Accounts
Cash
Accts. Rec.-David’s Limo
Supplies
Prepaid Insurance
Accts. Pay.-Akita Supplies
Accts. Pay-Long Supplies
Jill Statsholt, Capital
Jill Statsholt, Drawing
Sales
Advertising Expense
Miscellaneous Expense
Rent Expense
Repair Expense
Utilities Expense
Transactions from the month of June
1
2
3
4
5
8
8
8
9
10
10
11
11
12
15
15
16
17
17
17
18
19
22
22
23
23
24
24
25
26
26
29
30
30
Received cash from owner as an investment
Paid cash for rent
Paid cash for supplies
Bought supplies on account from Akita Supplies
Paid cash for insurance
Paid cash on account to Akita Supplies
Received cash from sales
Sold services on account to David’s Limo
Paid cash for electric bill
Paid cash for miscellaneous expense
Received cash from sales
Paid cash for repairs
Received cash from sales
Received cash from sales
Paid cash to owner for personal use
Received cash from sales
Paid cash for supplies
Received cash on account from David’s Limos
Bought supplies on account from Long Supplies
Received cash from sales
Received cash from sales
Receives cash from sales
Bought supplies on account from Long Supplies
Received cash from sales
Paid cash for advertising
Sold services on account to David’s Limos
Paid cash for telephone bill
Received cash from sales
Received cash from sales
Paid cash for supplies
Received cash from sales
Received cash on account from David’s Limos
Paid cash to owner for personal use
Received cash from sales
$17,500.00
$400.00
$1,200.00
$2,000.00
$4,500.00
$1,500.00
$750.00
$200.00
$75.00
$7.00
$750.00
$100.00
$850.00
$700.00
$350.00
$750.00
$1,500.00
$200.00
$750.00
$600.00
$800.00
$750.00
$80.00
$700.00
$130.00
$650.00
$60.00
$600.00
$550.00
$70.00
$600.00
$650.00
$375.00
$800.00
R1
C1
C2
M1
C3
C4
T8
S1
C5
C6
T10
C7
T11
T12
C8
T15
C9
R2
M2
T17
T18
T19
M3
T22
C10
S2
C11
T24
T25
C12
T26
R3
C13
T30
1. Create one spreadsheet file and include all work in one workbook SAVE AS Journalizing
Transactions.
2. Use TACCTS file found in MISCELLANEOUS folder from downloads to complete T Account
exercises. Name worksheet 4-6 T Accounts
3. Prepare a T account for each account.
4. Analyze each transaction into its debit and credit parts. Write the debit and credit amounts in
the proper T accounts to show how each transaction changes account balances.
5. Write the date of the transaction in parentheses before each amount.
6. Use JRNL5 file found in JOURNALS folder from downloads to complete Journalizing Transactions
exercises. Name the worksheet 4-6 Journal Page 1.
7. Make a copy of the sheet and add to the same workbook. Name the sheet 4-6 Journal Page 2.
8. Use Page 1 to journalize the transactions for June 1 through June 19.
9. Prove and rule Page 1 of the journal.
10. Carry the column forward to Page 2 of the journal.
11. Use Page 2 to journalize the transactions for June 22 through June 30.
12. Prove and rule Page 2 of the journal.