Acct.Ch.6

Front

John Smith invested 15,000. How would you record it in the General Journal?

Back

Cash (DR)
John Smith, Capital (CR)
Memo

Front

Issued check for water bill (journal entry)

Back

Utilities Expense (DR)
Cash (CR)
Check

Front

Sold services on account to Jane Doe (Journal entry)

Back

Accounts Receivable, Jane Doe (DR)
Sales (CR)

Front

Issued check to owner, John Smith for personal use. Options: John Smith, Withdrawals(DR) Cash (CR), Withdrawal (DR) Cash (CR), Cash (DR) John Smith, Withdrawals(Cr), John Smith Capital (CR) Cash (DR)

Back

John Smith, Withdrawals(DR) Cash (CR)

Front

Paid cash for supplies.

Back

Supplies (DR)
Cash (CR)

Front

Received cash on account from Jane Doe. Options: Cash (Dr)
Accounts Payable, Jane Doe (CR), Cash (DR)
Account Receivable (CR), Cash (DR)
Account Receivable, Jane Doe (CR), Accounts Receivable, Jane Doe (DR)
Cash(CR)

Back

Cash (DR)
Account Receivable, Jane Doe (CR)

Front

A source document could include the: check number, amount of transaction, date

Back

all of these

Front

A sales invoice normally implies that we are

Back

billing a customer

Front

Bought supplies on account from TJ Box Co. Options: Supplies (DR)
Cash (CR), supplies (DR)
account Payable, TJ Box Co., Supplies (DR)
Accounts Receivable, TJ Box Co., they are both debits

Back

supplies (DR)
account Payable, TJ Box Co.

Front

Journalizing is

Back

the process of recording the journal in chronological order