Question

what is account 202 in general ledger? Please make chart similar so I can understand how you solved the question.

On October 1, 2019, Helen Kennedy opened an advertising agency DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $68,889 cash in the business 2 Paid October office rent of $3,480; issued Check 1801 5 Purchased desks and other office furniture for $13,28 from Office Furniture Mart, Inc. received Invoice 6784 payable in 68 days 6 Issued Check 1882 for $3,600 to purchase art equipment 7 Purchased supplies for $1,9se; paid with Check 1883 18 Issued Check 1884 for $428 for office cleaning service Performed services for $4,5e8 in cash and $2,309 on credit. (Use a compound 12 entry.) 15 Returned damaged supplies for a cash refund of $228 18 Purchased a computer for $3,488 from office Furniture Mart, Inc., Invoice 7188; issued Check 1885 for a $1,958 down payment, with the balance payable in 30 days. (Use one compound entry.) 28 Issued Check 1886 for $6,688 to Office Furniture Mart, Inc., as payment on account for Invoice 6784 26 Performed services for $4,800 on credit 27 Paid $235 for monthly telephone bill; issued Check 1807 38 Received $4,180 in cash from credit customers 38 Mailed Check 1888 to pay the monthly utility bill of $31e 30 Issued Checks 1009-1811 for $8,480 for salaries Requlrec 1. Journalize the above transactions. 2. Post the above transactions to the ledger accounts. Analyze: What is the balance of account 202 In the general ledger? 4 Analyze Journal Accounts Journalize the above transactio View transaction list ts Journal entry worksheet 2 3 4 5 6 7 8 15 Helen Kennedy invested $68,000 cash in the business Print ferences Note: Enter debits before credits General Journal Debit Credit Date Oct 01. 2019 68.000 68,000 Record entry Clear entry View general journal Post the above transactons to the ledoer acounts. 0153446 Rent Expense No. 514 No. 51 Credit Bt ebook Reterenc

Answer 1

SOLUTION:-

1). JOURNAL ENTRIES

DateParticulars DR CR 110.19 Cash $68,000 Helen kennedy capital $68,000 2.10.19 Rent expenses $3.400 Cash $3.400 5.10.19Office furniture $13.200 Accounts payable $13.200 6.10.19 Equipment $3,600 Cash $3,600 7.10.19Supplies $1950 Cash $1,950 10.10.19 Cleansing service $420 Cash $420 12.10.19 Cash $4,500 Accounts receivable $2,300 $6,800 Dervice revenue 15.10.19 Cash Supplies 18.10.19 Computer $220 $220 1 $3.400 Cash $1,950 Accounts payable 20.10.19 Accounts payable $1.450 $6,600 Cash $6,600 26.10.19 Accounts receivable $4,800 Service revenue $4,800 27.10.19 Telepohone expenses $235 Cash $235 30.10.19 Cash $4,100 Accounts recdeivables $4,100 30.10.19 Utiltypeses Cash $310 $310 30.101 Salary expenses Cash $8400 $8400

2)general ledger

CASH PARTICULARS DR CR Helen k $68,000 Rent e $3,400 $3,600 Supplies $1950 Cleaning service $420 $4,500 Service revenue S220 Supplies $3,400 er Accounts payable $6,600 S235 Accounts receivables $4,100 S310 ex $8400 Sal $76,820S28,315 BALANCE S48.505

Helen kennedy capital Cash $68.000 Balance S68.000 Rent Expenses Cash S3,400 Balance S3,400 Office furniture 13,200 Accounts payable $13,200 Balance

Accounts payable Office furniture 13,200 SI,A0 Computer Cash Balance Equipment $1,600 Cash Balance 53.600 Supplies Cash S1950 Cash Balance S1730 Cleaning servcise Cash Balance 5420

f

Accounts receivable 2,300 Service revenue Service revenue $4,800 Cash $4,100 Balance $3,000 Service revenue Cash $4,100 Accounts receivable 2,300 Accounts receivable $4,800 Balance $11,200

Coumputer S1,950 Cash Accounts payable Balance $3,400 Telephone expenses Cash $235 Balance $235 Utility expenses $310 Cash Balance S310

Salary expenses Cash $8400 Balance $8400

3) Account 202 in general ledger is $8050.

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