All right, if you took the first course, these transactions will look very familiar to you. If this is your first course, you will get to know these transactions very well in the next coming weeks. First transaction, on November 1st, cash of $25,000 is invested in Kiki Company by investors in exchange for common stock. All right, now we're going to enter that in the general journal. We'll first go ahead and put that date, November 1st. We will debit cash. Notice cash is all the way to that line, that first line in the account section. Then we will go straight across and put $25,000 in the debit column. We will drop down a row, indent, put common stock and credit common stock for 25,000. We will drop down another row, indent, and put the description sold stock to investors. Our second transaction, on November 5th, the company purchased office equipment for $17,000 in cash. We'll first put the date, then we will put the account that we're debiting, office equipment, all the way to the left. Put 17,000 in the Debit column, drop down, indent, put cash, the account we're crediting. Then put $17,000 in the Credit column on that same row. We'll drop down another row, indent, and put the description. Third transaction, on November 7th, the company purchased supplies for $7500 on credit. We'll first put the date. We'll put the account that we're debiting first all the way to the left, supplies. We will go all the way across, put $7500 in the Debit column. Drop down, indent, put the account that we're crediting, accounts payable. On that same line, go all the way over to the Credit column, put $7500. Drop down, indent, and we will put the description purchase supplies on account. Notice for each one of these transactions, your debits equal your credits. Our fourth transaction, on November 11th, the company paid $3,000 in cash to creditors. We'll put the date November 11th. We'll put the account that we're debuting first all the way to the left. Accounts payable, go all the way to the Debit column, put $3000, drop down, indent. Put our cash that we're crediting. Go over to the Credit column, put $3,000, drop down, indent, and put the description paid down amount owed to creditors. Our fifth transaction, on November 16th, the company performed services for $4700 in cash. We'll put the date in the Date column. We will debit cash for $4700, and we will drop down, indent, credit service revenue for $4700. And then we will put the description in the next row. Our sixth transaction, on November 21st, the company performed services for $3500 on account. We'll put that date. We will debit accounts receivable for $3500. Drop down, indent, credit service revenue for $3500, then put the description in the next row. Seventh transaction, on November 24th, the company paid $2100 for rent expense. Okay, so we'll put that date. We will debit rent expense. Put that $2100 in that same row in the Debit column. Drop down, indent, credit cash for $2100. Notice it's in the credit column. Drop down, indent, put the description. Let's take a look at that eighth transaction. I'm sure you could do this one on your own. On November 27th, the company received $1500 in cash from credit clients. We'll put the date. We'll debit cash, because they're getting cash from those credit clients. So again, we'll debit cash for $1500, and we will credit accounts receivable for $1500. And then we will put the description. Two more, stick with me. On November 29th, the company paid $2250 for salaries and wages. We'll put the date, November 29th. We will debit salaries and wages expense for 2,250, credit cash for 2,250, and put that description. Our tenth and final transaction, on November 30th, the company paid a $1,000 dividend to stockholders. We'll go ahead and put that date in the Date column. We will debit dividends. We will put that $1,000 in the Debit column. Drop down, indent, put cash, and then put $1,000 in the Credit column. And then finally, you will put that last description. Drop down, indent, paid cash dividend to shareholders. Now let's take a look at how that general journal entry looks with all ten transactions recorded. So notice we have the Kiki Company. We have the name of the company. We have general journal. We have the Date column. We have the Account column. We have a Posting Reference column, which you're going to learn about next week. Then we have our Debit column, our Credit column. So notice all of the ten transactions that we just went through. They're all listed in chronological order in the general journal. Now you're going to get to have an activity that mimics what you just saw in the video, so you can practice on your own. I look forward to seeing you next week when we're going to be talking about posting in the ledgers. Have a great week.
