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    nicolea410's Avatar
    nicolea410 Posts: 1, Reputation: 1
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    #1

    Sep 14, 2008, 05:48 PM
    How do I journalize these entries?
    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's Avatar
    SkunkbuTTface Posts: 1, Reputation: 1
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    #2

    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

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