ZuoTi.Pro
Question

The transactions completed by Revere Courier Company during December 2016, the first month of the fiscal...

The transactions completed by Revere Courier Company during December 2016, the first month of the fiscal year, were as follows:
|Dec.
|1. |Issued Check No. 210 for December rent, $4,500.
|2. |Issued Invoice No. 940 to Carter Co., $1,980.
|3. |Received check for $5,100 from Taylor Co. in payment of account.
|5. |Purchased a vehicle on account from Baltimore Transportation, $39,500.
|6. |Purchased office equipment on account from Ashley Computer Co., $4,800.
|6. |Issued Invoice No. 301 to Downing Co., $5,680.
|9. |Issued Check No. 211 for fuel expense, $800.
|10. |Received cash from Sawyer Co. in payment of $4,850 invoice.
|10. |Issued Check No. 212 for $360 to Complete Office Inc. in payment of invoice.
|10. |Issued Invoice No. 302 to Jones Co., $2,140.
|11. |Issued Check No. 213 for $3,240 to Economy Supply Co. in payment of account.
|11. |Issued Check No. 214 for $650 to Paley Co. in payment of account.
|12. |Received check from Carter Co. in payment of $1,980 invoice of December 2.
|13. |Issued Check No. 215 to Baltimore Transportation in payment of $39,500 balance of December 5.
|16. |Issued Check No. 216 for $40,900 for cash purchase of a vehicle.
|16. |Cash fees earned for December 1-16, $21,700.
|17. |Issued Check No. 217 in payment for miscellaneous administrative expense, $600.
|18. |Purchased maintenance supplies on account from Economy Supply co., $1,750.
|19. |Purchased the following on account from Marshall Co.: maintenance supplies, $1,500; office supplies, $325.
|20. |Issued Check No. 218 in payment of advertising expense, $1,990.
|20. |Used $3,600 maintenance supplies to repair delivery vehicles.
|23. |Purchased office supplies on account from Complete Office Inc., $440.
|24. |Issued Invoice No. 303 to Sawyer Co., $6,400.
|24. |Issued Check No. 219 to Heyward as a personal withdrawal, $3,200.
|25. |Issued Invoice No. 304 to Downing Co., $5,720.
|25. |Received check for $4,100 from Taylor Co. in payment of balance.
|26. |Issued check No. 620 to Austin Computer Co. in payment of $4800 invoice of Dec 6.
|30. |Issued check No 621 for monthly salaries as follows, $16,900; office salaries, $7600.
|31. |Cash Fees earned for December 17-31, $19,700.
|31. |Issued check No. 622 in payment of office supplies, $310
Required:
Prepare the Trial Balance at December 31, 2016.

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Revere Courier Company Trial Balance December 31, 2016 Debit Account Title Cash Accounts Receivable Office Maintenance Supplies Office Supplies Vehicle Office Equipment Accounts Payable Heyward, Drawings Fees Revenue Maintanance Supplies Expense Rent Expense Fuel Expense Other Office Expense Misc. Admin. Expense Advertising Expense Salaries Expense Totals Credit $73,600 $5,060 $350 $1,075 $80,400 $4,800 $5,555 $3,200 $62,490 $3,600 $4,500 $800 $360 $600 $1,990 $24,500 $136,440 $136,440

T-Accounts:

Cash $5,100 Dec. 1 $4,850 Dec. 6 $1,980 Dec. 9 Vehicle Maintanance Supplies Expense $4,500 $5,680 $3,600 I.$3,600 Dec. 3 Dec. 10 Dec. 12 Dec. 16 Dec. 25 Dec. 31 $39,500 $40,900 $80,400 Dec. 20 Dec. 5 Dec. 16 End. Bal. End. Ba $21,700 Dec. 10 $4,100 Dec. 11 $19,700 Dec. 11 Dec. 13 Dec. 16 Dec. 17 Dec. 20 Dec. 24 Dec. 26 Dec. 30 Dec. 31 Rent Expense $3,240 Office Equipment Dec. 1 $4,500 $4,800 $4,800 End. B $4, Dec. 6 End. Bal. $39,500 S40,900 $600 $1,990 $3,200 $4,800 $24,500 $310 Fuel Expense Accounts Payable Dec. 9 $800 $5,680 Dec. 5 $3,240 Dec. 6 $39,500 End. Bal Dec. 6 Dec. 11 Dec. 11 Dec. 13 Dec. 26 End. Bal. $4,800 $1,750 $1,825 Dec. 10 Other Office Expense $650 Dec. 18 $39,500 Dec. 19 $4,800 Dec. 23 $360 $5,555 End. Bal $73,600 End. Bal $360Accounts Receivable Heyward, Drawings Misc. Admin. Expense $1,980 Dec. 3 $2,140 Dec. 12 $6,400 Dec. 25 $5,720 $5,060 $5,100 Dec. 24 $1,980 End. Bal $4,100 Dec. 17 Dec. 2 Dec. 10 Dec. 24 Dec. 25 End. Bal $3,200 $3,200 End. Bal $600 Fees Revenue $1,980 $4,850 $2,140Dec. 20 Dec. 2 Dec. 10 Dec. 10 Dec. 16 Dec. 24 Dec. 25 Dec. 31 End. Bal Advertising Expense Office Maintenance Supplies $1,990 $1,750 Dec. 20 $1,500 $3,600 Dec. 18 Dec. 19 $21,700 $6,400 $5,720 End. Bal $1,990 End. Bal. $350 $19,700 Salaries Expense $24,500 $62,490 Office Supplies Dec. 30 Dec. 19 Dec. 23 Dec. 31 End. Bal $325 $A40 $310 $1,075 End. Ba $24,500

0 0
Add a comment
Know the answer?
Add Answer to:
The transactions completed by Revere Courier Company during December 2016, the first month of the fiscal...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The transactions completed by Revere Courier Company during December 2016, the first month of the fiscal...

