Question

For each of the following please give me the journal entries using XXX in place of dollar amounts.

Receive Investment by Stockholders

2. Purchase Supplies for Cash

3. Purchase Equipment for Cash        

4. Purchase Supplies on Credit

5. Provide Services for Cash

6. Payment of Expense in Cash

7. Payment of Expense in Cash

8. Provide Consulting and Rental Services on Credit

9. Receipt of Cash on Account

10. Partial Payment of Accounts Payable

11. Payment of Cash Dividends

12. Receipt of Cash for Future Services         

13. Pay Cash for Future Insurance Coverage

14. Purchase Supplies for Cash

15. Payment of Expenses in Cash

16. Payment of Expenses in Cash

Answer 1

	Journal entries
S.no.	Accounts Title and explanation				Debit	Credit
1	Cash Account Dr.				XXX
	Common Stock					XXX
2	Supplies Account Dr.				XXX
	Cash account					XXX
3	Equipment Accont Dr.				XXX
	Cash account					XXX
4	Supplies Account Dr.				XXX
	Accounts payable					XXX
5	Cash Account Dr.				XXX
	Service revenue					XXX
6	Expense account Dr				XXX
	Cash acount					XXX
7	Expense account Dr				XXX
	Cash acount					XXX
8	Accounts receivable Dr.				XXX
	Consulting and rental service revenue					XXX
9	Cash Account Dr.				XXX
	Accounts receivable					XXX
10	Accounts payable Dr.				XXX
	Cash account					XXX
11	Dividend account Dr.				XXX
	Cash account					XXX
12	Cash account Dr.				XXX
	Unearned revenue					XXX
13	Prepiad insurance Account Dr.				XXX
	Cash account					XXX
14	Supplies Account Dr.				XXX
	Cash account					XXX
15	Expense Account Dr.				XXX
	Cash account					XXX
16	Expense Account Dr.				XXX
	Cash account					XXX