Ask a question
Accounting terminology
13.07.2022 - 09:58

Journalizing and Post Transactions Chart of Accounts Assets 101 Cash 142 Office Supplies 181 Office Equipment Revenues 401 Consulting Fees Liabilities 202 Accounts Payable Expense 511 Wages Expense 5

Question:

Journalizing and Post Transactions

Chart of Accounts Assets
101 Cash
142 Office Supplies
181 Office Equipment Revenues
401 Consulting Fees Liabilities
202 Accounts Payable Expense
511 Wages Expense
512 Advertising Expense
521 Rent Expense
525 Telephone Expense
526 Transporation Expense
533 Utilites Expense
549 Misc Expense Owners Equity
311 Annette Creighton, Capital
312 Annette Creighton, Drawing
Jan
1. Creight invested cash in the buiness $10,000
1. Paid Rent $5500
2. Purchased Office Supplies on account $300
4. Purchased office equipment on account $1500
6. Received Cash for services rendered $580
7. Paid Telephone bill $42
8. Paid Utilites bill $38
10. Received Cash for services rendered $360
12. Made payment on account $50
13. Paid for car rental while visiting an out-of-town client (transportation expense) $150
15. Paid part-time worker $360
17. Received cash for services rendered $420
18. Creighton withdrew cash for personal use $100
20. Paid for newspaper ad $26
22. Reimbursed part-time employee for cab fare incurred delivering materials to clients (transporation expense) worker $360 30 Received cash for services rendered $180i $35
24. Paid for books on consulting practices (misc expense) $28
25. Received cash for servies rendered $320 27 Made payment on account for office equipment purchased $150
29. Paid part-time worker $360
30. Received cash for services rendered $180

Required:

a.) Set up the General Journal Ledger Accounts using the provided Chart of Accounts and Transactions in the scenario above.

Facebook
Twitter
Telegram
WhatsApp
FbMessenger
Answers (1)
  • Aleta
    April 18, 2023 в 23:25
    a.) General Journal Ledger Accounts: 1/1/XX: Cash 10,000 Annette Creighton, Capital 10,000 1/1/XX: Rent Expense 5,500 Cash 5,500 1/2/XX: Office Supplies 300 Accounts Payable 300 1/4/XX: Office Equipment 1,500 Accounts Payable 1,500 1/6/XX: Cash 580 Consulting Fees 580 1/7/XX: Telephone Expense 42 Cash 42 1/8/XX: Utilities Expense 38 Cash 38 1/10/XX: Cash 360 Consulting Fees 360 1/12/XX: Accounts Payable 50 Cash 50 1/13/XX: Transportation Expense 150 Cash 150 1/15/XX: Wages Expense 360 Cash 360 1/17/XX: Cash 420 Consulting Fees 420 1/18/XX: Annette Creighton, Drawing 100 Cash 100 1/20/XX: Advertising Expense 26 Cash 26 1/22/XX: Transportation Expense 35 Cash 360 Accounts Payable 325 1/24/XX: Misc Expense 28 Cash 28 1/25/XX: Cash 320 Consulting Fees 320 1/27/XX: Accounts Payable 150 Cash 150 1/29/XX: Wages Expense 360 Cash 360 1/30/XX: Cash 180 Consulting Fees 180
Do you know the answer?

Leave a comment

Not sure about the answer?
Find the right answer to the question Journalizing and Post Transactions Chart of Accounts Assets 101 Cash 142 Office Supplies 181 Office Equipment Revenues 401 Consulting Fees Liabilities 202 Accounts Payable Expense 511 Wages Expense 5 by subject Accounting terminology, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.
Search for other answers
New questions in the category: Accounting terminology
Главная › Business › Accounting terminology › Journalizing and Post Transactions Chart of Accounts Assets 101 Cash 142 Office Supplies 181 Office Equipment Revenues 401 Consulting Fees Liabilities 202 Accounts Payable Expense 511 Wages Expense 5
Authorization
*
*

Entry Lost your Password ?
Password generation
Get New Password