Unit 3, Activity 2 Assignment

Journalize the following transactions in the journal page below. Add

explanations for the transactions and leave a space between each.
2015
May
3 Paid the rent for May, $1500. by cheque # 85
4 Received $340 from Southco on account. Hint – if you are receiving money is this A/R or A/P?
7 Completed a consulting service for P. Plum on account, $550
8 Paid $65 to Erin Repair on account
9 The owner, Tabatha Lin, withdrew $375 cash for personal use.
13 Paid $43 for the phone bill by cheque #86
18 Got the company van repaired on account with Erin Repair, $282
23 Received $550 from P. Plum on account.
27 Completed a consulting service for G. Dekker, $768, paid by cheque.
30 Paid wages of $600, paid by cheque #87

Date Particulars P.R. Debit Credit Chart of Accounts

2015 105 Bank
May 3 Rent expense 1,500.00 110 A/R - Southco
Bank 1,500.00 120 Equipment
Paid for rent with cheque #85 115 A/R - P. Plum
210 A/P - Erin Repair
4 Bank 340.00 305 T. Lin, Capital
A/R - Southco 340.00 310 T. Lin, Drawings
Received money on account 405 Revenue
505 Rent Expense
7 A/R - P. Plum 550.00 510 Telephone Expense
Revenue 550.00 515 Vehicle Repair Expense
Performed service on account 520 Wages Expense

8 A/P - Erin Repair 65.00

Bank 65.00
Performed service on account

9 T. Lin, Drawings 375.00

Bank 375.00
Withdrew money

13 Telephone expense 43.00

Bank 43.00
Paid for the phone bill by cheque #86

18 Vehicle Repair Expense 282.00

A/P - Erin Repair 282.00
Performed service on account

23 Bank 550.00
A/R - P. Plum 550.00
Received money on account

27 A/R - G. Dekker 768.00

Revenue 768.00
Performed service on account

30 Wages expense 600.00

Bank 600.00
Paid wages by cheque #87

5,073.00 5,073.00