Analyzing transactions and recording them as journal entries is the second step of accounting process. The following table shows the journal entries for the above events.

Company A
Journal Entries
January 31, 2010

Date
Account
L.P.
Debit
Credit
Jan 1

Cash
Common Stock

100,000


100,000
Jan 2

Prepaid Rent
Cash

36,000


36,000
Jan 3


Equipment
Cash
Notes Payable

80,000



60,000
20,000
Jan 4

Office Supplies
Accounts Payable

17,600


17,600
Jan 13

Cash
Service Revenue

28,500


28,500
Jan 13

Accounts Payable
Cash

17,600


17,600
Jan 14

Wages Expense
Cash

19,100


19,100
Jan 18


Cash
Accounts Receivable
Service Revenue

32,900
21,200



54,100
Jan 23

Cash
Accounts Receivable

15,300


15,300
Jan 25

Cash
Unearned Revenue

4,000


4,000
Jan 26

Office Supplies
Accounts Payable

5,200


5,200
Jan 28

Wages Expense
Cash

19,100


19,100
Jan 31

Dividends
Cash

5,000


5,000
Jan 31

Electricity Expense
Utilities Payable

2,470


2,470
Jan 31

Telephone Expense
Utilities Payable

1,494


1,494
Jan 31

Miscellaneous Expense
Cash

3,470


3,470