Journal
Debit
Credit
Accounting
Exam
100
Investment by Owner
What is Cash DEBIT Common Stock CREDIT
100
Purchase supplies for cash.
What is Supplies DEBIT Cash CREDIT
100
Partial payment of A/P.
What is A/P DEBIT Cash CREDIT
200
Purchase supplies on credit
What is Supplies DEBIT A/P CREDIT
200
Purchase Equipment for Cash
What is Equipment DEBIT Cash CREDIT
200
Payment of employee salary.
What is Salary expense DEBIT Cash CREDIT
300
Pay cash for future insurance coverage
What is Prepaid Insurance (Asset) DEBIT Cash CREDIT
300
Payment of Rent Expense.
What is Rent Expense DEBIT Cash CREDIT
300
Payment of Expense in Cash
What is Expense DEBIT Cash CREDIT
300
Pay dividend in cash. Previously recorded the dividend by recording RETAINED EARNINGS DEBIT COMMON DIVIDEND PAYABLE CREDIT
What is COMMON DIVIDEND PAYABLE DEBIT CASH CREDIT
400
Provide Services for Cash
What is Cash DEBIT Consulting Revenue CREDIT
400
Receipt of cash for A/R.
What is Cash DEBIT A/R CREDIT
400
Provide consulting and rental services on credit.
What is A/R DEBIT Rental Revenue CREDIT
500
Paid a cash dividend. (Dividend has not been already recorded.)
What is Dividend DEBIT CASH CREDIT OR RETAINED EARNINGS DEBIT CASH CREDIT
500
Receipt of Cash for future services.
What is Cash DEBIT Unearned Revenue CREDIT
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