Journalizing Part 2

Received utility bill

• Dr. Utilities Expense

• Cr. Utilities Payable

• Dr. Utilities Payable

• Cr. Utilities Expense

Paid rent using cash but the space can only be used after two months

• Dr. Prepaid Rent

• Cr. Cash

• Dr. Cash

• Cr. Prepaid Rent

Invested cash in the business

• Dr. Cash

• Cr. Owrner, Capital

• Dr. Owrner, Capital

• Cr. Cash

Paid cash to the local government for business permit

• Dr. Permit Expenses

• Cr. Cash

• Dr. Cash

• Cr. Permit Expenses

Made sales and received cash

• Dr. Cash

• Cr. Sales Revenue

• Dr. Sales Revenue

• Cr. Cash