Question

DATE TRANSACTIONS 2016 Sept. 1 Jewell Tucker invested $56,000 in cash to start the firm. 4 Purchased office equipment for $6,100 on credit from Den, Inc., received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients, issued Check 1001 for $14,100 in full payment 20 Purchased supplies for $480; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $150. 30 Issued Check 1003 for $3,500 to Den, Inc., as payment on account for Invoice 9823 30 Withdrew $2,600 in cash for personal expenses. 30 Issued Check 1004 for $1,500 to pay the rent for October 30 Performed services for $2,550 in cash. 30 Paid $415 for monthly telephone bill, Check 1005. Post the above transactions into the appropriate Ledger accounts,

Answer 1

cash a/c	account no:101		account receivable	account no:111
date	debit	credit	balance		date	debit	credit	balance
Sep-01	56000		56000
23-Sep	150		56150
30-Sep		2600	53550
30-Sep	2550		56100
supplies	account no:121		equipment	account no:131
date	debit	credit	balance		date	debit	credit	balance
20-Sep	480		480		04-Sep	6100		6100
23-Sep		150	330
automobile	account no:141		accounts payable	account no:202
date	debit	credit	balance		date	debit	credit	balance
Sep-16	14100		14100
jewel tucker capital	account no:301		jewel tucker drawing	account no:302
date	debit	credit	balance		date	debit	credit	balance
Sep-01		56000	56000		30-Sep	2600		2600
fees income	account no:401		rent expense	account no:511
date	debit	credit	balance		date	debit	credit	balance
sep		2550	2550		30-Sep	1500		1500
salaries expense	account no:514		telephone expense	account no:517
date	debit	credit	balance		date	debit	credit	balance
					30-Sep	415		415
den inc.			bank a/c
date	debit	credit	balance		date	debit	credit	balance
Sep-04		6100	6100		Sep-16		14100	14100
30-Sep	6100		0		20-Sep		480	14580
					Sep-30		6100	20680
					Sep-30		1500	22180
					30-Sep		415	22595

Note: There is no transaction given about cash deposit to bank,hence it is assumed that enough money is deposited to bank or the bank account is with overdraft facility to do the above transactions.