Post to the general ledger, debtors ledger and creditors ledger Pets traiders
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Post to the general ledger, debtors ledger and creditors ledger Pets traiders
Record the transactions in the correct subsidiary journals, post to the general ledger, debtors ledger and creditors ledger and draw up a trial balance
Question 1
(Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent)
Required
Record the transactions in the correct subsidiary journals, post to the general
ledger, debtors ledger and creditors ledger, and draw up a trial balance.
On 1 January 2007, Pets Traders had the following balances:
Stock R1 500 -Capital R2 287
Bank (favourable)R 1 200 - VAT control (Cr.) R900
Debtors: A. Adams R171
Debtors:B. Brown R855
Creditors: F.Farmell R1197
Creditors:...
Post the following general journal entries to the general ledger. GENERAL JOURNAL Post Page 1 Credit...
Post the following general journal entries to the general ledger. GENERAL JOURNAL Post Page 1 Credit Date 1/1 Description Cash Debit 20,000 Jacob S., Capital 20,000 1/5 Rent expense 5,000 Cash 5,000 1/8 Supplies 3,000 Cash 3,000 ACCOUNT NAME Cash ACCOUNT NUMBER 1 Balance Credit DATE Item Post Ref Debit Credit Debit ACCOUNT NAME: Supplies ACCOUNT NUMBER: 14 Balance Credit DATE Item Post Ref Debit Credit Debit ACCOUNT NAME: Jacob S., Capital ACCOUNT NUMBER: 31 Balance Credit DATE Item Post...
Record January transactions in the General Journal and post to the General Ledger. • Record...
Record January
transactions in the General Journal and post to the General
Ledger.
• Record adjusting
entries for January in the General Journal and post to the General
Ledger
. • Prepare the
adjusted trial balance as of January 31
-
Record January transactions in
the General Journal and post to the General Ledger.
• Record adjusting
entries for January in the General Journal and post to the General
Ledger
. • Prepare the
adjusted trial balance as of...
6. Debtors and creditors - Net international investment position Suppose that at the end of 2014,...
6. Debtors and creditors - Net international investment position Suppose that at the end of 2014, the value of U.S.-owned assets abroad is $15,888 billion, and the value of foreign-owned assets in the United States (which are U.S. liabilities) is $16,953 billion. The net international investment position of the United States in 2014 is 5 experiencing debt.) billion. (Hint: Be sure to include a negative sign if the U.S.is Suppose that in 2015, the United States runs a current account...
6. Debtors and creditors - Net international investment position Suppose that at the end of 2014,...
6. Debtors and creditors - Net international investment position Suppose that at the end of 2014, the value of U.S.-owned assets abroad is $13,755 billion, and the value of foreign-owned assets in the United States (which are U.S. liabilities) is $16,295 billion. The net international investment position of the United States in 2014 is __________$ billion. (Hint: Be sure to include a negative sign if the U.S. is experiencing debt.) Suppose that in 2015, the United States runs a current...
PART 10: Post and Close All Accounts Post the closing entries to the general ledger in...
PART 10: Post and Close All Accounts Post the closing entries to the general ledger in RED order and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Date Accounts Debit Credit Dec. 31 Service Revenue 22,700 Retained Earnings 22,700 Date Accounts Debit Credit Dec. 31 Retained Earnings 8,385 Salaries Expense 5,500 Depreciation Expense - Furniture 300 Insurance Expense 375 Utilities Expense 240 Rent Expense 1,900 Supplies Expense...
i) Prepare the general ledger without narration ii) Post all the transaction into ledger account. iii)...
i) Prepare the general ledger without narration
ii) Post all the transaction into ledger account.
iii) Prepare the trial balance at 30 September
2019.
e. The following information was obtained from the books of NestChoc Sdn Bhd, a chocolate factory for September 2019. 2019 Sept 1 Owner started business by bringing in his used van costing RM 45,000 and cash amounting to RM 12,000 into the business. 2 | Deposited RM 5,000 of the cash into the bank. 3 Bought...
Post information from the journals in Part 2 to the general ledger and the accounts receivable...
Post information from the journals in Part
2 to the general ledger and the accounts receivable and accounts
payable subsidiary ledgers.
Church 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 $40,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,000 (cost is $8,000). 3 (a) Purchased $1,200 of office...
