Analyzing
transactions and recording them as journal entries is the second step of
accounting process. The following table shows the journal entries for the above
events.
|
Company
A
|
||||
|
Journal
Entries
|
||||
|
January
31, 2010
|
||||
|
|
||||
|
Date
|
Account
|
L.P.
|
Debit
|
Credit
|
|
Jan
1
|
Cash
Common
Stock
|
|
100,000
|
100,000
|
|
Jan
2
|
Prepaid
Rent
Cash
|
|
36,000
|
36,000
|
|
Jan
3
|
Equipment
Cash
Notes
Payable
|
|
80,000
|
60,000
20,000
|
|
Jan
4
|
Office
Supplies
Accounts
Payable
|
|
17,600
|
17,600
|
|
Jan
13
|
Cash
Service
Revenue
|
|
28,500
|
28,500
|
|
Jan
13
|
Accounts
Payable
Cash
|
|
17,600
|
17,600
|
|
Jan
14
|
Wages
Expense
Cash
|
|
19,100
|
19,100
|
|
Jan
18
|
Cash
Accounts
Receivable
Service
Revenue
|
|
32,900
21,200
|
54,100
|
|
Jan
23
|
Cash
Accounts
Receivable
|
|
15,300
|
15,300
|
|
Jan
25
|
Cash
Unearned
Revenue
|
|
4,000
|
4,000
|
|
Jan
26
|
Office
Supplies
Accounts
Payable
|
|
5,200
|
5,200
|
|
Jan
28
|
Wages
Expense
Cash
|
|
19,100
|
19,100
|
|
Jan
31
|
Dividends
Cash
|
|
5,000
|
5,000
|
|
Jan
31
|
Electricity
Expense
Utilities
Payable
|
|
2,470
|
2,470
|
|
Jan
31
|
Telephone
Expense
Utilities
Payable
|
|
1,494
|
1,494
|
|
Jan
31
|
Miscellaneous
Expense
Cash
|
|
3,470
|
3,470
|
