ACC2000- Journal Entries

January Transactions: Amount
January 5 Natalie teaches a class and collects cash. $ 175
January 8 Natalie teaches a group of elementary school students how to make 250
cookies. At the end of the class, she leaves an invoice with the principal.
January 10 Receives cash in advance for cooking classes booked in February. 675
January 15 Paid cash to suppliers for amounts due. 600
January 28 Additional revenue earned during the month for cookie-making classes 3,000
amounts to $3,500; $3,000 received in cash and $500 still outstanding. 500
January 29 Purchased baking supplies with cash. 1,250
January 31 Paid assistant’s monthly salary. 800
January 31 Natalie withdrew cash. 500
January 31 Receives payment for the amount due from the school for the class 250
given January 8.
January 31 Pays cell phone bill for January service. Natalie uses the cell phone 50
exclusively for her business.

prepare the journal entries for the January transactions. Use the drop-down list to select accounts

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