Post the transactions, adjusting and closing entries into the appropriate t-accounts. The general ledger of the...
Post the transactions,
adjusting and closing entries into the appropriate t-accounts.
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 32,300 12,000 19,000 points Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total eBook 5,700 7,000 43,000 7,600 63,300 Print 63,300 References The following is a summary of the transactions for the year: a. Service revenue, $110,000, of which $33,000 was on...
GENERAL LEDGER IN LAST 3 PHOTOS Post the transactions for June 1 - 30 to the...
GENERAL LEDGER IN LAST 3 PHOTOS
Post the transactions for June 1 - 30 to the General
Ledger. Opening balances have been provided above. Be sure to keep
running balance in each account.
Case Study Full Accounting Cycle Melissa Days and Kelly Harbor formed the Corporation Sports R Us. They sell sporting goods and give lessons. They have hired you to update their transactions for the business. They have provided you with the opening balances and a list of transactions...
Post the following general journal entries to the general ledger. GENERAL JOURNAL Post Page 1 Credit Date 1/1 Description Cash Debit 20,000 Jacob S., Capital 20,000 1/5 Rent expense 5,000 Cash 5,000 1/8 Supplies 3,000 Cash 3,000 ACCOUNT NAME Cash ACCOUNT NUMBER 1 Balance Credit DATE Item Post Ref Debit Credit Debit ACCOUNT NAME: Supplies ACCOUNT NUMBER: 14 Balance Credit DATE Item Post Ref Debit Credit Debit ACCOUNT NAME: Jacob S., Capital ACCOUNT NUMBER: 31 Balance Credit DATE Item Post...
Record January
transactions in the General Journal and post to the General
Ledger.
• Record adjusting
entries for January in the General Journal and post to the General
Ledger
. • Prepare the
adjusted trial balance as of January 31
-
Record January transactions in
the General Journal and post to the General Ledger.
• Record adjusting
entries for January in the General Journal and post to the General
Ledger
. • Prepare the
adjusted trial balance as of...
6. Debtors and creditors - Net international investment position Suppose that at the end of 2014, the value of U.S.-owned assets abroad is $15,888 billion, and the value of foreign-owned assets in the United States (which are U.S. liabilities) is $16,953 billion. The net international investment position of the United States in 2014 is 5 experiencing debt.) billion. (Hint: Be sure to include a negative sign if the U.S.is Suppose that in 2015, the United States runs a current account...
PART 10: Post and Close All Accounts Post the closing entries to the general ledger in RED order and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Date Accounts Debit Credit Dec. 31 Service Revenue 22,700 Retained Earnings 22,700 Date Accounts Debit Credit Dec. 31 Retained Earnings 8,385 Salaries Expense 5,500 Depreciation Expense - Furniture 300 Insurance Expense 375 Utilities Expense 240 Rent Expense 1,900 Supplies Expense...
i) Prepare the general ledger without narration
ii) Post all the transaction into ledger account.
iii) Prepare the trial balance at 30 September
2019.
e. The following information was obtained from the books of NestChoc Sdn Bhd, a chocolate factory for September 2019. 2019 Sept 1 Owner started business by bringing in his used van costing RM 45,000 and cash amounting to RM 12,000 into the business. 2 | Deposited RM 5,000 of the cash into the bank. 3 Bought...
Post information from the journals in Part
2 to the general ledger and the accounts receivable and accounts
payable subsidiary ledgers.
Church 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 $40,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,000 (cost is $8,000). 3 (a) Purchased $1,200 of office...
Post the transactions,
adjusting and closing entries into the appropriate t-accounts.
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 32,300 12,000 19,000 points Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total eBook 5,700 7,000 43,000 7,600 63,300 Print 63,300 References The following is a summary of the transactions for the year: a. Service revenue, $110,000, of which $33,000 was on...
GENERAL LEDGER IN LAST 3 PHOTOS
Post the transactions for June 1 - 30 to the General
Ledger. Opening balances have been provided above. Be sure to keep
running balance in each account.
Case Study Full Accounting Cycle Melissa Days and Kelly Harbor formed the Corporation Sports R Us. They sell sporting goods and give lessons. They have hired you to update their transactions for the business. They have provided you with the opening balances and a list of transactions...
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