What are 10 examples of journal entries?

Here are 10 examples of accounting entries:

• A company purchases $500 worth of office supplies on credit from a supplier.
  • Office supplies expense account would be debited
  • Accounts payable would be credited

• A firm receives $1,000 in cash from a customer for services rendered. In this case,
  • Cash account would be debited
  • Service revenue account would be credited

• A business pays $250 in salaries to its employees.
  • A debit would be made to the salaries expense account
  • A credit would be made to the cash account

• A business borrows $5,000 from a bank and receives the funds as a loan. The entry would be,
  • A debit to the bank account
  • A credit to the loan payable account

• A company sells $800 worth of inventory to a customer for cash.
  • The entry would be a debit to the cash account
  • A credit to the sales revenue account

• A firm purchases $3,000 worth of equipment on credit from a supplier.
  • The entry would be a debit to the equipment account
  • A credit to the supplier’s account

• A company incurs $500 in advertising expenses for a new marketing campaign (cash).
  • The entry would be a debit to the advertising expense account
  • A credit to the cash account

• A firm collects $1,200 from a customer. The entry would be,
  • A debit to the cash account
  • A credit to the customer’s account

• A business pays $700 in rent for its office space. The entry would be,
  • A debit to the rent expense account
  • A credit to the cash account

• An organization pays off a $2,000 loan to the bank. The entry would be,
  • A debit to the loan payable account
  • A credit the cash account

I also found a long list of example journal entries and a free PDF to download here.