U3A2 - Recording Transactions in a Journal

Journalize the following transactions for T. Lin Consulting Services in the

journal page below. Add explanations for the transactions and leave a
space between each.

2020
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

2020
May 3 rent expense ###
bank ###
paid for rent with cheque #85

4 bank $ 340.00
A/R - Southco $ 340.00
recived money on account

7 A/R - P. Plum $ 550.00

Revenue $ 550.00
Performed service on account

8 A/P - Erin Repair $ 65

Bank $ 65
Performed service on account

9 T.Lin. Drawing $ 375.00

Bank 375.00
Withdraw 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
Recivied 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
a Journal

Chart of Accounts
105 Bank
110 A/R - Southco
115 A/R- P. Plum
125 Equipment
210 A/P - Erin Repair
305 T. Lin, Capital
310 T. Lin, Drawings
405 Revenue-Consulting
505 Rent Expense
510 Telephone Expense
515 Vehicle Repair Expense
520 Wages Expense