FABM1 Journal Entry Scenarios

Front

Guess the journal entry proforma for the provided transaction:

Purchase Equipment with Cash

Back

Front

Guess the journal entry proforma for the provided transaction:

Purchase Machines on Account

Back

Front

Guess the journal entry proforma for the provided transaction:

Sold Equipment for Cash

Back

Front

Guess the journal entry proforma for the provided transaction:

Sold a Machine on Account

Back

Front

Guess the journal entry proforma for the provided transaction:

Purchase Supplies – 50% Cash, 50% on Account

Back

Front

Guess the journal entry proforma for the provided transaction:

Sold a Building – 50% Cash, 50% on Account

Back

Front

Guess the journal entry proforma for the provided transaction:

Paid 4 Months Rent in Advance

Back

Front

Guess the journal entry proforma for the provided transaction:

Paid Rent Billed Previously

Back

Front

Guess the journal entry proforma for the provided transaction:

Received 4 Months Rent Advance Payment from Customer

Back

Front

Guess the journal entry proforma for the provided transaction:

Paid Utilities Bill for the Month

Back