Preparing A Journal Entry. I need help telling whether it's accounts receivable, rent expense, etc. Also determining whether it's debit or credit. I understand everything else like the T-account and Trial Balance, just determining what they are is what I'm having trouble with.
Ashley Brown opened a law office on January 2 of the current year. During the first month of operations, the business completed the following transaction:
Jan 2: Ashley deposited $36,000 cash in the business bank account Ashley Brown, Attorney
Jan 3: Purchased supplies, $500 and furniture $2,600 on account
Jan 4: Performed legal service for a client and received cash, $1,500
Jan 7: Paid cash to acquire land for a future office site, $22,000
Jan 11: Prepared legal documents for a client on account, $900
Jan 15: Paid secretary’s salary, $570
Jan 16: Paid for the furniture purchased on Jan 3 on account
Jan 18: Received $1,800 cash for helping a client sell real estate
Jan 19: Defending a client in court and billed the client for $800
Jan 29: Received cash on account, $400
Jan 31: Paid secretary’s salary, $570
Jan 31: Paid rent expense, $700
Jan 31: Withdrew $2,200 for personal use
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