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    jus lil o me's Avatar
    jus lil o me Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 16, 2010, 08:59 PM
    journalize, and T accounts for all statements and balance sheets
    I need help in doing this problem, I have some done but not 100% sure I have it right. Im unsure on what goes under what even if only have help on the Taccounts could be fine

    Dwyer Delivery Service completed the following transactionsduring it's first month of operation for January 2011.

    A. Dwyer Delivery service began operations by receiving $5,000 cash and a truck valued at $10,000. The business gave owner's equity to acquire these assets.

    B. Paid $200 cash for supplies.

    C. Prepaid Insurance, $600.

    D. Performed delivery service for a customer and received $700 cash.

    E. Completed a large delivery job, billed the customer $2,000, and received a promise to collect the $2,000 within one week.

    F. Paid employee salary, $800.

    G. Received $900 cash for performing delivery service.

    H. Collected $500 in advance for a delivery service to be performed later.

    I. Collected $2,000 cash from a customer on account.

    J. Purchased fuel for the truck, paying $100 with the company credit card. Credit Accounts Payable.

    K.Performed delivery services on account, $800.

    L. Paid office rent, $500. This rent is not paid in advance.

    M. Paid $100 on account.

    N. Owner withdrew $1,900
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 19, 2010, 01:31 AM

    If you have some done, show your work. We don't just answer homework for you, and given the nature of journal entries, it's a bit difficult to just "give some hints" to get you started since very entry is different.

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