double- entry book keeping : cash accounts

Joey deposits his capital into the business bank account...

• Capital (Dr)

  Bank (Cr)

• Bank (Dr)

  Capital (Cr)

• Joey Loan (Dr)

  Capital (Cr)

• Bank (Dr)

  Joey Loan (Cr)

Paid rent by debit card

• Rent expense (Dr)

  Bank (Cr)

• Bank (Dr)

  Rent expense (Cr)

• Rent receivable (Dr)

  Bank (Cr)

• Bank (Dr)

  Rent receivable (Cr)

Purchased cell phones for resale purposes

• Sales (Dr)

  Bank (Cr)

• Bank (Dr)

  Purchases (Cr)

• Purchases (Dr)

  Bank (Cr)

• Bank (Dr)

  Sales (Cr)

Receieves the bank loan via bank transfer

• Bank (Dr)

  Capital (Cr)

• Capital (Dr)

  Bank Loan (Cr)

• Bank Loan (Dr)

  Bank (Cr)

• Bank (Dr)

  Bank Loan (Cr)

Purchased Equipment and paid by cheque

• Equipment (Dr)

  Bank (Cr)

• Purchases (Dr)

  Bank (Cr)

• Bank (Dr)

  Sales (Cr)

• Bank (Dr)

  Purchases (Cr)

Returned some damaged phones he head bought for resale purpose

• Purchases Returns (Dr)

  Bank (Dr)

• Bank (Dr)

  Purchases Returns (Cr)

• Bank (Dr)

  Cell phones (Cr)

• Cell phones (Dr)

  Bank ( Cr)

Bought Furniture for the shop by debit card

• Bank (Dr)

  Furniture (Cr)

• Furniture (Dr)

  Bank (Cr)

• Purchases (Dr)

  Bank (Cr)

• Bank (Dr)

  Purchases (Cr)

Carriage inwards paid by debit card

• Capital (Dr)

  Carriage inwards (Cr)

• Carriage inwards (Dr)

  Capital (Cr)

• Bank (Dr)

  Carriage Inwards (Cr)

• Carriage inwards (Dr)

  Bank (Cr)

Withdrew money from bank account for personal use

• Drawings (Dr)

  Capital

• Drawings (Dr)

  Bank (Cr)

• Bank (Dr)

  Drawings (Cr)

• Capital (Dr)

  Drawings (Cr)

Receieved $ 1,000 by debit card from selling the goods

• Bank (Dr)

  Capital (Cr)

• Bank (Dr)

  Goods (Cr)

• Bank (Dr)

  Sales (Cr)

• Sales (Dr)

  Bank (Cr)