On April 1, 2012, Kathleen Alvarez established an interior decorating business, Intrex Designs.
During the month, Kathleen completed the following transactions related to the business:
Apr. 1. Kathleen transferred cash from a personal bank account to an account to be
used for the business in exchange for capital stock, $17,000.
2. Paid rent for period of April 2 to end of month, $3,400.
6. Purchased of?ce equipment on account, $10,000.
8. Purchased a used truck for $21,000, paying $2,000 cash and giving a note
payable for the remainder.
10. Purchased supplies for cash, $1,800.
12. Received cash for job completed, $13,000.
Apr. 15. Paid annual premiums on property and casualty insurance, $1,800.
23. Recorded jobs completed on account and sent invoices to customers, $9,000.
24. Received an invoice for truck expenses, to be paid in April, $1,000.
Enter the following transactions on Page 2 of the two-column journal.
29. Paid utilities expense, $1,500.
29. Paid miscellaneous expenses, $750.
30. Received cash from customers on account, $7,800.
30. Paid wages of employees, $4,000.
30. Paid creditor a portion of the amount owed for equipment purchased on
April 6, $2,500.
30. Paid dividends, $2,000.
These are the answers below, show me how to put them in the template in attached files
1) Cash
Kathleen Alvarez, Capital
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31
17,000
2) Rent Expense
Cash
53
11
3,400
6) Equipment
Accounts Payable
16
22
10,000
8) Truck
Cash
Notes Payable
18
11
21
2 1,000
10) Supplies
Cash
13
11
1,800
12) Cash
Fees Earned
11
41
13,000
17,000
3,400
10,000
2 ,000
19,000
1,800
13,000
15) Prepaid Insurance
Cash
14
11
1,800
23) Accounts Receivable
Fees Earned
12
41
9,000
24) Truck Expense
Accounts Payable
55
22
1,000
1,800
9,000
1,000
Apr. 29) Utilities Expense
Cash
Debit
Credit
54
11
1,500
29) Miscellaneous Expense
Cash
59
11
7 50
30) Cash
Accounts Receivable
11
12
7 ,800
30) Wages Expense
Cash
51
11
4,000
30) Accounts Payable
Cash
22
11
2 ,500
30) Kathleen Alvarez, Drawing
Cash
32
11
2 ,000Attachment Preview:
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