Question

Please I need help. Can somebody create me a journal entry following the instructions below and similar to this example.

In Chapter 2 we reviewed the accounting cycle. Journal entries are the way we communicate the activities of a business. Think of a story, movie, sports event, etc. It can be real or fictional. Then journalize the major activities of the story. As an example, I will use Cinderella.

Date	Accounts	Debit	Credit
Beginning	Housekeeping expense--Cinderella (E)	xxx
	Unearned help--ugly step-sisters (L)		xxx

Cinderella does all the housework and Ugly step-sisters owe her more kindness

Date	Accounts	Debit	Credit
	Transportation Expense--step sister/mother (E)	xxx
	Unearned treatment--Cinderella (L)		xxx

Step-mother and step-sisters go to the Prince’s ball, Won’t let Cinderella go to the ball

Date	Accounts	Debit	Credit
	Elegant Coach (A)	xxx
	Horse Inventory (A)	xxx
	Fancy Ball gown (A)	xxx
	Pumpkin (A)		xxx
	Mice Inventory (A)		xxx
	Cinderella's raggedy dress (A)		xxx

Fairy Godmother shows up and turns pumpkin, mice and dress into Coach, horses and gown

Date	Accounts	Debit	Credit
	Heart--Prince (A)	xxx
	Revenue from falling in love (R)		xxx

Prince meets Cinderella at the ball, falls in love with her

Date	Accounts	Debit	Credit
The End	Life--Cinderella (A)	xxx
	Gain from winning handsome prince (R)		xxx

Cinderella marries the prince, moves to Castle, and lives happily ever after

Posts should include 5 journal entries and should include at least one each of an asset, liability, revenue and expense account labeled using A, L, R and E. Don’t worry about dates and amounts unless they are relevant to your story.

Answer 1