Journalizing and Posting

The owner invests $20,000 cash into the business.
DR:​ ​ ​ (a)  
CR: ​ (b)  

• Cash
• Owner's Capital
• Accounts Payable

The business purchases office equipment worth $5,000. Payment will be made next month.
DR:​ (a)  
CR:​ (b)  

• Office Equipment
• Accounts Payable
• Cash

The business receives a loan of $10,000 from the bank and deposits it into the business account.
DR:​ (a)  
CR:​ (b)  

• Cash
• Accounts Payable
• Accounts Receivable

The owner contributes a company vehicle valued at $8,500.
DR:​ (a)  
CR:​ (b)  

• Vehicles
• Owner's Capital
• Cash

The company opens with $3,000 in supples, $2,000 in cash, and $5,000 in equipment, all contributed by the owner.
DR:​ ​ (a)  
DR: ​ (b)  
DR: ​ (c)  
CR: ​ (d)   for ​ (e)  

• Cash
• Supplies
• Equipment
• Owner's Capital
• $10,000
• $2,000
• $5,000
• $8,000

Paid $600 for office rent.
DR:​ (a)  
CR:​ (b)  

• Rent Expense
• Cash
• Rent Receivable
• Accounts Payable
• Accounts Receivable

Purchased $300 of office supplies on account.
DR:​ (a)  
CR:​ (b)  

• Office Supplies
• Accounts Payable
• Supplies Expense
• Cash

Billed a client $1,200 for consulting services provided.
DR:​ (a)  
CR:​ (b)  

• Accounts Receivable
• Consulting Fees
• Cash

Received $1,200 from a client previously billed.
DR:​ (a)  
CR:​ (b)  

• Cash
• Accounts Receivable
• Consulting Fees

Paid $300 cash to settle a previous supplies purchase.
DR:​ (a)  
CR:​ (b)  

• Accounts Payable
• Cash
• Supplies
• Supplies Expense
• Accounts Receivable