Recorded cash and credit card sales plus sales tax.

1. Debit Cash Credit Sales, Sales tax payable Recorded cash and credit card sales plus sales tax.

2. Debit Acct. Rec. & Ann Adams Credit Sales Sales Tax Payable Sold merchandise on account to Ann Adams plus tax

3. Debit Purchases Credit Acct. Pay. & Bob Bennet Purchased merchandise from Accounts Payable-Bob Bennet

4. Debit Supplies Credit Acct. Pay. & Connie Conley Bought supplies on account from Connie Conley

5. Debit Rent Expense Credit Cash Paid cash for rent.

6. Debit Acct. Pay. & Bob Bennett Credit Cash Paid cash on account to Accounts Payable-Bob Bennett

7. Debit Sam Smith, Drawing Credit Cash Sam Smith withdrew cash for personal use.

8. Debit Purchases Credit Cash Purchased merchandise for cash.

9. Debit Supplies Credit Purchases Discovered supplies bought earlier had been posted in error as a debit to Purchases

10. Debit Sam Smith, Drawing Credit Purchases Sam Smith withdrew merchandise for personal use.

11. Debit Cash Credit Acct. Rec. & Gina Gates Received cash on account from Accounts Receivable-Gina Gates

12. Debit Petty Cash Credit Cash Paid cash to establish a petty cash fund

13. Debit Supplies Advertising Exp. Credit Cash Paid cash to replenish petty cash: supplies, advertising expense.

14. Debit Supplies Credit Cash Bought Supplies for cash

15. Debit Sales Tax Payable Credit Cash Paid cash for sales tax owed.

16. Debit Cash Credit Sam Smith, Capital Received cash from Sam Smith as an investment

17. Debit Prepaid Insurance Credit Cash Paid cash for the insurance premium

18. Debit Supplies Expense Credit Supplies Record the adjusting entry for Supplies

19. Debit Insurance Exp. Credit Prepaid Insurance Recorded adjusting entry for Prepaid Insurance

20. Debit Sales Credit Income Summary Close the sales account.

21. Debit Income Summary Credit Rent Expense Close the rent expense account.

22. Debit Income Summary Credit Owner, Capital Close income summary (net income balance).

23. Debit Owner, Capital Credit Income Summary Close income summary (net loss balance).

24. Debit Owner, Capital Credit Owner, Drawing Close the drawing account.