Accounts Receivable and Debit Credit Balance

General Journal J1
Date Account Titles and Explanation Ref. Debit Credit
2014 Cash 101 20,000
May. 1 Common stock 311 20,000 (Issued shares of stock for cash)

3 Supplies 126 1,500 Accounts Payable 201 1,500 (Purchased supplies on account From Hartig Supply Company)

7 Rent Expense 729 900 Cash 101 900 (Paid May rent)

11 Cash 101 2,800 Service Revenue 400 2,800 (Received cash for service provided)

12 Cash 101 3,500 Unearned Service Revenue 209 3,500 (Received cash advance on a Management consulting engagement)

17 Cash 101 1,200 Accounts Receivable 112 1,200 (Received cash for service completed for Lucille Co.)

31 Salaries and Wages Expense 726 2,000 Cash 101 2,000 (Paid salaries to date)

31 Supplies 101 600 Cash 201 600 (Paid 40% of balance due Hartig Supply Company)

General Ledger Cash No. 101 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance