(L. OBJ. 2, 3, 4, 5,) Journalizing transactions, posting to accounts In four-column form...

(L. OBJ. 2, 3, 4, 5,) Journalizing transactions, posting to accounts In four-column format, and preparing a trial balance [45-60 min]

The trial balance of Seth Knoll, CPA, is dated November 30, 2011:

During December, Knoll or his business completed the Following transactions:

Requirements

1. Record the December transactions in the journal. Include an explanation for each entry.

2. Post the transactions to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Open the ledger accounts listed in the trial balance, together with their balances at

November 30.

3. Prepare the trial balance Seth Knoll, CPA, at December 31, 2011.