Answer:
General Journal:
April 2:
Debit Cash $34,620
Debit Equipment $15,500
Credit Common Stock $50,120
To record the investment of capital in the business.
April 2: N/A
April 3:
Debit Supplies $771
Credit Accounts Payable $771
To record the purchase of supplies on account.
April 7:
Debit Rent Expense $663
Credit Cash $663
To record the payment of rent for the month.
April 11:
Debit Accounts Receivable $1,202
Credit Service Revenue $1,202
To record services rendered to a client.
April 12:
Debit Cash $2,679
Credit Unearned Service Revenue $2,679
To record the receipt in advance for management consulting.
April 17:
Debit Cash $2,580
Credit Service Revenue $2,580
To record the services rendered to Ferengi Co.
April 21:
Debit Insurance Expense $118
Credit Cash $118
To record the payment of insurance expense.
April 30:
Debit Salaries $1,196
Credit Cash $1,196
To record the payment of salaries for the month.
April 30:
Debit Supplies Expense $131
Credit Supplies $131
To record supplies used.
April 30:
Debit Office Computer $6,293
Credit Common Stock $6,293
To record the purchase of a new computer for office use with personal funds.
Explanation:
General journals are used to record all kinds of business transactions as they occur on a daily basis. They show the accounts to be debited and the ones to be credited. They are used to initially record transactions before they are posted to the general ledger.
