Print this page to use for your journal entries. Only accounts on this page can be used.
Asset Accounts
Acct #
Cash 101
Baking Supplies 102
Prepaid Rent 103
Prepaid Insurance 104
Baking Equipment 105
Office Supplies 106
Accounts Receivable 107
Accumulated Depreciation 108
Merchandise Inventory 109
This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing
and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a
resource for you.
, entries. Only accounts on this page can be used.
Liability Accounts Equity Accounts
Acct #
Notes Payable 201 Common Stock
Accounts Payable 202 Dividends
Wages Payable 203
Interest Payable 204
Revenue Accounts
Bakery Sales
Merchandise Sales
y the appropriate accounts to record to as you are analyzing
k. There is nothing to complete on this page; this is simply a
esource for you. Expense Accounts
Baking Supplies Expense
Rent Expense
Insurance Expense
Misc. Expense
Business License Expense
Advertising Expense
Wages Expense
Telephone Expense
Interest Expense
Depreciation Expense
Office Supplies Expense
Cost of Goods Sold
,s
Acct #
301
302
ts
Acct #
401
402
ts
Acct #
501
502
503
504
505
506
507
508
509
510
511
512
, Peyton Approved
General Journal Entries
Jul-18
Date Accounts Debit
1-Jul Cash 10,000.00
Common Stock
Purchase of Common Stock
1-Jul Baking Supplies 6,500.00
Accounts Payable
Puchase of Baking Supplies
3-Jul Cash 10,000.00
Notes Payable
Loan - Two years at 6%
7-Jul Rent Expense 1,500.00
Prepaid Rent 1,500.00
Cash
First and Last Month Rent Payment
10-Jul Business License Expense 375.00
Cash
Purchase of Business License
11-Jul Misc. Expense 250.00
Cash
Purhxase of Cash Register
13-Jul Baking Equipment 6,000.00
Common Stock
Transfer Baking Equipment in exchange for Common Stock
13-Jul Advertising Expense 200.00
Cash
Advertising Expenese for the Business
14-Jul Office Supplies 300.00
Cash
Purchase of Office Supplies
30-Jul Telephone Expense 75.00
Accounts Payable
Received July Telephone Bill
31-Jul Prepaid Insurance 2,400.00
Cash
Prepay 12-month Insurance Policy
31-Jul Wages Expense 120.00
Wages Payable
Accured Wages for Employee. (10 hours @ $12/hr)
Asset Accounts
Acct #
Cash 101
Baking Supplies 102
Prepaid Rent 103
Prepaid Insurance 104
Baking Equipment 105
Office Supplies 106
Accounts Receivable 107
Accumulated Depreciation 108
Merchandise Inventory 109
This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing
and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a
resource for you.
, entries. Only accounts on this page can be used.
Liability Accounts Equity Accounts
Acct #
Notes Payable 201 Common Stock
Accounts Payable 202 Dividends
Wages Payable 203
Interest Payable 204
Revenue Accounts
Bakery Sales
Merchandise Sales
y the appropriate accounts to record to as you are analyzing
k. There is nothing to complete on this page; this is simply a
esource for you. Expense Accounts
Baking Supplies Expense
Rent Expense
Insurance Expense
Misc. Expense
Business License Expense
Advertising Expense
Wages Expense
Telephone Expense
Interest Expense
Depreciation Expense
Office Supplies Expense
Cost of Goods Sold
,s
Acct #
301
302
ts
Acct #
401
402
ts
Acct #
501
502
503
504
505
506
507
508
509
510
511
512
, Peyton Approved
General Journal Entries
Jul-18
Date Accounts Debit
1-Jul Cash 10,000.00
Common Stock
Purchase of Common Stock
1-Jul Baking Supplies 6,500.00
Accounts Payable
Puchase of Baking Supplies
3-Jul Cash 10,000.00
Notes Payable
Loan - Two years at 6%
7-Jul Rent Expense 1,500.00
Prepaid Rent 1,500.00
Cash
First and Last Month Rent Payment
10-Jul Business License Expense 375.00
Cash
Purchase of Business License
11-Jul Misc. Expense 250.00
Cash
Purhxase of Cash Register
13-Jul Baking Equipment 6,000.00
Common Stock
Transfer Baking Equipment in exchange for Common Stock
13-Jul Advertising Expense 200.00
Cash
Advertising Expenese for the Business
14-Jul Office Supplies 300.00
Cash
Purchase of Office Supplies
30-Jul Telephone Expense 75.00
Accounts Payable
Received July Telephone Bill
31-Jul Prepaid Insurance 2,400.00
Cash
Prepay 12-month Insurance Policy
31-Jul Wages Expense 120.00
Wages Payable
Accured Wages for Employee. (10 hours @ $12/hr)
