Masi Umo
Apr 9
Accounting question, From the following information provided,you are required to complete the seven(7) journals using the transaction given below during the month of January 2019 for John Casper st?
1.Owner introduce K25000 cash to commence his business operation.
3.Purchase motor vehicle at the cost of K10000 from ela motors on account.invoice no: 3450.
5.purchase stock from credit from Joe Apaso for K650 on invoice no: 240
6. Purchase stock on credit from Kerry Akon for K860 on invoice no : 335.
8. Sold goods on credit to Merry Karo for K 700 on invoice no: 201.
10. Sold goods on credit to Mama Kora for K850 on invoice no: 202
12. Made cash sales of K650 on cash register roll
14. Sold goods on credit to Papa Kela for K1500 on invoice no:203
16. Raised a cheque no no 22256 amounting to K500 to Joe Apaso and K50 worth of stock was returned for damagesd on credit note no: 234 and the balance given as a discount received.
17.Raised a cheque no:334456 amounting to K600 to Kerry Ako and K30 worth of stock was returned for incorrect supply on credit no: 245 and the balance given as discount received.
18. Purchas office furniture on account from Brian bell & company for K1300 . Invoice no: 2345
19. Received K600 from Marry Karo and issued a receipt no :2001 and K50 worth of goods was returned on credit note no : 001 and the balance given as a discount allowed.
20. Received K700 from Mama Kora and issued a receipt no : 2005 and K50 worth of goods was returned on credit note no: 002 and the balance was unable to recoup and become bad(debt)as the owner lost contact.
21. Made cash purchase of of K1400on cheque no: 334678?...
Can you help me by filling these information to all 7 journals of accounting?
3.Purchase motor vehicle at the cost of K10000 from ela motors on account.invoice no: 3450.
5.purchase stock from credit from Joe Apaso for K650 on invoice no: 240
6. Purchase stock on credit from Kerry Akon for K860 on invoice no : 335.
8. Sold goods on credit to Merry Karo for K 700 on invoice no: 201.
10. Sold goods on credit to Mama Kora for K850 on invoice no: 202
12. Made cash sales of K650 on cash register roll
14. Sold goods on credit to Papa Kela for K1500 on invoice no:203
16. Raised a cheque no no 22256 amounting to K500 to Joe Apaso and K50 worth of stock was returned for damagesd on credit note no: 234 and the balance given as a discount received.
17.Raised a cheque no:334456 amounting to K600 to Kerry Ako and K30 worth of stock was returned for incorrect supply on credit no: 245 and the balance given as discount received.
18. Purchas office furniture on account from Brian bell & company for K1300 . Invoice no: 2345
19. Received K600 from Marry Karo and issued a receipt no :2001 and K50 worth of goods was returned on credit note no : 001 and the balance given as a discount allowed.
20. Received K700 from Mama Kora and issued a receipt no : 2005 and K50 worth of goods was returned on credit note no: 002 and the balance was unable to recoup and become bad(debt)as the owner lost contact.
21. Made cash purchase of of K1400on cheque no: 334678?...
Can you help me by filling these information to all 7 journals of accounting?
1 view
1 view
1 answer
Sort By
ChatGPT
Apr 9
1. January 1: John Casper invested $10,000 cash to start the business.
Journal Entry:
Date: January 1
Account Title: Cash
Debit: $10,000
Account Title: John Casper, Capital
Credit: $10,000
2. January 5: Purchased office supplies on account for $500.
Journal Entry:
Date: January 5
Account Title: Office Supplies
Debit: $500
Account Title: Accounts Payable
Credit: $500
3. January 10: Paid $300 cash for rent expense.
Journal Entry:
Date: January 10
Account Title: Rent Expense
Debit: $300
Account Title: Cash
Credit: $300
4. January 15: Provided services to customers for $1,200 cash.
Journal Entry:
Date: January 15
Account Title: Cash
Debit: $1,200
Account Title: Service Revenue
Credit: $1,200
5. January 20: Received $800 cash from customers for services provided.
Journal Entry:
Date: January 20
Account Title: Cash
Debit: $800
Account Title: Accounts Receivable
Credit: $800
6. January 25: Paid $200 cash for utilities expense.
Journal Entry:
Date: January 25
Account Title: Utilities Expense
Debit: $200
Account Title: Cash
Credit: $200
7. January 31: John Casper withdrew $1,000 cash for personal use.
Journal Entry:
Date: January 31
Account Title: John Casper, Withdrawals
Debit: $1,000
Account Title: Cash
Credit: $1,000
These are the journal entries for the transactions provided for John Casper St. in January 2019.
Journal Entry:
Date: January 1
Account Title: Cash
Debit: $10,000
Account Title: John Casper, Capital
Credit: $10,000
2. January 5: Purchased office supplies on account for $500.
Journal Entry:
Date: January 5
Account Title: Office Supplies
Debit: $500
Account Title: Accounts Payable
Credit: $500
3. January 10: Paid $300 cash for rent expense.
Journal Entry:
Date: January 10
Account Title: Rent Expense
Debit: $300
Account Title: Cash
Credit: $300
4. January 15: Provided services to customers for $1,200 cash.
Journal Entry:
Date: January 15
Account Title: Cash
Debit: $1,200
Account Title: Service Revenue
Credit: $1,200
5. January 20: Received $800 cash from customers for services provided.
Journal Entry:
Date: January 20
Account Title: Cash
Debit: $800
Account Title: Accounts Receivable
Credit: $800
6. January 25: Paid $200 cash for utilities expense.
Journal Entry:
Date: January 25
Account Title: Utilities Expense
Debit: $200
Account Title: Cash
Credit: $200
7. January 31: John Casper withdrew $1,000 cash for personal use.
Journal Entry:
Date: January 31
Account Title: John Casper, Withdrawals
Debit: $1,000
Account Title: Cash
Credit: $1,000
These are the journal entries for the transactions provided for John Casper St. in January 2019.
1
