Book 1 - Chapter 24

24-1, continued

General Journal

Date	Account Name and Explanation	Dr.	Cr.
200X
a.	Cash	15,000
	B. Gasoway, Capital		15,000

b.	Supplies Expense		200
	Supplies			200

c.	Cash		850
	Accounts Receivable			850

d.	Equipment	10,000
	Cash		1,000
	Notes Payable		9,000

e.	Prepaid Rent		12,000
	Cash			12,000

f.	Cash		5,000
	Unearned Revenue			5,000

g.	Accounts Payable		400
	Cash			400

h.	Rent Expense		4,000
	Prepaid Rent			4,000

i.	Accounts Receivable		500
	Service Revenue			500

j.	Utility Expense		450
	Accounts Payable			450

k.	Unearned Revenue		1,200
	Service Revenue			1,200

l.	Notes Payable	800
	Interest Expense	200
	Cash		1,000

Learning Goal 24, continued

SOLUTIONS

Section V · Using a Basic Accounting System

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