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.
$\begin{array}{|l|l|l|l|}\hline 1 & \text { Cash } & 5 & \text { Delivery Equipment } \\\hline 2 & \text { Accounts Receivable } & 6 & \text { Notes Payable } \\\hline 3 & \text { Land } & 7 & \text { Accounts Payable } \\\hline 4 & \text { Building } & 8 & \text { Share Capital } \\\hline & & 9 & \text { Retained Earnings } \\\hline\end{array}$ $$\begin{array} { | l | c | c | } \hline{ \text { Transaction } } & \begin{array} { c } \text { Accounts(s) } \\\text { Debited }\end{array} & \begin{array} { c } \text { Account(s) } \\\text { Credited }\end{array} \\\hline \begin{array} { l } \text { Example: Purchased office equipment, paying } \\\text { part cash, with the balance due on account }\end{array} & 5 & 1,7 \\\hline \begin{array} { l } \text { G. Purchased land and a building, paying part } \\\text { cash and issuing a note payable for the } \\\text { balance of the purchase price }\end{array} & & \\\hline \begin{array} { l } \text { H. Sold a piece of the company's office } \\\text { equipment at cost; received part of the } \\\text { proceeds in cash, with the balance due in } 30 \\\text { days }\end{array} & & \\\hline \text { I. Collected arn account receivable } & & \\\hline \text { J. Borrowed money from a bank and signed a } & & \\\hline \text { note payable due in one year } & & \\\hline \text { K. Paid an account payable } & & \\\hline \text { L. Issued share capital in exchange for cash } & & \\\hline\end{array}$$