Accounting Journal Jeopardy (ch.3)

Assets & Liabilities

100

Paid $200 cash for supplies. C1

Supplies (Debit $200), Cash (Credit $200)

200

Bought supplies on account from Supply Mart, $1,000.00. M1

Supplies (Debit $1,000), AP-Supply Mart (credit $1,000)

300

Paid cash for insurance, $300.00. C2

Prepaid Insurance (Debit $300), Cash (Credit $300)

400

Paid cash on account to Supply Mart, $500.00. C3

AP - Supply Mart (Debit, $500), Cash (Credit, $500)

500

Bought Supplies using a check, $250.00. C4

Supplies (Debit $250.00), Cash (Credit $250.00)

Owner's Equity

100

Jane Doe invested $5,000.00 cash into the business. R1

Cash (Debit $5,000), Jane Doe, Capital (Credit $5,000)

200

Jane Doe withdrew $1,000 cash for personal use. C5

Jane Doe, Drawing (Debit $1,000), Cash (Credit, $1,000)

300

Owner, Jane Doe, withdrew $200 for personal use. C6

Jane Doe, Drawing (Debit $200) Cash (Credit $200)

400

Received $2,000 from Jane Doe, owner, as an investment into the company. R2

Cash (Debit $2,000) Jane Doe, Capital (Credit $2,000)

500

Jane Doe, Owner, withdrew $1,000.00 of supplies for personal use. M3

Jane Doe, Drawing (Debit $1,000), Supplies (Credit $1,000)

Revenue

100

Received $500 cash from customer for services. T1

Cash (Debit $500) Sales (Credit $500)

200

Sold services on account to Elmer, Corp. $675.00. S2

AR - Elmer Corp. (Debit $675), Sales (Credit $675)

300

Received cash from sales $1,500.00. T2

Cash (Debit $1,500) Sales (Credit $1,500)

400

Received cash on account from Tom Smith. $550.00. R3

Cash (Debit $550) AR-Tom Smith (Credit $550)

500

Collected $700 previously billed to Molly Frank. R5

Cash (debit $700) AR - Molly Frank (Credit $700)

Expenses

100

Paid $350 for advertising. C7

Advertising Expense (Debit $350) Cash (Credit $350)

200

Paid rent to the landlord. $1,000. C8

Rent Expense (Debit $1,000) Cash (Credit $1,000)

300

Paid the July utilities bill. $150.00. C9

Utilities Expense (Debit $150) Cash (Credit $150)

400

Paid cash for repairs. $765.00 C10

Repairs Expense (Debit $765) Cash (Credit $765)

500

Sent check for the electricity bill. $365.00. C11

Utilities Expense (Debit $365) Cash (Credit $365)

Mixed Transactions

100

Purchased supplies on account from ABC Supplies. $100.00. M8

Supplies (Debit $100) AP-ABC Supplies (credit $100)

200

Paid cash for postage. $100.00. C12

Postage Expense (debit $100) Cash (credit $100)

300

Sold services on account to Scott Company. $400.00. S2

AR-Scott Company (Debit $400) Sales (Credit $400)

400

Received cash from sales, $350.00. T3

Cash (debit $350) Sales (credit $350)

500

Received $1,000 cash from Tom Smith for partial payment of a bill. R4

Cash (debit $1,000) AR-Tom Smith (credit $1,000)