Accounting and Finance Foundations

Unit 7

Accounting and Finance Foundations Unit 7: Financial Statements 608

Financial Statements

Chapter 18

Student Guide

2.3.9Lesson 18.7 Review of the Accounting Cycle:

Putting it all Together (cont’d)

Page____

General Journal

Date

Account

Number

Description of Transaction Debit Credit

22 12/21/20YY 320 Owner’s Draw, Mrs. King $600.00

23 110 Cash $600.00

24 Mrs. King withdrew to get a makeover.

25 12/21/20YY 130 Supplies $500.00

26 310 Capital, Mrs. King $500.00

27 Mrs. King contributed a computer to her

business.

28 12/21/20YY 520 Utilities Expense $200.00

29 110 Cash $200.00

30 Paid utility bill for December.

31 12/23/20YY 130 Supplies $5,000.00

32 210 Accounts Payable $5,000.00

33 Bought an antique desk for office account.

34 12/29/20YY 110 Cash $2,500.00

35 120 Accounts Receivable $2,500.00

36 Received payment for designing services

from Star Bank.

37 12/29/20YY 130 Supplies $250.00

38 110 Cash $250.00

39 Purchased a calculator for the office.

40 12/30/20YY 130 Supplies $2,000.00

41 110 Cash $2,000.00

42 Purchased office furniture with cash.

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