Question

1. Journalists the transactions for the month of December. Use the periodic method.

2. Record to subsidiary ledger and post to the general ledger as appropriate.

3. Prepare a schedule of accounts receivable and a schedule of accounts payable.

10A-4. Abby Gray opened Abby's Toy House. As her newly hired accoun tasks are to do the following 1. Journalize the transactions for the month of December. Use th 2. Record to subsidiary ledgers and post to the general ledger as 3. Prepare a schedule of accounts receivable and a schedule of accounts The following is the partial chart of accounts for Abby's Toy House method appropriate. payable. Abby's Toy House Chart of Accounts Assets 110 Cash 112 Accounts Receivable 114 Prepaid Rent 121 Delivery Truck Liabilities 210 Accounts Payable Owner's Equity 310 A. Gray, Capital Revenue 410 Toy Sales 412 Sales Returns and Allowances 414 Sales Discounts Cost of Goods 510 Toy Purchases 512 Purchases Returns and Allowances 514 Purchases Discount Expenses 610 Salaries Expense 612 Cleaning Expense

Answer 1

Cash Debit Credit Dec$ 7,000 Dec 1$ 3,100 Dec 13$ 1,800 Dec 9$ 275 Dec 15$3,900 Dec 12 $ 4,180 Dec 16$785 Dec 13 $ 1,100 Dec 28$ 5,710 Dec 23 $ 3,564 Dec 25$ 1,100 Dec 30$1,710 Ending4,166 Accounts Receivable Debit Credit $500 Dec 10 $100 Dec 3 Dec 6 $ 400 Dec16$ 800 Dec 9$1,100 Dec 28$ 1,800 Dec 16$ 4,700 Dec 22$ 1,200 Dec 24600 Dec 303,600 Ending$9,400 Prepaid Rent Debit Dec 1$ 3,100 Credit Ending3,100 Delivery Truck Debit Dec 202,500 Credit Ending$ 2,500