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Glencoe Accounting: First Year Course, Student Edition | 1st Edition | ISBN: 9780078688294 | Authors: Glencoe
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Recording General Journal Transactions Regina Delgado owns a business called Hot Suds

Chapter 6, Problem 6-5

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QUESTION:

Recording General Journal Transactions 

Regina Delgado owns a business called Hot Suds Car Wash. She uses the following chart of accounts.

Instructions: Record the following transactions on page 1 of the general journal in your working papers.

Identify the revenue account that was not used in the month of January.                                                       

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QUESTION:

Recording General Journal Transactions 

Regina Delgado owns a business called Hot Suds Car Wash. She uses the following chart of accounts.

Instructions: Record the following transactions on page 1 of the general journal in your working papers.

Identify the revenue account that was not used in the month of January.                                                       

ANSWER:

Problem 6.5

Recording General Journal Transactions Regina Delgado owns a business called Hot Suds Car Wash. She uses the following chart of accounts. General Ledger 101 Cash in Bank 401 Wash Revenue 105 Accts. Rec. Linda Brown 405 Wax Revenue 110 Accts. Rec. Valley Auto 410 Interior Detailing Revenue 125 Office Equipment 501 Advertising Expense 130 Office Furniture 505 Equipment Rental Expense 135 Car Wash Equipment 510 Maintenance Expense 201 Accts. Pay. Allen 520 Rent Expense Vacuum Systems 525 Salaries Expense 205 Accts. Pay. OBrians 530 Utilities Expense Office Supply 301 Regina Delgado, Capital 305 Regina Delgado, Withdrawals 310 Income Summary Instructions: Record the following transactions on page 1 of the general journal in your working papers.

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Business is described as an entity which is incorporated to generate revenues or profits in the long run. The businesses can also be established for charitable purposes, in which the main motive is the welfare of the society.

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