Question

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. Issued Invoice No. 92 to Trent Co., $9,840. 9. 10. 10. Issued Check No. 206 for fuel expense, $820. Received check for $10,000 from Sajeev Co. in payment of invoice Issued Check No. 207 to Office City in payment of $450 invoice, Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice. Issued Invoice No. 93 to Jarvis Co., $7,200. Issued Check No. 209 to Porter Co. in payment of $415 invoice. 10. 11. 11. 12 Received check for $7,000 from Ellis Co. in payment of March 5 invoice 13 Issued Check No. 210 to McIntyre Sales Co. in payment of $26.900 invoice of March 2. Cash fees eamed for March 1-16, $25,800. 16.

Answer 1

2. and 4. Page 37 Post. Ref. PURCHASES JOURNAL Accts. Maint. Supplies Office Supplies Pavable Debit Debit Post. Account Credited Other Accounts Debit Ref. Amount 18 16 26,900 1,570 Date 2016 Mar. 2 3 18 19 21 31 McIntyre Sales Co. Office Mate Inc. Bastille Co. Master Supply Co. ✓ ✓ ✓ ✓ ✓ 26,900 1,570 2,430 4,140 990 36,030 (21) 2,430 2,640 Vehicles Office Equipment N/A N/A N/A Office City Totals 5,070 (14) 1,500 990 2,490 (15) 28,470 (1) CASH RECEIPTS JOURNAL Post. Other Accts. Accts. Receivable Ref. Credit Credit Page 31 Cash Debit Account Credited 7,950 10,000 7,000 Date 2016 Mar. 6 10 12 16 18 25 31 31 Chavez Co. Sajeev Co. Ellis Co. Fees Earned Rent Revenue Chavez Co. Fees Earned Totals ✓ ✓ ✓ 41 42 ✓ 41 26,800 900 7,950 10,000 7,000 26,800 900 14,000 29,400 96,050 (11) 14,000 29,400 57,100 (v) 38,950 (12)

Inv. No. REVENUE JOURNAL Post. Ref. Page 35 Accts. Rec. Dr. Fees Earned Cr. Account Debited Date 2016 Mar. 5 7 TT 24 25 31 91 92 93 94 95 Ellis Co. Trent Co. Jarvis Co. Sajeev Co. Trent Co. Total ✓ ✓ ✓ ✓ ✓ 7,000 9,840 7 200 9,200 6,300 39,540 (12) (41) Ck. No. CASH PAYMENTS JOURNAL Post. Other Accts. Ref. Debit Page 34 Cash Credit Accts. Payable Debit Account Debited Date 2016 Mar. 1 9 62 53 2,450 820 ✓ 450 1,890 415 26,900 205 Rent Expense 206 Fuel Expense 207 Office City 208 Bastille Co. 209 Porter Co. 210 McIntyre Sales Co. 211 Vehicles 212 Misc. Admin. Expense 213 Advertising Expense 214 Office Mate Inc. 215 J. Wu, Drawing 216 Driver Salaries Expense 217 Office Salaries Expense 218 Office Supplies Totals 28.500 4,680 8,590 16 17 20 26 27 30 31 31 31 ✓ 18 64 63 ✓ 32 51 61 15 2,450 820 450 1,890 415 26,900 28,500 4,680 8,590 1,570 4,000 33,300 21,200 600 135,365 1,570 4,000 33,300 21,200 600 104,140 31,225 1211 JOURNAL Page 1 Post. Ref. Description Debit Credit Date 2016 Mar. 20 Maintenance Supplies Expense Maintenance Supplies 52 14 4,400 4,400 1., 3., and 4. GENERAL LEDGER Cash Post. Ref 11 Balance Credit Item Debit Credit Debit Date 2016 Mar. 1 31 31 Balance ✓ CR31 CP34 96,050 65,200 161,250 25,885 135,365 Accounts Receivable Post. Ref. 12 Balance Debit Credit Item Debit Credit Date 2016 Mar. 1 31 31 Balance ✓ R35 CR31 39,540 31,950 71,490 32,540 38,950 Maintenance Supplies 14 Balance Credit Post. Ref. Item Debit Credit Debit Date 2016 Mar. 1 20 31 Balance ✓ J1 P37 4,400 7,240 2,840 7,970 5,070 Office Supplies 15 Balance Credit Post. Ref. Item Debit Credit Debit Date | 2016 Mar. 1 1 31 Balance ✓ P37 CP34 600 2,490 3,690 4,290 6,780 37 Office Equipment Post. Ref. 16 Balance Credit Item Debit Credit Debit Date 2016 Mar. 1 Balance ✓ P37 17,300 18,870 1,570 Accumuluated Depreciation - Office Equipment Post. Date Item Ref. 2016 Mar. 1 Balance ✓ 17 Balance Credit Debit Credit Debit 4,250 ............

