Financial Statement prepared cash payment on a note from the bank A compound entry revenue Cash and Accounts Receivable Journal entries are recorded Accounts Payable salary expense closed revenues closed Received utility bill accounts receivables cash - adjusted to match the bank statement dr. rent expense cr. prepaid rent Postings are made to the general ledger Cash and Revenue Assets and Liabilities Increase expenses Book of final entry credit side Provided Consulting services for cash Accounts Payable and Expenses Assets and Owner’s Equity dr. supplies expense cr. supplies Transaction occur Cash Financial Statement prepared cash payment on a note from the bank A compound entry revenue Cash and Accounts Receivable Journal entries are recorded Accounts Payable salary expense closed revenues closed Received utility bill accounts receivables cash - adjusted to match the bank statement dr. rent expense cr. prepaid rent Postings are made to the general ledger Cash and Revenue Assets and Liabilities Increase expenses Book of final entry credit side Provided Consulting services for cash Accounts Payable and Expenses Assets and Owner’s Equity dr. supplies expense cr. supplies Transaction occur Cash
(Print)
Financial Statement prepared
cash payment on a note from the bank
A compound entry
revenue
Cash and Accounts Receivable
Journal entries are recorded
Accounts Payable
salary expense closed
revenues closed
Received utility bill
accounts receivables
cash - adjusted to match the bank statement
dr. rent expense
cr. prepaid rent
Postings are made to the general ledger
Cash and Revenue
Assets and Liabilities
Increase expenses
Book of final entry
credit side
Provided Consulting services for cash
Accounts Payable and Expenses
Assets and Owner’s Equity
dr. supplies expense
cr. supplies
Transaction occur
Cash
