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