Accumuluated Depreciation - Office Equipment Post. Date Item Ref. 2016 Mar. 1 Balance ✓ 17 Balance Credit Debit Credit Debit 4,250 Vehicles Post. Ref. 18 Balance Credit Item Debit Credit Debit Date 2016 Mar. 1 2 16 Balance ✓ P37 CP34 26,900 28,500 62.400 89,300 117,800 Accumuluated Depreciation - Vehicles Post. Ref. 19 Balance Debit Credit Item Debit Credit Date 2016 Mar. 1 Balance ✓ ........... 17,800 Accounts Payable Post Ref. 21 Balance Credit Item Debit Credit Debit Date 2016 Mar 1 31 31 Balance 36,030 P37 CP34 2,755 38,785 7,560 31,225 J. Wu, Capital 31 Balance Post. Ref. Item Debit Credit Debit Credit Date 2016 Mar. 1 Balance ✓ . ................ 162.975 J. Wu, Drawing Post. Ref. 32 Balance Credit Item Debit Credit Debit Date 2016 Mar. 27 CP34 4,000 4,000 - Fees Earned Post. Ref. 41 Balance Credit Item Debit Credit Debit Date 2016 Mar. 16 31 31 CR31 CR31 R35 26,800 29,400 39,540 26,800 56,200 95,740 Rent Revenue Post. Ref. 42 Balance Credit Item Debit Credit Debit Date 2016 Mar. 18 ..................... CR31 900 900 Driver Salaries Expense Post. Ref. 51 Balance Credit Item Debit Credit Debit Date 2016 Mar. 30 CP34 33,300 33,300 Maintenance Supplies Expense Post. Ref. 52 Balance Credit Item Debit Credit Debit Date 2016 Mar. 20 J1 4,400 4,400 Fuel Expense Post. Ref. 53 Balance Credit Item Debit Credit Debit Date 2016 Mar. 9 9 CP34 820 ................ 820 Office Salaries Expense Post. Ref. 61 Balance Credit Item Debit Credit Debit Date 2016 Mar. 31 ............ CP34 21,200 21,200 Rent Expense Post. Ref. 62 Balance Debit Credit Item Debit Credit Date 2016 Mar.1 CP34 2,450 2,450

Rent Expense Post. Ref. 62 Balance Credit Item Debit Credit Debit Date 2016 Mar. 1 CP34 2,450 2,450 Advertising Expense Post. Ref. 63 Balance Credit Item Debit Credit Debit Date 2016 Mar. 20 CP34 8,590 8,590 Miscellaneous Administrative Expense Post. Ref. 64 Balance Debit Credit Item Debit Credit Date 2016 Mar. 17 CP34 4,680 4,680 5. Credit Balances 4,250 AM EXPRESS COMPANY Unadjusted Trial Balance March 31, 2016 Debit Balances Cash 25,885 Accounts Receivable 32,540 Maintenance Supplies 7,970 Office Supplies 6,780 Office Equipment 18,870 Accumulated Depreciation - Office Equipment Vehicles 117,800 Accumulated Depreciation - Vehicles Accounts Payable J. Wu, Capital J. Wu, Drawing 4,000 Fees Earned Rent Revenue Driver Salaries Expense 33,300 Maintenance Supplies Expense 4,400 Fuel Expense 820 Office Salaries Expense 21,200 Rent Expense 2,450 Advertising Expense 8,590 Miscellaneous Administrative Expense 4,680 Totals 289,225 17,800 7,560 162.975 95,740 900 289,225