What would be the JE for the following?

Recording sales on acccount, 152,500.00?

Recording purchase of supplies on acct for 265.00?

Record payment of above invoice for supplies?

Record receipt of payments on sales previously entered in first question for $10,000?

Are these accts usually dr or cr balance
AP
AR
Accrued fed income tax pyble
Depreciation
Cash in chking
Commissions paid
Deposits
Dues & Subscriptions
Freight on purchase
Investments
Payroll taxes
Salaries
Expenses

Quote:

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Originally Posted by Mom2three

What would be the JE for the following?

Recording sales on acccount, 152,500.00?

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Dr. Accounts Receivable (or AR for short) 152,500
Cr. Sales 152,500

Quote:

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Originally Posted by Mom2three

Recording purchase of supplies on acct for 265.00?

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Dr. Supplies 265
Cr. Accounts Payabale (or AP for short) 265

Quote:

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Originally Posted by Mom2three

Record payment of above invoice for supplies?

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Dr. AP 265
Cr. Cash 265

Quote:

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Originally Posted by Mom2three

Record receipt of payments on sales previously entered in first question for $10,000?

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Dr. Cash 10,000
Cr. AR 10,000

Quote:

---

Originally Posted by Mom2three

Are these accts usually dr or cr balance

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AP = normally a credit balance
AR = normally a debit balance
Accrued fed income tax pyble = normally a credit balance
Depreciation (do you mean depreciation expense (debit) or accumulated depreciation (credit)?
Cash in chking = normally a debit balance
Commissions paid (so in a sense an expense? Debit)
Deposits = normally a debit balance
Dues & Subscriptions (as in revenues received or what? If that’s the case, credit)
Freight on purchase = normally a debit balance
Investments = normally a debit balance
Payroll taxes (as in an expense, debit, as in payable, credit)
Salaries (as in an expense? Debit)
Expenses = normally a debit balance