Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On August 7, the company paid $1,350 for the hospital care of one of its employee. It is company policy to grant hospitalization benefits to its employees. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accrued expenses payable
   • Accounts payable
   • Salaries and wages
   • Miscellaneous expenses
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Accounts receivable is collected from a customer

Condominium units sold by real estate company

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On June 6 New World Enterprises sold $17,840 worth of items to Bright Builders for terms of 2/15, n/30. Record the entry in New World’s books. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Service income
   • Purchases
   • Sales
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On September 1, the company wrote a check for $1,000, as charity donation to a homeless shelter run by Catholic nuns. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Miscellaneous expenses
   • Accrued expenses payable
   • Representation
   • Donations and charitable contributions
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

When the owner invests capital in the business

Cash is invested in a research company in India

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Interest earned on bank deposits amounting to $3,600 was credited to the Company’s account on September 30.. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Sales
   • Interest income
   • Service income
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On March 16, Audrey Leisure Park spent $1,450 for the replacement of lighting accessories in one of its entertainment booths. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Property and equipment
   • Accounts payable
   • Repairs and maintenance
   • Salaries and wages
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

When salaries are paid

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On July 30, JM Motors paid salaries for the month of July totaling $18,965.

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Salaries and wages
   • Interest expense
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On June 30, various unpaid miscellaneous items amounted to $2,350. These items were incurred during the month are all payable in July. Record the transaction on June 30. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Miscellaneous expenses
   • Accounts payable
   • Accrued expenses payable
   • Prepaid expenses
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Banana exports by agricultural company

When the owner withdraws capital from the business

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On September 30, JM Motors paid quarterly interest on loan payable amounting to $2,375. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Interest income
   • Interest expense
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Water consumption for the month of September amounted to $1,720. The utility company serves a notice of service disconnection if the bill is unpaid within the first 15 days of the following month. Record the transaction on September 30. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Prepaid expenses
   • Accounts payable
   • Accrued expenses payable
   • Utilities
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Copper exports by mining company

Effects of payment for building rental

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On Feb 3, the company paid $630 to a fine-dining restaurant in connection with dinner hosted for an important customer. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accrued expenses payable
   • Representation and entertainment
   • Travel and transportation
   • Miscellaneous expenses
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Rental for an out-of-town warehouse for the month of July amounting to $3,450 remained unpaid at month’s end. Record the transaction on July 31.

Additional instruction:

1. Select from the following accounts:
   • Cash
   • General and administrative expenses
   • Accrued expenses payable
   • Rent
   • Prepaid rent
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Lumber exports by logging company

Effects of payment for TV advertising

Payment of interest on loan payable

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Rental for an out-of-town warehouse for the month of July amounting to $3,450 remained unpaid at month’s end. Record the transaction on July 31.

Additional instruction:

1. Select from the following accounts:
   • Cash
   • General and administrative expenses
   • Accrued expenses payable
   • Rent
   • Prepaid rent
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Restaurant sales

Effects of payment for transportation and traveling expenses of salesmen

Collection of interest on notes receivable

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Employees meals are subsidized as part of a company’s employee benefits. A local restaurant  provides the meals and bills the amount at month’s end, to be paid the following month. For November this amounted to $3,850. Record the entry on November 30. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Salaries and wages
   • Accounts payable
   • Accrued expenses payable
   • Employee benefits
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Services rendered by barber shop

Effects of payment for catering services during company Christmas party

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On September 9, Jane Mackie decided to expand the business and invested an additional $300,000 in JM Motors. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On July 23, JM Motors obtained a loan from PCI Bank amounting to $200,000. The loan proceeds were credited to JM Motors’ account. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Loan payable
   • Deposit payable
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blank

Payment of business registration for current year

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On September 28, Jane Mackie purchased from her personal fund various office equipment with invoice value of $12,000. On October 3, she transferred the equipment, representing her additional capital, to JM Motors for use in the business. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Office furniture and equipment
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On April 1, Jane Mackie invested $2,000,000 cash in JM Motors, a car dealership that will sell imported Japanese cars. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blank

Retainer fees paid to consultants

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Jane Mackie increased her capital further by infusing $200,000 cash into the business on November 3. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On June 29, Jane Mackie invested an additional $100,000 in JM Motors. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

What is an appropriate account title for the following transactions?

After the elements and accounts involved have been identified, the transaction is recorded in the general journal applying the

Payment of legal services

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Jane Mackie withdrew $50,000 from the business for her personal use on July 23. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On June 30, company remitted the amount of $1,100 representing percentage taxes for the month. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accrued expenses payable
   • Prepaid taxes
   • Taxes and licenses
   • Utilities
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

What is an appropriate account title for the following transactions?

What is an appropriate account title for the following transactions?

Payment of representation and entertainment bills of company president

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On August 18, Jane Mackie withdrew an additional $25,000 from the business for her personal use. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On January 31, the company paid a total of $3,400 for electricity, water, and other utilities for the month. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Utilities
   • Repairs and maintenance
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

What is an appropriate account title for the following transactions?

Payment of accounts payable to supplier

Payment of membership dues to industry association

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Sales on February 14 of CM Flowers and Gifts amounted to $3,786 cash. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Miscellaneous income
   • Sales
   • Service income
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On June 30 the bank credited the amount of $1,200 representing quarterly interest on the Company’s time deposit. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Service income
   • Sales
   • Interest income
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On July 30, JM Motors purchased and paid $100,000 cash for an adjacent lot, planned to be the future site for a car display showroom. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Land
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Promissory note and mortgage covering purchase of delivery vans

Utility bills for the month payable next month

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On March 10 Endure Tire Supply sold tires to JM Motors for $1,800; terms were 2/10, n/30. What is the journal entry for Endure? 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Purchases
   • Sales
   • Service income
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

Travel and transportation expenses for the month of January amounted to $2,350. These were paid on February 27. What is the entry on January 31?

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accrued expenses payable
   • Accounts payable
   • Miscellaneous expenses
   • Travel and transportation
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

When a bank loan is paid

Grocery sales by supermarket

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On September 10 Ace Enterprises sold various items totaling $12,000 to a major customer; terms were 3/15, n/30. Record the entry in Ace’s books. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Sales
   • Service income
   • Purchases
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On June 30, the company computed percentage taxes for June at $17,000. This is payable before July 20. Record the transaction on June 30. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accrued expenses payable
   • Accounts payable
   • Taxes and licenses
   • Business expenses
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.

When a company obtains a bank loan

Fees for legal services rendered collected by a law firm

Fill in the blanks below with the account titles and amounts for debits and credits in the journal entry for the following transaction.

On October 3 Creative Interiors delivered various accessories and fixtures totaling $9,000 to a De Luxe Designs for a major office renovation project; terms were 2/15, n/30. Record the entry in Creative’s books. 

Additional instruction:

1. Select from the following accounts:
   • Cash
   • Accounts receivable
   • Accounts payable
   • Jane Mackie, Capital
   • Jane Mackie, Withdrawals
2. In filling in amounts, do not include currency signs, commas, decimal points or amounts to the right of decimal points, if any.