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DATE DESCRIPTION DEBIT

May 1 Cash 20,000


Grey, Capital
Owner’s Investment in the business for £20,000

5 Cash 150
Lesson Revenue
Payment received of £150 for lessons performed

7 Cash 400
Boarding Revenue
Payment received of £400 for boarding of horses beginning June 1

12 Office Equipment 800


Cash
Purchased desk and other office equipment for £800 cash

15 Grey, Withdrawals 440


Cash
Owner withdrew £440 cash for personal use

20 Cash 184
Riding Revenue
Received £184 cash for riding fees

30 Veterinary Expense 75
Accounts Payable
Received bill of £75 from veterinarian for services rendered

31 Hay and Feed Expense 1500


Cash
Purchased an estimated 2 months' supply of feed and hay on
account for £1,500
CREDIT

20,000

150

400

800

440

184

75

1500

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