Question

I got stuck on these two steps, can someone help me ?

ACCOUNTING CYCLE STEP 3: Post each trans me general ledger working papers provideo teach transaction in the general journal to the general ledger. Use s provided in your packet. Posting is the process of transferring general journal entry information to the seneral ledger. Fach number you post should be properly Cross-referenced Helpful Hints by: recording the general journal page number (ex. G1, G2, etc.) in the Posting Reference (Post. Ref.) column of the general ledger (transaction descriptions in the "item column may be eliminated". AND recording the general ledger account number in the Post. Ref. column of the general journal * ACCOUNTING CYCLE STEP 4: Calculate the ending balance in each general ledger account if you haven't already done so, and prepare an unadjusted trial balance. No working papers have been provided for this step, so you may either handwrite your solution or prepare it electronically. If you prepare your solution electronically, be sure to bring a hardcopy to class. Helpful Hints Determine the balance in each account by subtracting the sum of the debits from the sum of the credits. The resulting difference (the updated account balance) is a debit if the sum of the debits is greater than the sum of the credits. Alternatively, the resulting difference (the updated account balance) is a credit if the sum of the credits is greater than the sum of the debits. Prepare an unadjusted trial balance by listing each general ledger account title with its balance in the order that it appears in the general ledger) according to the format presented in Exhibit 2.14 in your textbook. Note that the debit and credit columns must each be summed, and the sums must be equal. If debits do not equal credits, refer to the "Searching for and Correcting Errors' section in Chapter 2 of your textbook for additional assistance. Check Figure: Debits and credits must each equal $20,345.

Answer 1

		$	$
cash	Dr	7000
M lapinski capital	Cr		7000
cash	Dr	10000
Loan @6% account	Cr		10000
Equipment	Dr	2100
cash	Cr		2100
sign	Dr	650
accounts payable	Cr		650
Activity courses	Dr	5650
cash	Cr		5650
Insurance expense	Dr	660
cash	Cr		660
supplies	Dr	420
accounts payable	Cr		420
cash	Dr	900
Ticket revenue	Cr		900
accounts payable	Dr	650
cash	Cr		650
accounts receivable	Dr	990
Ticket revenue	Cr		990
expenses	Dr	60
cash	Cr		60
cash	Dr	675
Ticket revenue	Cr		675
cash	Dr	325
accounts receivable	Cr		325
wages	Dr	380
cash	Cr		380
M lapinski drawings	Dr	700
cash	Cr		700
cash	Dr	360
Ticket revenue	Cr		360

	debits	credits
cash	9060
M lapinski capital		7000
Loan @6% account		10000
Equipment	2100
sign	650
accounts payable		420
Activity courses	5650
Insurance expense	660
supplies	420
Ticket revenue		2925
accounts receivable	665
expenses	60
wages	380
M lapinski drawings	700
Total	20345	20345

cash
	debit	credit	balance debit	balance credit
M lapinski capital	7000
Loan @6% account	10000
Equipment		2100
Activity courses		5650
Insurance expense		660
Ticket revenue	900	.
accounts payable		650
expenses		60
Ticket revenue	675
accounts receivable	325
wages		380
M lapinski drawings		700
Ticket revenue	360
	19260	10200	9060
M lapinski capital
	debit	credit	balance debit	balance credit
cash		7000		7000
Loan @6% account
	debit	credit	balance debit	balance credit
cash		10000		10000
Equipment
	debit	credit	balance debit	balance credit
cash	2100		2100
sign
	debit	credit	balance debit	balance credit
cash	650		650
Activity courses
	debit	credit	balance debit	balance credit
cash	5650		5650
Insurance expense
	debit	credit	balance debit	balance credit
cash	660		660

supplies
	debit	credit	balance debit	balance credit
accounts payable	420		420
expenses
	debit	credit	balance debit	balance credit
cash	60		60
wages
	debit	credit	balance debit	balance credit
cash	380		380
M lapinski drawings
	debit	credit	balance debit	balance credit
cash	700		700

Ticket revenue
	debit	credit	balance debit	balance credit
cash		900
accounts receivable		990
cash		675
cash		360
	0	2925		2925

accounts payable
	debit	credit	balance debit	balance credit
sign		650
Supplies		420
cash	650	650
	650	1070		420

accounts receivable
	debit	credit	balance debit	balance credit
Ticket revenue	990
cash		325
	990	325		665