2 Purchased office supplies on credit, $8008 Completed a legal work for a client and immediatelycollect $500 cash for the workDatePostDebitCreditAccount and explanationRef20098002Office SuppliesMay800Accounts PayablePurchased office supplies oncredit.8500Cash500Legal Fee EarnedRevenue earned and collected11
11 2 Purchased office supplies on credit, $800. 8 Completed a legal work for a client and immediately collect $500 cash for the work. Date Account and explanation Post Ref Debit Credit 2009 May 2 Office Supplies 800 Accounts Payable 800 Purchased office supplies on credit. 8 Cash 500 Legal Fee Earned 500 Revenue earned and collected
12 Paid for the office supplies on May 215 Completed legal work on credit $1,000DatePostDebitCreditAccount and explanationRef122009800Accounts PayableMayCash800Made payment of liability151,000AccountsReceivable1,000Legal FeeEarnedRevenueearned andtobereceived later12
12 12 Paid for the office supplies on May 2. 15 Completed legal work on credit $1,000. Date Account and explanation Post Ref Debit Credit 2009 May 12 Accounts Payable 800 Cash 800 Made payment of liability. 15 Accounts Receivable 1,000 Legal Fee Earned 1,000 Revenue earned and to be received later