Question Number one is done as an example of how to do it... I think it's easy just now for me.

Question

Kiran · Accepted Answer

Sheet1
	Type Your Name Here
	List of Accounts 
	Cash		Sales
	Accounts Receivable		Cost of Goods Sold
	Prepaid Insurance		Rent Expense
	Inventory 		Wages Expense
	PP&E		Interest Expense
	Accumulated Depreciation		Depreciation Expense
	Supplies		Supplies Expense
	Accounts Payable		Tax Expense
	Taxes Payable
	Prepaid Rent
	Notes Payable
	Interest Payable
	Retained Earnings
	Equity Capital
	All transactions are independent of one another
	Number 	Description		Account Name				Dollar Amount
				Debit		Credit		Debit	Credit
	1	Record depreciation expense of $15,000		Depr. Expense		Accumulated Depreciation		$   15,000.00	$   15,000.00	1
	2	Record a purchase of equipment for $280,000 cash		PP&E		Cash		$   280,000.00	$   280,000.00	2
	3	Record the payment of monthly rent expense of $25,000		Rent Expense		Cash		$   25,000.00	$   25,000.00	3
	4	Record the use of supplies during the period of $14,850		Supplies Expense		Supplies		$   14,850.00	$   14,850.00	4
	5	Record the accrual of interest expense for $1,

Question Number one is done as an example of how to do it... I think it's easy just now for me.

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