## Answers

Journal entry

Date | account and explanation | Debit | Credit |

Apr 2 | Cash | 34620 | |

Equipment | 15500 | ||

Owner's equity | 50120 | ||

Apr 2 | No entry | ||

Apr 3 | Supplies | 771 | |

Account payable | 771 | ||

Apr 7 | Rent expense | 663 | |

Cash | 663 | ||

Apr 11 | Account receivable | 1202 | |

Service revenue | 1202 | ||

Apr 12 | Cash | 2679 | |

Deferred service revenue | 2679 | ||

Apr 17 | Cash | 2580 | |

Service revenue | 2580 | ||

Apr 21 | Insurance expense | 118 | |

Cash | 118 | ||

Apr 30 | Salaries expense | 1196 | |

Cash | 1196 | ||

Apr 30 | Supplies expense | 131 | |

Supplies | 131 | ||

Apr 30 | Computer | 6293 | |

Owner's equity | 6293 |

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