Journal Entries 1
What is the correct journal entry for the transaction, PAID CASH FOR REPAIRS, $95?
Debit Repair Expense and credit Cash
What is the correct journal entry for the transaction, PAID CASH FOR PRINTER CARTRIDGES?
Debit Supplies and credit Cash
A journal's column totals are General Debit, $400; General Credit, $100; Sales Credit, $350; Cash Debit,
$1,000; Cash Credit, $850. Does the journal prove?
Journal does not prove.
Debit = $1400 Credit = $1300
Bill James discovered that a transaction for Utilities Expense was journalized and posted in error as a debit
to Repair Expense, $250. What is the entry to correct the error?
Debit Utilities Expense, $250; credit Repairs Expense, $250
What is the FIRST step in recording a journal entry?
Write the date
What is the correct journal entry for the transaction, PAID CASH FOR AN OFFICE DESK, $250?
Debit Office Equipment and credit Cash
What is the correct entry for the transaction, PAID $150 FOR ADVERTISING?
Debit Advertising Expense and credit Cash
A journal's column totals are General Debit, $400; General Credit, $300, Sales Credit, $800; Cash Debit, $1,200; Accounts Receivable Credit, $500. Does the journal prove?
Journal proves.
James discovered that a transaction for an Advertising Expense was journalized and posted in error as a
debit to Miscellaneous Expense, $200. What is the entry to correct the error?
Debit Advertising Expense, $200; credit Miscellaneous Expense, $200
John enters the amount of the debit into the journal. What is the next step for him?
Enter the name of the account credited
What is the correct journal entry for the transaction, PAID CASH FOR INSURANCE, $200?
Debit Prepaid Insurance and credit Cash
What is the correct journal entry for the transaction, BRIAN SMITH INVESTED $200
Debit cash and credit Brian Smith, Capital
A journal's column totals are General Debit, $400; General Credit, $300, Sales Credit, $800; Cash Debit, $1,200; Accounts Receivable Credit, $500. Does it prove?
Journal proves.
Emma discovered that a transaction for Utilities Expense was journalized and posted in error as a debit to Miscellaneous Expense, $200. What is the entry to correct the error?
Debit Utilities Expense, $200; credit Miscellaneous Expense, $200
What is the LAST step in recording a journal entry?
What is the correct journal entry for the transaction, BOUGHT SUPPLIES ON ACCOUNT FROM JONES
SUPPLY COMPANY, $250?
Debit Supplies and credit Accounts Payable/Jones Supply Company
What is the correct journal entry for the transaction, PAID CASH ON ACCOUNT TO VENDOR JONES
SUPPLY, $1000?
Debit Accounts Payable/Jones Supply and credit Cash
A journal's column totals are General Debit, $500; General Credit, $200; Sales Credit, $750; Cash Debit,
$1,000; Cash Credit, $600. Does it prove?
Debit = $1500 Credit = $1550
Jack discovered that a transaction for Sales Revenue was journalized and posted in error as a credit to John Proctor, Capital, $200. What is the entry to correct the error?
Debit John Proctor, Capital, $200; Credit Sales Revenue, $200
Mike is posting journal entries to the General Ledger. He has just calculated the new account balance in the credit column for Sales. What is the NEXT step in the posting procedure?
Record the account number that the entry was posted to in the journal in the post reference column.
What is the correct journal entry for the transaction, RECEIVED CASH FROM SALES, $150?
Debit Cash and credit Sales
What is the correct journal entry for the transaction, Daniel Jones withdrew $300 for personal use?
Debit Daniel Jones, DRAWING and credit cash
A journal's column totals are General Debit, $500; General Credit, $200; Sales Credit, $350; Cash Debit,
$1,000; Cash Credit, $950. Does it prove?
Journal Proves
Jason discovered that a transaction for Cash was journalized and posted in error as a debit to Prepaid Insurance, $500. What is the entry to correct the error?
Debit Cash, $500; Credit Prepaid Insurance, $500
William has almost finished updating the Supplies account at the end of the month. He has transferred all of
the information in the General Journal to the General Ledger. What is the LAST step for William to do?
Record an account number in the journal