Recording Transactions Journal Entry Grid
a List of Accounts for Harding

Recording transactions journal entry grid
A list of accounts for Harding Company is given below, followed by a series of transactions. Indicate the accounts that would be debited and credited in recording each transaction by placing the appropriate number (or numbers) in the space provided.
$$\begin{array} { | r | l | r | l | } \hline 1 & \text { Cash } & 5 & \text { Office Equipment } \\\hline 2 & \text { Accounts Receivable } & 6 & \text { Notes Payable } \\\hline 3 & \text { Land } & 7 & \text { Accounts Payable } \\\hline 4 & \text { Building } & 8 & \text { Capital Stock } \\\hline & & 9 & \text { Retained Earnings } \\\hline\end{array}$$ $$\begin{array} { | l | c | c | } \hline { \text { Transaction } } & \begin{array} { c } \text { Account(s) } \\\text { Debited }\end{array} & \begin{array} { c } \text { Account(s) } \\\text { Credited }\end{array} \\\hline \begin{array} { l } \text { Example: Purchased office equipment, paying part } \\\text { cash, with the balance due on account }\end{array} & 5 & 1,7 \\\hline \begin{array} { l } \text { A. Purchased land and a building paying part cash } \\\text { and issuing a note payable for the balance of the } \\\text { purchase price }\end{array} & & \\\hline \begin{array} { l } \text { B. Sold a piece of the company's office equipment at } \\\text { cost, received part of the proceeds in cash, with } \\\text { the balance due in } 30 \text { days }\end{array} & & \\\hline \text { C. Collected an account receivable } & & \\\hline \begin{array} { l } \text { D. Borrowed money from a bank and signed a note } \\\text { payable due in one year }\end{array} & & \\\hline \text { E. Paid an account payable } & & \\\hline \text { F. Issued capital stock in exchange for cash } & & \\\hline\end{array}$$