Answer:
March 1
Cash $195,000 (debit)
Office equipment $29,000 (debit)
Common Stock $224,000 (credit)
March 2
Prepaid Rent $8,000 (debit)
Cash $8,000 (credit)
March 3
office equipment $4,200 (debit)
office supplies $2,400 (debit)
Accounts Payable $6,600 (credit)
March 6
Cash $3,500 (debit)
Revenue $3,500 (credit)
March 9
Trade Receivable $9,200 (debit)
Revenue $9,200 (credit)
March 12
Accounts Payable $6,600 (debit)
Cash $6,600 (credit)
March 19
Prepaid Insurance $4,700 (debit)
Cash $4,700 (credit)
March 22
Cash $3,900 (debit)
Trade Receivable $3,900 (credit)
March 25
Trade Receivable $3,760 (debit)
Revenue $3,760 (credit)
March 29
Dividend $6,200 (debit)
Cash $6,200 (credit)
March 30
Office supplies $1,600 (debit)
Cash $1,600 (credit)
March 31
Utility Bill $700 (debit)
Cash $700 (credit)
Explanation:
Identify the two Accounts Affected and place them in the respective given titles then record the journal.
