Connect Solution Date Accounts Debit Credit April 1 Cash 50

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Solution

Date Accounts Debit   Credit April 1 Cash $        50,000 Computer $        20,000 Capital $        30,000 2 Rent Expenses $          1,800 Cash $          1,800 3 Supplies $          1,000 Cash $          1,000 10 Prepaid Insurance $          2,400 Cash $          2,400 14 Salaries Expenses $          1,600 Cash $          1,600 24 Cash $          8,000 Commssion Revenue $          8,000 28 Salaries Expenses $          1,600 Cash $          1,600 29 Repair Expense $              350 Cash $              350 30 Telephone Expense $              750 Cash $              750 30 Dividends $          1,500 Cash $          1,500 Adjusting Entries Date Accounts Debit   Credit a. Insurance Expense $              133 Prepaid Insurance $              133 b. Supplies Expenses (1000-600) $              400 Supllies $              400 c. Depreciation Expenses $              500 Accumulated Depreciation $              500 d. Salaries Expenses $              420 Salries payable $              420 e. Accounts receivable $          1,750 Commission Revenue $          1,750