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Pizza Delivery Worksheet This is a simple journal entry project. I want to make sure that...

Pizza Delivery Worksheet

This is a simple journal entry project. I want to make sure that you understand the basics of journal entries. Look at the calendar and make a journal entry for each transaction. At the bottom of the calendar page I listed the accounts that you will use. Use only these to complete the journal page. This is basic chapter 2 debits and credits journal entries. Let's look at the first entry. You open your business with $500. What did the business gain? $500 cash. That is your debit entry. What what is the credit entry to make the equation balance? Capital, so credit Capital for $500.

Cash                       500

        Capital                      500

September 2017

Friday 11 - Opened business bank account with personal cash, $500

Sunday 13 - Borrowed $1,000 cash from parents and sign a Note Payable

Monday 14 - Purchased equipment with cash costing $440 to keep pizza warm during delivery

Thursday 17 - Purchased gasoline, $60 cash

Friday 18 - Delivered pizzas receiving $60 from Pizza Aroma plus tips of $15

Saturday 19 - Delivered pizzas receiving $60 from Pizza Aroma plus tips of $20

Tuesday 22 - Delivered pizzas to an office party. Will receive $40 on the first of next month

Friday 25 - Delivered pizzas receiving $100 cash and $25 in tips

Saturday 26 - Delivered pizzas receiving $90 cash and $20in tips

Monday 28 - Received $50 now to deliver pizzas on Oct. 2

Tuesday 29 - Repaid parents $250 for the note.

Wednesday 30 - Withdrew $150 cash for personal expenses

Chart of Accounts

Cash, Equipment, Accounts Receivable, Notes Payable, Unearned Revenue, Capital, Gas Expense

Delivery Revenue, Tip Revenue, Owner Withdrawal

Date Account Titles and Explanation P.R. Debit Credit
Business   Accounting   
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Homework Answers

Answer #1
Date Accounts title Dr Cr
Friday 11 Cash    500
To Capital 500
Sunday 13 cash 1000
To Notes Payable 1000
Monday 14 Equipment 440
To cash 440
Thursday 17 Gas Expense 60
To cash 60
Friday 18 Cash 75
To Delivery Revenue 60
To Tip Revenue 15
Saturday 19 cash 80
To Delivery Revenue 60
To Tip Revenue 20
Tuesday 22 Accounts Receivable 40
To Delivery Revenue 40
Friday 25 Cash 125
   To Delivery Revenue 100
To Tip Revenue 25
Saturday 26 cash 110
To Delivery Revenue 90
To Tip Revenue 20
Monday 28 Cash 50
To Unearned Revenue 50
Tuesday 29 Notes payable 250
To cash 250
Wednesday 30 Owner Withdrawal 150
To cash 150
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