[thalialex]

Goodafternoon, Everyone!!

I need to know if I am in the right track.

Thank you,

Thalialex

Joural entry:::

Feb. 1 Paid the secretary for two weeks' wages, $600.
Cash (debit)/Wage Payable (debit)

Feb. 2 Paid the amount due to Morgan Equipment for the office equipment purchased last month $1,500
Office Equip. (debit)/ Cash (credit)

Feb. 3 Accepted an advance fee in cash for artwork to be done for another agency, $1,800.
Cash (debit)/unearned art fees (credit)

Feb. 4 Purchased a copier from Morgan Equipment for $2,100 paying $250 in cash and agreeing to pay he rest in equal payments over the next five months.
Equip. (debit) 2,100
Cash (debit) 350
Acc.Payable (credit) 1,750

Feb. 5 Performed advertising services and accepted a cash fee, $1,050.
Serv. Rev. (debit)/Cash (credit)

Feb. 6 Received payment on account from Ward Department Stores for services performed last month, $2,800


Feb. 7 Paid amount due for the telephone bill that was received and recorded at the end of January , $70.20.
Telephone Exp. (debit)/Cash (credit)

Feb. 8 Performed advertising services for Ward Department Stores and agreed to accept payment next month $3,200.

Feb. 9 Performed art services for a cash fee, $580
Cash (debit)/Serv. Rev. (credit)

Feb. 10 Received and paid the utility bill for February, $110. Paid the secretary for two weeks' wages, $600.
Utility bill (debit)/Cash (credit)

Feb. 11 Paid the rent for March in advance, $400.
Rent exp. (debit)/Cash (credit)

Feb. 12 Received the telephone bill for February, which is to be paid next month, $80.
Prepaid bill (debit)/Cash (credit)

Feb. 13 Paid out cash to Joan Miller as a withdrawal for personal living expenses, $1,400.
Withdrew personal expense (debit)/Cash (credit)

[pready]

Feb 1 Debit Wages Expense and Credit Cash

Feb 2 Debit Accounts Payable and Credit Cash

Feb 3 correct.

Feb 4 correct.

Feb 5 Debit Cash and Credit Advertising Fees Earned

Feb 6 Debit Cash and Credit Accounts Receivable

Feb 7 correct.

Feb 8 Debit Accounts Receivable and Credit Advertising Fees Earned

Feb 9 correct.

Feb 10 Debit Utilities Expense for 110, Debit Wages Expense for 600 and Credit Cash for 710

Feb 11 Debit Prepaid Rent and Credit Cash

Feb 12 Debit Telephone Expense and Credit Accounts Payable

Feb 13 Debit Joan Miller, Drawing and Credit Cash