Accounting Cookie Creations

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Accounting Cookie Creations

Question (1)

GENERAL JOURNAL

J2

Date

Account Titles and Explanation

Debit

Credit

Nov. 1

4

8

10

15

16

18

24

24

24

24

No Journal Entry

Cash
Teaching Revenue

Cash
Accounts Receivable

Cash Unearned Revenue

Accounts Payable Cash

Accounts Payable
Cash

Cash Unearned Revenue

Cash
Accounts Receivable Teaching Revenue

Photo Supplies
Cash

Salaries Expense Cash

Retained Earnings (Dividend) Cash

100

250

625

50

600

50

3,000
500

1,250

800

500

100

250

625

50

600

50

3,500

1,250

800

500

Question (2)

GENERAL JOURNAL

Date
Account Title and Explanation

Debit
Credit

Nov. 30
Advertising Supplies Expense ($75 - $50) 25

Advertising Supplies

25

30
Amortization Expense, Photo Equipment

20

Accumulated Amortization,
Photo Equipment ($1,200÷ 60)

20

30
Amortization Expense, Website ($600÷24)

25

Accumulated Amortization, Website

25

30
Interest Expense 10

Interest Payable

10

30
Insurance Expense

100

Prepaid Insurance

100

30
Accounts Receivable

375

Teaching Revenue

375

30
Photo Supplies Expense

1,000

Photo Supplies

1,000

30
Telephone Expense

75

Accounts Payable

75

30
Salaries

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