Question

Journal Entry for

2/ 1   Paid $4,000 for office rent for the month.

2/ 3   Purchased on account supplies for $1,300.

2/ 4   Paid the $1,200 for January utilities.

2/ 7   Collected $4,500 from Mrs. Smith.

2/11   Completed a job for Mr. Ellis for $5,100 and collected the $5,100 from him.

2/28 completed a job for mr. putter and presented him with a bill for $6400

2/28   Paul withdrew $1,000 from the business and Sylvia withdrew $1,000.

2/28   Utilities for the month cost $1,500. (The bill will be paid in March.)

Supplies that had cost $800 were still on hand at the end of the month.

1) Prepare Journal entries for the month, including adjusting entries for depreciation and supplies

Answer 1

Date	Account	Debit	credit
2/1	Office rent expense	4000
	cash		4000
	[rent paid]
2/3	Supplies	1300
	Accounts payable		1300
	[Supplies purchased on account]
2/4	utilities expense payable	1200
	cash		1200
2/7	cash	4500
	Accounts receivable		4500
	[Amount collected]
2/11	Cash	5100
	sales revenue		5100
2/28	Accounts receivable	6400
	sales revenue		6400
2/28	Paul drawings	1000
	Sylvia drawings	1000
	cash		2000
2/28	Utilities expense	1500
	utilities expense payable		1500

For depreciation and supplies ,Information regarding asset cost ,useful life ,salvage etc is missing.for supplies ,supplied used during the month is missing