Drill 1 Drill 2

Date Account Title and Explanation Debit Credit Date

6/15/18 Torres, Capital 400,000 July 4
Cash 400,000
Deposited personal funds

Date Account Title and Explanation Debit Credit Date

6/18/16 Rent Expense 18,000 July 7
Cash 18,000
Paid monthly rent

Date Account Title and Explanation Debit Credit Date

6/21/16 Office Equipment 50,000 July 8
Accounts Payable 50,000
Bought office equipment on account

Date Account Title and Explanation Debit Credit Date

6/25/16 Transportation Equipment 500,000 July 12
Cash 500,000
Bought equipment using cash

Date Account Title and Explanation Debit Credit Date

6/27/16 Accounts Payable 25,000 July 18
Cash 25,000
Partial payment for equipment

Date Account Title and Explanation Debit Credit Date

6/31/16 Drawing 10,000 July 22
Cash 10,000
Withdrew cash for personal use

Date
July 24

Date
July 28
Account Title and Explanation Debit Credit
Cash 55,000
Gonzales, Capital 55,000
Invested money in the business

Account Title and Explanation Debit Credit

Rent Expense 10,000
Cash 10,000
Paid for rent

Account Title and Explanation Debit Credit

Cleaning Supplies 3,800
Cash 3,800

Account Title and Explanation Debit Credit

Cash 9,500
Service Income 9,500
Collected cash

Account Title and Explanation Debit Credit

Drawing 9,000
Cash 9,000
Withdrew cash for personal use

Account Title and Explanation Debit Credit

Accounts Receivable 16,000
Service Income 16,000

Account Title and Explanation Debit Credit

Cash 16,000
Service Income 16,000
Collected cash from customers

Account Title and Explanation Debit Credit

Salaries Expense 5,000
Cash 5,000