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Jounal Entries?

I'm sencond guessing myself on some of these. I have them done but would appreciate a second opinion. The transactions are as follows: The transactions completed by Music Inc. a music rental business, during March of 2007 are shown below. 3/1 Paid rent on the studio, $800.00 3/1 Paid $1,600 for a 2 iyear insurance policy. (liability, theft, and fire) 3/2 Purchased supplies on account, $300 3/3/ Paid $500 for advertising on the local radio station. 3/6 Paid $100 on the supplies puchased on March 2 3/7 Received $650 for rental of CD's from the local radio station. 3/10 D J'd a local wedding or $500, to be paid at a later date. 3/15 Received $600 for erving as a disk jockey at the local Elk's club. 3/15 Paid part time secretary's salary, $400 3/17 Paid miscellaneous expenses, $75 3/20 Withdrew $100 for personal use. 3/22 Received $600 for serving as a disk jockey at a charity ball. 3/31 Received %500 from the wedding perfomed on March 10.

Public Comments

  1. I need to know if you're doing cash basis or accrual basis. They're very different. Just past these in an e-mail and send them to me. You really should practice at these yourself. I dont' mind helping you out, but it's the sweat work that makes you good at this. Don't worry about it being strange or difficult. Only normal people think that. It's the real weirdos who get this stuff right away!
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