Accounting entries basic questions Seeking answers!

1. Purchase raw materials with bank deposits of $5000.

Borrow: raw materials 5000 yuan

Credit: bank deposits 5000

2. Use bank deposits 10000 yuan to pay a unit of goods.

Borrow: Accounts Receivable 10000

Credit: Bank Deposit 10000

3. Borrow 50000 yuan of long-term loans, which have been deposited in the bank.

Borrow: Bank Deposit 50000

Credit: Long-term Borrowing 50000

4. Receive the equipment invested by the owner, valued at 30000 yuan.

Borrow: Fixed Assets 30000

Credit: Paid-in Capital 30000

5. The owner of a business returns a bank loan on behalf of the business and converts it

into invested capital.

Debit :short-term borrowing

Credit: paid-in capital

6, to pay employee A travel expenses in cash 1000 yuan.

Borrow : Administrative expenses -- travel expenses 1000

Credit : Cash on hand 1000

7. Withdraw cash from the bank 2000 yuan.

Borrow: cash on hand - spare cash 2000

Credit: bank deposits 2000

8. Purchase an electronic computer with bank deposits,

valued at 20,000 yuan.

Borrow: Fixed Assets 20000

Credit: Bank Deposits 20000

9, to pay the labor insurance hospital medical fee of 5000 yuan in bank deposits.

Borrow: Employee Compensation Payable - Employee Benefits (Medical Insurance) 5000

Credit: Bank Deposit 5000

10, the recovery of 30000 yuan owed to the goods have been deposited in the bank.

Borrow: Bank Deposit 30000

Credit: Accounts Receivable 30000

11, the sale of goods 80000 yuan, the goods deposited in the bank.

Borrow: Bank Deposit 80000

Credit: Revenue from Main Business 80000

12, withdraw cash from the bank 20000 yuan, ready to pay employees

wages.

Borrow: cash on hand 20000

Credit: bank deposits 20000

13. 20000 yuan in cash to pay wages to employees.

Borrow: Employee Compensation Payable - (Wages) 20000

Credit: Bank Deposit 20000

14, purchased a batch of materials, valued at 11,700 yuan (including value-added tax

17%), the material acceptance into the warehouse, paid by bank deposits.

Borrow: raw materials 1989 yuan

Taxes payable - payable VAT (input tax) 9711 yuan

Credit: bank deposits 11700 yuan

15, the sale of goods 60000 yuan, the payment is not received.

Borrow: Revenue from main business 60000

Credit: Accounts receivable 60000

16. Pay rent of 3

000 yuan, utilities 1000 yuan, office supplies 2000 yuan with bank deposits.

Borrow: administrative expenses -- office supplies 2000

Utilities 1000

Rent 3000

Credit: bank deposits 6000

17, the purchase of goods 40000 yuan, the purchase price is not paid. (I do not know, what is this commodity, - if it is a computer, or equipment, and so on, recorded in fixed assets, not sure, it is recorded in raw materials)

Borrow: Raw Materials 4000 0

Credit: Bank Deposits 40,000

18, the workshop to the warehouse to receive 40000 yuan of materials, all put into the production

production.

Borrow: production costs 40000

Credit: raw materials 40000

19, received the purchase of goods owed by the unit of 4000 yuan, of which the check

3,600 yuan deposited in the bank, and the other 400 yuan in cash.

Borrow: bank deposits 3600

Cash on hand 400

Credits: accounts receivable 4000

20, return the loan of 50000 yuan with bank deposits.

Borrow: Accounts Payable 50000

Credit: Bank Deposit 50000