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