Directions # 3: Journal the following transactions related to the service business
Tom's Tailor Shop, owned by Tom Tumbull.
#1
October 1.
Received cash from owner, Tom Tumbull, as an investment, $5,000.00. Receipt N
Paid cash for insurance, $1,200.00. Check No. 1.
#2
October 9.
#3 October 13. Bought supplies on account from Sewing Essentials, $150.00. Memorandum No.
October 21. Sold services on account to Main Street Theater, $600.00. Sales Invoice No. 1.
October 24. Paid cash for electric bill, $300.00. Check No. 2.
October 31. Paid cash to owner, Tom Tumbull, for personal use, $3,000.00. Check No. 3.
#7
October 31. Received cash from sales, $2,352.00. Register Tape No. 1.
5
#8 Totaline columns of the journal (F - J).
#4
#5
Refer to the Chart of Accounts below for the account titles to use for column C.
#6
# 9
Prove page 1 of the journal. (122 through J25). If/when debits = credits (125=J25), double rule
#10 Prove cash. The beginning cash balance on October 1 is zero. (Note: You just started your
**The balance on the next unused check stub is $2,852.00. (This would be found by looking at you