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View Full Version : How do I journalize these entries?


nicolea410
Sep 14, 2008, 05:48 PM
1. Jane invested additional cash in the business with a deposit of $50,000 in the business bank account.

2. Purchased land for a parking lot, paying cash of $45,000.

3. Paid rent for the month, $4,500

4. Paid creditor on account, $5,800

SkunkbuTTface
Oct 14, 2008, 06:36 AM
1. Debit cash, credit stockholders equity
2. Debit land(or the account you are using for land), credit cash
3. Debit rent expense, credit cash
4. Debit Accounts Payable, credit cash