    The transactions completed by Revere Courier Company during December 2016, the first month of the fiscal year, were as follows: |Dec. |1. |Issued Check No. 210 for December rent, $4,500. |2. |Issued Invoice No. 940 to Carter Co., $1,980. |3. |Received check for $5,100 from Taylor Co. in payment of account. |5. |Purchased a vehicle on account from Baltimore Transportation, $39,500. |6. |Purchased office equipment on account from Ashley Computer Co., $4,800. |6. |Issued Invoice No. 301 to Downing Co.,...

  • All Journals and General Ledger; Trial Balance The transactions completed by Revere Courier Company during December,...

    All Journals and General Ledger; Trial Balance The transactions completed by Revere Courier Company during December, the first month of the fiscal ye Dec. 1. Issued Check No. 610 for December rent, $4,200. Dec. 2. Issued Invoice No. 940 to Clifford Co., $1,740 Dec. 3. Received check for $4,800 from Ryan Co. in payment of account. Dec. 5. Purchased a vehicle on account from Platinum Motors, $37,300. Dec. 6. Purchased office equipment on account from Austin Computer Co., $4,500. Dec....

  • All Journals and General Ledger; Trial Balance The transactions completed by Revere Courier Company during December,...

    All Journals and General Ledger; Trial Balance The transactions completed by Revere Courier Company during December, the first month of the fiscal year, were as follows: Dec. 1. Issued Check No. 610 for December rent, $4,200. Dec. 2. Issued Invoice No. 940 to Clifford Co., $1,740 Dec. 3. Received check for $4,800 from Ryan Co. in payment of account. Dec. 5. Purchased a vehicle on account from Platinum Motors, $37,300. Dec. 6. Purchased office equipment on account from Austin Computer...

  • of the fiscal year, were as follows Dec.1. Issued Check No. 610 for December rent, $4,500....

    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 account. 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., $5,680. 9. Issued Check No. 611 for fuel expense, $800. 10. Received check from...

  • the ledger will and post the appropriate totals to the gener include transactions related to cash...

    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,...

  • All Journals and General Ledger; Trial Balance The transactions completed by AM Express Company during March,...

    All Journals and General Ledger; Trial Balance The transactions completed by AM Express Company during March, the first month of the fiscal year, were as follows: Mar. 1. Issued Check No. 205 for March rent, $2,450. 2. Purchased a vehicle on account from McIntyre Sales Co., $26,900. Purchased office equipment on account from Office Mate Inc., $1,570. 3. Issued Invoice No. 91 to Ellis Co., $7,000. 5. . Received check for $7.950 from Chavez Co. in payment of invoice. 7....

  • Create a General Ledger for the following transactions: Turner Company completes these transactions and events during...

    Create a General Ledger for the following transactions: Turner Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $45,800 of merchandise from Wilson Industries, invoice dated March 1, terms 2/15, n/30. Mar. 2 Sold merchandise on credit to Perez Co., Invoice No. 854, for $43,200 (cost is $26,000). Mar. 3 Purchased $1,500 of office supplies on credit from Martin Company, invoice dated March 3, terms...

  • Adjusting journal entry 079 1 Latin America 756 323 42.7 $16,191 $980 6. a, Total revenues...

    Adjusting journal entry 079 1 Latin America 756 323 42.7 $16,191 $980 6. a, Total revenues $17.171 Illustrative Problem Selected transactions of O'Malley Co. for the month of May are as follows: a. May 1. Issued Check No.1001 in payment of rent for May, $1,200. 2. Purchased office supplies on account from McMillan Co., $3,600. 4. Issued Check No. 1003 in payment of freight charges on the supplies purchased on May 2, $320. 8. Provided services on account to Waller...

  • 1. Rackley Company completes these transactions and events during March of the current year (terms of...

    1. Rackley Company completes these transactions and events during March of the current year (terms of all credit sales are 2/10,n/30, unless otherwise stated in the transaction): perpetual inventory system was adopted by Rackley Company in recording its inventory transactions. March 1 Received $87,200 of merchandise and an invoice dated March 1, terms 2/15, 1/30, from Fox Industries. 2. Sold merchandise on credit to Armand Leon. Invoice No. 854, for $33.600 (cost $16.800). 3. Purchased $2460 of office supplies on...

  • The following were selected from among the transactions completed by Theisen Company during December of the...

    The following were selected from among the transactions completed by Theisen Company during December of the current year: Dec. 3. Purchased merchandise on account from Shipley Co., list price $480,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid transportation costs of $122,500 added to the invoice. 5. Purchased merchandise on account from Kirch Co., $100,250, terms FOB destination, 2/10, n/30. 6. Sold merchandise on account to Murdock Co., list price $360,000, trade discount 35%, terms 2/10, n/30....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT