Basic Accounting Journal Entries Examples

On April 1st Rose deposited $3,000 of her personal funds into the business bank account to help get the business up and running.
On April 23 Rose took $150.00 to buy groceries for home.
On April 27 Rose took $90.00 to pay the vet for her cat’s vaccination.

On April 15 Rose secured a business loan from her bank for the business for $7,000.
On April 21 Rose had to purchase more vases from Vase Co. and these were bought on credit to the value of $250.00.
Also on 30 April, the bank took their first loan repayment of $325.

On April 4 $1,500 was paid to Flowers Wholesale for the initial stock of various flowers and vases.
On April 5 a desk was brought from Office Supplies Inc. for $800.00.
IT Experts was paid $845.00 for setup of new computer and retail sales software of $350 on April 14. (The asset here is the computer, not the software).

$850 of cash and cheques was deposited into the bank.
More sales on April 22 for $980.00 and on April 26 more sales/income paid into the bank for $325.00.

The City Express was paid for an advert placed in their paper on April 1 for a shop assistant. 
On April 2 a rent deposit was paid to the landlord for $1,000.00.
On April 3 $110 was paid to the power supply company for power connection.

On April 8 Rose got $100 from the bank for the petty cash float.
On April 21 was shop opening day. Great Glass Cleaners were paid $90 for sprucing up the windows the day before (20 April).
$50 of sales was placed into Petty Cash.