Question

Prepare general journal entries to record the following transactions. No explanations.Jan. 3 Paid office rent, $1,600.4 Bought a truck costing $50,000, making a down payment of $7,000.6 Paid wages, $3,000.7 Received $16,000 cash from customers for services performed.10 Paid $4,100 owed on last month's bills.12 Billed credit customers, $5,300.17 Received $1,800 from credit customers.19 Taylor Gordon, the owner, withdrew $1,700.23 Paid $700 on amount owed for truck.29 Received bill for utilities expense, $255.AccountsCashAccounts ReceivableTruckAccounts PayableTaylor Gordon, DrawingService FeesRent ExpenseWages ExpenseUtilities Expense

Answer 1

General journal entries for a series of transactions have been presented, using accounts such as Cash, Rent Expense, Truck, Accounts Payable, Wages Expense, and others without explanation.

Step-by-step explanation:

General Journal Entries for Transactions

Jan. 3: Rent Expense 1,600

Cash 1,600

Jan. 4: Truck 50,000

Cash 7,000

Accounts Payable 43,000

Jan. 6: Wages Expense 3,000

Cash 3,000

Jan. 7: Cash 16,000

Service Fees 16,000

Jan. 10: Accounts Payable 4,100

Cash 4,100

Jan. 12: Accounts Receivable 5,300

Service Fees 5,300

Jan. 17: Cash 1,800

Accounts Receivable 1,800

Jan. 19: Taylor Gordon, Drawing 1,700

Cash 1,700

Jan. 23: Accounts Payable 700

Cash 700

Jan. 29: Utilities Expense 255

Accounts Payable 255

Answer 2

Jan. 3 Paid office rent, $1,600.

Dr Rent expense 1,600

Cr Cash 1,600

4 Bought a truck costing $50,000, making a down payment of $7,000.

Dr Truck 50,000

Cr Cash 7,000

Cr Accounts payable 43,000

6 Paid wages, $3,000.

Dr Wages expense 3,000

Cr Cash 3,000

7 Received $16,000 cash from customers for services performed.

Dr Cash 16,000

Cr Service fees 16,000

10 Paid $4,100 owed on last month's bills.

Dr Accounts payable 4,100

Cr Cash 4,100

12 Billed credit customers, $5,300.

Dr Accounts receivable 5,300

Cr Service fees 5,300

17 Received $1,800 from credit customers.

Dr Cash 1,800

Cr Accounts receivable 1,800

19 Taylor Gordon, the owner, withdrew $1,700.

Dr Taylor Gordon, Drawing 1,700

Cr Cash 1,700

23 Paid $700 on amount owed for truck.

Dr Accounts payable 700

Cr Cash 700

29 Received bill for utilities expense, $255.

Dr Utilities expense 255

Cr Accounts payable 255