General Journal Transactions INSTRUCTIONS:

On the forms you were provided, record the May transactions for TechVision Web Designs on page 125 of the general journal.

Chart of Accounts
101 Cash in Bank
110 Accounts Receivable, Andrews Hospital
125 Office Equipment
130 Office Furniture
135 Computer Equipment
201 Accounts Payable, Office Systems
205 Accounts Payable, Sunshine Products
301 Jack Hines, Capital
305 Jack Hines, Withdrawals
400 Web Services Revenue
500 Rent Expense

Transactions

May 1 Jack Hines invested $50,000 cash, a desktop computer and printer worth $3,500 into his business, TechVision web Designs. Memorandum 1

May 2 Purchased Office Supplies for $125.00 Check 101

May 3 Purchased a table and chairs on account from Office Systems,$2,700. Invoice 457

May 9 Performed and received payment for website services valued at $1,000. Check 293

May 11 Wrote check Merk Property Management for the monthly rent, $750. Check 102

May 18 Performed website services on account for Andrews Hospital valued at $5,000. Invoice 100

May 23 Jack Hines took $2,500 from the business for his personal use. Check 103

May 23 Purchased a $3,000 computer system from Sunshine Products. Made a down payment for
$1,500 and agreed to pay the balance within 30 days, Check 104 and Invoice 749.

May 29 Andrews Hospital paid the balance due on their account (see May 18th). Check 1290