Question

the ledger will and post the appropriate totals to the gener include transactions related to cash receipts, the cash account in the lade a credit balance.) . Prepare a schedule of the accounts payable creditor balances. 5. Why might AquaFresh consider using a subsidiary ledger for the field equin de equipment OBI. 2016, the ash 7.430 PR 5-5A All journals and general ledger; trial balance The transactions completed by Revere Courier Company during Decembe 2016 month of the fiscal year, were as follows: Dec. 1. Issued Check No. 610 for December rent, $4,500. 2. Issued Invoice No. 940 to Capps Co., $1,980. 3. Received check for $5,100 from Trimble Co. in payment of accou 5. Purchased a vehicle on account from Boston Transportation, $39.500 6. Purchased office equipment on account from Austin Computer Co., $4.800 6. Issued Invoice No. 941 to Dawar Co., 85,680. 9. Issued Check No. 611 for fuel expense, $800. 10. Received check from Sing Co. in payment of $4,850 invoice. 10. Issued Check No. 612 for $360 to Office To Go Inc. in payment of invoice 10. Issued Invoice No. 942 to Joy Co., $2,140. 11. Issued Check No. 613 for $3,240 to Essential Supply Co. in payment of account. 11. Issued Check No. 614 for $650 to Porter Co. in payment of account. 12. Received check from Capps Co. in payment of $1,980 invoice of December 2. 13. Issued Check No. 615 to Boston Transportation in payment of $39.500 balance of December 5. 16. Issued Check No. 616 for $40,900 for cash purchase of a vehicle. 16. Cash fees earned for December 1-16, $21,700. 17. Issued Check No. 617 for miscellaneous administrative expense, $600. 18. Purchased maintenance supplies on account from Essential Supply Co., $1,750. 19. Purchased the following on account from McClain Co.: maintenance supplies, $1,500; office supplies, $325. 20. Issued Check No. 618 in payment of advertising expense, $1.990. 20. Used $3,600 maintenance supplies to repair delivery vehicles. 23. Purchased office supplies on account from Office To Go Inc., $440. 24. Issued Invoice No. 943 to Sing Co., $6,400. 24. Issued Check No. 619 to S. Holmes as a personal withdrawal, $3,200. 25. Issued Invoice No. 944 to Dawar Co., $5,720. 25. Received check for $4,100 from Trimble Co. in payment of balance. 26. Issued Check No. 620 to Austin Computer Co. in payment of $4,800 invoice o December 6. 10. Issued Check No. 621 for monthly salaries as follows: driver salaries, $10.7 office salaries, $7,600. 31. Cash fees earned for December 17-31, $19.700. 31. Issued Check No. 622 in payment for office supplies, $310.

Answer 1

PR5-5A

Date	Account title	Debit	credit
Dec
1	Rent expense	4500
	cash		4500
2	Accounts receivable	1980
	Fees earned		1980
3	cash	5100
	Accounts receivable		5100
5	Vehicle	39500
	Accounts payable		39500
6	Office equipment	4800
	Accounts payable		4800
6	Accounts receivable	5680
	fees earned		5680
9	Transportation expense	800
	cash		800
10	cash	4850
	Accounts receivable		4850
10	Accounts payable	360
	cash		360
10	Accounts receivable	2140
	Fees earned		2140
11	Accounts payable	3240
	cash		3240
11	Accounts payable	650
	cash		650
12	cash	1980
	Accounts receivable		1980
13	Accounts payable	39500
	cash		39500
16	Vehicle	40900
	cash		40900
16	cash	21700
	Fees earned		21700
17	Miscellaneous administrative expense	600
	cash		600
18	Maintenance supplies	1750
	Accounts payable		1750
19	Maintenance supplies	1500
	Office supplies	325
	Accounts payable		1825
20	Advertising expense	1990
	cash		1990
			20
20	Repair expense	3600
	Maintenance supplies		3600
23	Office supplies	440
	Accounts payable		440
24	Accounts receivable	6400
	Fees earned		6400
24	S.Holmes withdrawals	3200
	cash		3200
25	Accounts receivable	5720
	Fees earned		5720
25	cash	4100
	Accounts receivable		4100
26	Accounts payable	4800
	cash		4800
30	salaries expense (16900+7600)	24500
	cash		24500
31	cash	19700
	fees earned		19700
31	Office supplies	310
	cash		310