Thread: plz check/ correct my accounting journal entry

May – general journal
1 Invested $18000 cash and office equipment worth $8500 in the business
1 Paid office rent of $950 cash for the month
2 Hired a secretary receptionist at a salary of 2400 per month
3 Purchased $1450 of supplies on account from read supply company
11 Completed a tax assignment for j. lau and billed him $1750 for services rendered
12 Received a $3500 advance on a management consulting engagement with arch co.
17 Completed accounting services and collected $1350 cash from the client
21 J lau paid $ 900 for work completed on may 11
23 Paid 60% of the balance due to read supply company
31 Received a $ 215 telephone bill for May, to be paid next month
31 Paid the secretary receptionist $ 2400 salary for the month
31 Withdrew $925 cash for her personal use

Debit/credit
May1 cash – capital – invested cash in business =18000/18000

may1 office equipment - cash - purchased equipment for cash = 8500/ 8500

may1 rent expenses - cash - invested in office business = 950/ 950

may2 salary note payable = 2400/ 2400

may3 cash - account payable - received from read supplies company= 1450/ 1450
may11 account receivable - fees earned - performed service for j lau
=1725/1725

may12 cash - account receivable - received on consultation =3500/ 3500

may17 cash - account receivable - collected from client =1350/ 1350

may21 cash - fees earned - performed services on account for j lau earning= 900/ 900

may23

may31 account payable - note payable - telephone expense=215/ 215

may31 salary expense - cash - receptionist salary=2400/ 2400

May31 drawing - cash - withdrew for personal use= 925/ 925

You are on the right track but might describe the numbers simply as (+) or (-).
exa:
+18000
+8500
-950
-2400