Question

he following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. g

Answer 1

Cash (Dr.) $43,000

Sales Revenue (Cr.) $43,000

Bank (Dr.) $20,000

Cash (Cr.) $20,000

Office Supplies (Dr.) $2,300

Cash (Dr.) $2,300

Petty Cash reimbursement (Dr.) $4,500

Cash (Cr.) $4,500

Step-by-step explanation:

The journal entries are recorded when transaction occurs in a business. These transactions are recoded at the time of inception of transaction. The journal entries are adjusted when there is any change in the transaction.