Transaction Accounts Affected Increase or Debit or JOURNAL

Type of Account
Date (A, L, OE) Decrease Credit ENTRIES
A Cash Increase Debit DATE
May-06
OE Antonio, Capital Increase Credit May-06
7 NON ACCOUNTABLE TRANSACTION
A Repair Equipment Increase Debit
8
A Cash Decrease Credit
A Repair Supplies Increase Debit 8
9
A Cash Decrease Credit
10 NON ACCOUNTABLE TRANSACTION
11 NON ACCOUNTABLE TRANSACTION
A Cash Increase Debit 9
13
OE Service Income Increase Credit
14 NON ACCOUNTABLE TRANSACTION
A Accounts Receivable Increase Debit
15
OE Service Income Increase Credit 13
A Repair Tools Increase Debit
17
A Cash Decrease Credit
OE Salaries Expense Increase Debit
18
A Cash Decrease Credit 15
A Repair Supplies Increase Debit
20
L Accounts Payable Increase Credit
A Cash Increase Debit
21
A Accounts Receivable Decrease Credit 17
22 NON ACCOUNTABLE TRANSACTION
L Accounts Payable Decrease Debit
24
A Cash Decrease Credit
OE Salaries Expense Increase Debit 18
25
A Cash Decrease Credit
A Cash Increase Debit
28
A Accounts Receivable Decrease Credit
A Cash Increase Debit 20
29
OE Service Income Increase Credit
OE Rent Expense Increase Debit
30
A Cash Decrease Credit
OE Salaries Expense Increase Debit 21
31
A Cash Decrease Credit

24

25
28

29

30

31
 PARTICULARS DEBIT CREDIT
Cash 100,000.00
Antonio, Capital 100,000.00
To record the investment of Mr. Antonio

Repair Equipment 30,000.00

Cash 30,000.00
To record the acquisition of equipment

Repair Supplies 2,000.00

Cash 2,000.00
To record the purchase of repair supplies

Cash 1,000.00
Service Income 1,000.00
To record the rendered services

Accounts Receivable 35,000.00

Service Income 35,000.00
To record the rendered services on account

Repair Tools 9,000.00

Cash 9,000.00
To record the purchase of repair tools

Salaries Expense 3,600.00

Cash 3,600.00
To record the salaries paid

Repair Supplies 4,000.00

Accounts Payable 4,000.00
To record the purchase of supplies on account

Cash 2,000.00
Accounts Receivable 2,000.00
To record the collection from clients

Accounts Payable 4,000.00

Cash 4,000.00
To record the payment of accounts payable

Salaries Expense 3,600.00

Cash 3,600.00
To record the salaries paid
Cash 33,000.00
Accounts Receivable 33,000.00
To record the collection from clients

Cash 5,500.00
Service Income 5,500.00
To record the rendered services

Rent Expense 4,000.00

Cash 4,000.00
To record the rent paid

Salaries Expense 4,000.00

Cash 4,000.00
To record the salaries paid