sample problem chapter 4 recording transactions in the general journal. the transactions listed...
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Sample ProblemSample Problem
Chapter 4Chapter 4
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Recording transactions in the general journal.
The transactions listed below took place at Wu Building Cleaning Service during September 2007. This firm cleans commercial buildings for a fee.
INSTRUCTIONSAnalyze and record each transaction in the general journal. Choose the account names from the chart of accounts
shown below. Be sure to number the journal page 1 and to write the year at the top of the Date column.
Analyze:
How many transactions affected expense accounts?
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Transaction – Sept. 1Transaction – Sept. 1
Date Description Post. Ref. Debit Credit2007
Sept. 1 Cash 101 25,000 Fred Wu, Capital 301 25,000Start up investment
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Transaction – Sept. 5Transaction – Sept. 5
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 1 Cash 101 25,000
Fred Wu, Capital 301 25,000Start Up Investment
5 Cash 101 2,800 Fees Income 401 2,800Payment for services
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Transaction – Sept. 6Transaction – Sept. 6
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 1 Cash 101 25,000
Fred Wu, Capital 301 25,000Start Up Investment
5 Cash 101 2,800 Fees Income 401 2,800Payment for services
6 Rent expense 511 1,800 Cash 101 1,800Issued check 1000 - Sep. rent
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Transaction – Sept. 7Transaction – Sept. 7
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 1 Cash 101 25,000
Fred Wu, Capital 301 25,000Start Up Investment
5 Cash 101 2,800 Fees Income 401 2,800Payment for services
6 Rent expense 511 1,800 Cash 101 1,800Issued check 1000 - Sep. rent
7 Accounts Receivable 111 3,600 Fees Income 401 3,600Payment for services
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Transaction – Sept 9Transaction – Sept 9
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 9 Telephone expense 521 400
Cash 101 400Issued check 1001
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Transaction – Sept. 10Transaction – Sept. 10
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 10 Equipment repair exp 502 230
Cash 101 230Issued check 1002
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Transaction – Sept. 12Transaction – Sept. 12
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 12 Cash 101 975
Accounts Rec. 111 975Payment from credit clients
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Transaction – Sept. 14Transaction – Sept. 14
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 14 Salaries expense 514 9,000
Cash 101 9,000Issued checks 1003-1004
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Transaction – Sept. 18Transaction – Sept. 18
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 18 Cleaning supplies exp501 700
Cash 101 700Issued check 1005
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Transaction – Sept. 19Transaction – Sept. 19
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 19 Office supplies exp. 503 600
Cash 101 600Issued check 1006
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Transaction – Sept. 20Transaction – Sept. 20
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 20 Equipment 141 6,000
Cash 101 2,000 Accounts Payable 202 4,000Invoice 1012; check 1007
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Transaction – Sept. 22Transaction – Sept. 22
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 22 Cash 101 4,950
Fees Income 401 4,950Payment for services
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Transaction – Sept. 24Transaction – Sept. 24
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 24 Utilities expense 524 425
Cash 101 425Issued check 1008
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Transaction – Sept. 26Transaction – Sept. 26
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 26 Accounts Receivable 111 3,600
Fees Income 401 3,600Payment for services
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Transaction – Sept. 30Transaction – Sept. 30
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 30 Salaries expense 111 9,000
Cash 101 9,000Issued checks 1009-1010
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Transaction – Sept. 30Transaction – Sept. 30
General Journal Page 1Date Description Post. Ref. Debit Credit
2007Sept. 30 Fred Wu, Drawing 302 3,000
Cash 101 3,000Issued check 1011
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AnalysisAnalysis
Eight transactions affected expense Eight transactions affected expense accounts: September 6, 9, 10, 14, accounts: September 6, 9, 10, 14, 18, 19, 24,30 (salary expense, not 18, 19, 24,30 (salary expense, not Fred Wu personal expense)Fred Wu personal expense)