $22800
Credit : Accounts Receivables account : $22800
January 19 :
Debit : Salaries expense account : $30600
Credit : Cash account : $30600
January 28 :
Debit : Utilities expenses : $17300
Credit : Cash account : $17300
January 30 :
Debit : Accounts Receivables account : $228000
Credit : Sales account : $228000
Debit : Cost of Goods Sold : $119000
Credit : Inventory account : $119000
