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