Recording General Journal Transactions Abe Shultz owns and operates a pet grooming

Problem 6.6

Recording General Journal Transactions Abe Shultz owns and operates a pet grooming business called Kits & Pups Grooming. The following accounts are used to journalize transactions. General Ledger 101 Cash in Bank 207 Accts. Pay. Pet Gourmet 105 Accts. Rec. Juan Alvarez 301 Abe Shultz, Capital 110 Accts. Rec. N. Carlsbad 305 Abe Shultz, Withdrawals 115 Accts. Rec. Martha Giles 310 Income Summary 125 Office Equipment 401 Boarding Revenue 130 Office Furniture 405 Grooming Revenue 135 Computer Equipment 501 Advertising Expense 140 Grooming Equipment 505 Equipment Repair Expense 145 Kennel Equipment 510 Maintenance Expense 201 Accts. Pay. Able Store 520 Rent Expense Equipment 525 Salaries Expense 205 Accts. Pay. Dogs & 530 Utilities Expense Cats Inc. Instructions: Record the following transactions on page 7 of the general journal in your working papers.

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General journal is utilized by the accountants to record the transactions, and events pertaining to the organization. It is also referred to as a book of the original entry because the transactions are first recorded in this book, and thereafter moved to other books for preparing the financial statements.