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create general journal and ledger
Practice Set: Gloria Spencer owns a company called Gloria's Cleaning Service, which specializes in cleaning homes. You have been hired by Gloria as her bookkeeper. After talking to Gloria, you prepare her chart of accounts: Gloria's Cleaning Service Chart of Accounts Account # Account Name 101 Cash 102 Accounts Receivable 103 Supplies 201 Accounts Payable 202 Wages Payable 301 G. Spencer, Capital 302 G. Spencer, Drawing 401 Service Revenue 501 Rent Expense 502 Wages Expense...
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for Set B, make a journal entry and fill put the ledger.
Practice Set Part A: 1. Using the chart of accounts, open the accounts in the general ledger. In addition to the accounts in the chart of accounts, make sure that you open the income summary account as the last account, number 600. 2. Record the journal entries for the August transactions using General Journal Page 1. Make sure that you include explanations. 3. Post the entries to the...
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Please post your journal entries to the General Ledger
and prepare a trial balance
On January 1, 2019 Maria Adams established Custom Realty. Maria completed the following transactions during the month of January: Prepare Journal Entries for all transactions, Post to General Ledger and Prepare Trial Balance 1/1 Opened a business bank account with cash of $24,000 from her personal fund 1/2 Paid rent on office for the month $3,600 1/3 Paid automobile expenses for the month $1,350 and miscellaneous...
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Direction: Journalize and post to the Ledger using the T-Account the following transactions: On May 1 Esterlina Gevera is a social entrepreneur. She is into a lot of interesting causes. Upon the advice of her colleague,Glory Detoya, Gevera decided to organized her wedding consultancy. She invested P250,000 into this entity. May 1 Rented office space and paid two months’ rent in advance, P8, 000. May 2 Esterlina Gevera issued a promissory note for a P210, 000 loan from Metrobank. This availment will be used for the acquisition of a service vehicle. May 4 Acquired service vehicle for P420, 000. May...
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may
someone help me with this proplem please!!
general journal entries and posting to general ledger
i will give a thumb up. thank you so much
Following is the November 30, 2020, unadjusted trial balance of Paramount Moving and Storage, which is owned by George Sanders. The temporary (Income Statement) account balances represent the results of entries recorded during the first 11 months of 2020; the balance in Retained Earnings account has not changed since December 31, 2019. PARAMOUNT MOVING...
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What is the general ledger
?
GENERAL LEDGER Cash Balance Item Refle Dr. Cr. Dr. Cr. Date 2019 June Enter as a formula calling on amounts in the trial balance. Required: 1. Journalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2.) Post (in...
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CHART OF ACCOUNTS
Tri-City Realty
General Ledger
ASSETS
11
Cash
12
Supplies
LIABILITIES
21
Accounts Payable
EQUITY
31
Sharon Matthews, Capital
32
Sharon Matthews, Drawing
REVENUE
41
Fees Earned
EXPENSES
51
Rent Expense
52
Office Salaries Expense
53
Automobile Expense
54
Supplies Expense
55
Miscellaneous Expense
On January 1, 2019, Sharon Matthews established Tri-City Realty,
which completed the following transactions during the month:
Jan.
1
Sharon Matthews transferred cash from a personal bank account
to an account to be used...
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What is the drawing,
fees earned, wages expense, rent expense, & utilities
expense?
32 | Balance Kris Storey, Drawing Date Item 2019 June Post Ref. Dr. Cr. Dr. Cr. Fees Earned 41 Post _ Dr. Balance 4 Cr. Item Ref. Cr. Dr. Date 2019 June Wages Expense Enter as a formula calling on amounts in the trial balance. Dr. 51 Balance Dr. Cr. Item cr. Date 2019 June Rent Expense 53 Post Balance Item Ref. Dr. Cr. Dr. Balance Cr....
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On November 1, 2019, Debbie Debit established an interior
decorating business, Debit Designs. During the month, Debit
completed the following transactions related to the business:
November 1: Debit transferred cash from a personal bank account to
a business account $27,750 1: Paid rent for the month $4,000 6:
Purchased office equipment on account, $12,880 8: Purchased a truck
for $32,500, paying $6.500 cash and giving a note payable for the
remainder 10: Purchased supplies for cash $1,860 12: Received cash...
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adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
create general journal and ledger
Practice Set: Gloria Spencer owns a company called Gloria's Cleaning Service, which specializes in cleaning homes. You have been hired by Gloria as her bookkeeper. After talking to Gloria, you prepare her chart of accounts: Gloria's Cleaning Service Chart of Accounts Account # Account Name 101 Cash 102 Accounts Receivable 103 Supplies 201 Accounts Payable 202 Wages Payable 301 G. Spencer, Capital 302 G. Spencer, Drawing 401 Service Revenue 501 Rent Expense 502 Wages Expense...
for Set B, make a journal entry and fill put the ledger.
Practice Set Part A: 1. Using the chart of accounts, open the accounts in the general ledger. In addition to the accounts in the chart of accounts, make sure that you open the income summary account as the last account, number 600. 2. Record the journal entries for the August transactions using General Journal Page 1. Make sure that you include explanations. 3. Post the entries to the...
Please post your journal entries to the General Ledger
and prepare a trial balance
On January 1, 2019 Maria Adams established Custom Realty. Maria completed the following transactions during the month of January: Prepare Journal Entries for all transactions, Post to General Ledger and Prepare Trial Balance 1/1 Opened a business bank account with cash of $24,000 from her personal fund 1/2 Paid rent on office for the month $3,600 1/3 Paid automobile expenses for the month $1,350 and miscellaneous...
may
someone help me with this proplem please!!
general journal entries and posting to general ledger
i will give a thumb up. thank you so much
Following is the November 30, 2020, unadjusted trial balance of Paramount Moving and Storage, which is owned by George Sanders. The temporary (Income Statement) account balances represent the results of entries recorded during the first 11 months of 2020; the balance in Retained Earnings account has not changed since December 31, 2019. PARAMOUNT MOVING...
What is the general ledger
?
GENERAL LEDGER Cash Balance Item Refle Dr. Cr. Dr. Cr. Date 2019 June Enter as a formula calling on amounts in the trial balance. Required: 1. Journalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2.) Post (in...
What is the drawing,
fees earned, wages expense, rent expense, & utilities
expense?
32 | Balance Kris Storey, Drawing Date Item 2019 June Post Ref. Dr. Cr. Dr. Cr. Fees Earned 41 Post _ Dr. Balance 4 Cr. Item Ref. Cr. Dr. Date 2019 June Wages Expense Enter as a formula calling on amounts in the trial balance. Dr. 51 Balance Dr. Cr. Item cr. Date 2019 June Rent Expense 53 Post Balance Item Ref. Dr. Cr. Dr. Balance Cr....
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...