Activity 2:

Journal
Page 1
Date Account Titles and Explanation P.R. Debit Credit
1 2021
2 Feb. 1 Cash 62,000
3 Arenas, Capital 62,000
5 Initial Investment.
6
7 Feb.3 Cleaning Supplies 21,400
8 Accounts Payable 21,400
9 Purchased cleaning supplies on
account.
10
11 Feb. 5 Cleaning Supplies 15,600
12 Accounts Payable 15,600
13 Purchased cleaning supplies on
account.
14
15 Feb. 6 Service Vehicle 47,000
16 Cash 10,000
17 Notes Payable 37,000
18 Purchased Service Vehicle for
cash and issues note payable for
balance.
19
20 Feb. 7 Rent Expense 7,300
21 Cash 7,300
22 Paid rent on office space.
23
24 Feb. 9 Cash 31,800
25 Cleaning Revenue 31,800
26 Service rendered for cash.
27
28 Feb. 10 Advertisement Expense 1,700
29 Cash 1,700
30 Paid newspaper advertisement.
31
32 Feb. 12 Prepaid Insurance 4,800
33 Cash 4,800
34 Paid insurance in advance.
35
36 Feb. 13 Accounts Payable 9,000
37 Cash 9,000
38 Partial payment of accounts.
39
 Page 2d
Date Account Titles and Explanation P.R. Debit Credit
1 2021
2 Feb. 14 Miscellaneous Expense 2,200
3 Cash 2,200
5 Paid miscellaneous.
6
7 Feb. 15 Accounts Receivable 18,600
8 Cleaning Revenue 18,600
9 Service rendered on account.
10
11 Feb. 16 Salaries Expense 8,400
12 Cash 8,400
13 Paid salaries of employees.
14
15 Feb. 20 Cash 9,800
16 Accounts Receivable 9,800
17 Partial collection on accounts.
18
19 Feb. 22 Notes Payable 2,400.25
20 Telephone Expense 900
21 Cash 3,300.25
22 Partial payment of notes payable
and paid telephone bill.
23
24 Feb. 28 Salaries Expense 7,900
25 Cash 7,900
26 Paid salaries of employees.
27
28 Accounts Receivable 22,500
29 Cleaning Revenue 22,500
30 Service rendered on account.
31
32 Arenas, Withdrawals 10,000
33 Cash 10,000
34 Withdrawal by owner.
35
36
37
38
39