Latest Lists

Accounting - Creating general journal entries?

I am trying to place the following entries into a general journal but I am unsure what to list as a debit and a credit and to what account. Sept. 1 Signed up for home inspection course at local community college. Cost is $1,000. Put this on the business credit card. Sept. 20 Transferred $2,500 from personal savings account to business checking account. Sept. 25 Purchased reference materials from local book store. Paid $250 cash. Sept. 25 Signed up for home inspection licensing exam. Placed the $400 fee on the business credit card. Oct. 15 Purchased a 1 year insurance policy for the business by putting the $2,400 premium on the business credit card. Oct. 20 Paid $250 on the business credit card. Oct. 25 Purchased tools for the business by paying $500 cash. Oct. 30 Paid $200 to get business cards printed. (Note: this an advertising expense) Nov. 1 Purchased candy baskets to leave at local realtors' offices to advertise business. Paid $100 cash. Nov. 10 Purchased office supplies needed to prepare inspection reports. Paid $60 cash. Nov 20 Purchased truck costing $10,000 to use for business. Took out auto loan from local bank.

Public Comments

1. 1) school expense, debit 1000 credit card payable, credit 1000 20) cash, debit 2500 owners equity, credit 2500 25) supplies, debit 250 cash, credit 250 25) school/exam expense, debit 400 credit card payable, credit 400 15) prepaid insurance, debit 2400 credit card payable, credit 2400 20) credit card payable, debit 250 cash, credit 250 25) supplies, debit 500 cash, credit 500 30) advertise expense, debit 200 cash, credit 200 1) advertise expense, debit 100 cash, credit 100 10) supplies, debit 60 cash, credit 60 20) equipment, debit 10000 auto payable, credit 10000 some of the accounts are not set in stone like i have listed, such as the credit card payable could be accounts payable or something that is similar