Create General Ledger entries based on the information given. Chart of accounts: 1001 Cash 1006 Accounts...

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The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on “Chart of Accounts” to view). The accounts have already been opened in the General Ledger (click on “General Ledger” to view).

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In: Accounting

Create General Ledger entries based on the information given.

Chart of accounts:

1001

Cash

1006

Accounts Receivable

1019

Merchandise Inventory

1124

Office supplies

1125

Store supplies

1128

Prepaid insurance

1163

Office equipment

1164

Accumulated Depreciation - Office equipment

1165

Store equipment

1166

Accumulated Depreciation - Store equipment

2001

Accounts payable

3001

Skip Slider, Capital

3002

Skip Slider, Withdrawals

4013

Sales

4014

Sales discounts

4015

Sales returns and allowances

5002

Cost of goods sold

6012

Depreciation expense - Office equipment

6013

Depreciation expense - Store equipment

6020

Office salaries expense

6021

Sales salaries expense

6037

Insurance expense

6041

Rent expense, office space

6042

Rent expense, selling space

6050

Office supplies expense

6051

Store supplies expense

6090

Utilities expense

9001

Income Summary

May 1	Rent Expense-selling space	6042	4000
	Rent Expense-office space	6041	1000
	Cash	1001		5000
May 2	Accounts receivable -John's hardware	1006	4500
	Sales	4013		4500
	Cost of goods sold	5002	2000
	Merchandise inventory	1029		2000
May 3	Sales returns and allowances	4015	150
	Accounts recievable-John's	1006		150
May 4	Merchandise inventory	1019	27027
	Office Supplies	1124	38
	Store Supplies	1125	754
	Accounts payable-Amy's bakery	2001		27819
May 5	Cash	1001	4410
	Sales discounts	4014	90
	Accounts receivable- amy's	1006		4500
May 8	Accounts payable-Amy's	2001	27819
	Cash	1001		27819
May 9	Cash	1001	225
	Store Supplies	6051		225
May 10	Office equipment	1163	2047
	accounts payable-jerry's	2001		2047
May 11	Merchandise inventory	1019	6200
	Accounts payable-Lukes ski shop	1001		6200
May 12	Accounts payable- amy's	2001	97
	Office equipment	1163		97
May 15	Office Salaries	6020	1510
	Sales Salaries	6021	3230
	Cash	1001		4740

	Sales revenue	4013	31280
	Cash	1001		31280
	Cost of goods sold	5002	13200
	Inventory	1019		13200
May 16	Accounts recievable- Dales bike shop	1006	3990
	Sales	4013		3990
	Cost of goods sold	5002	1890
	Merchandise inventory	1019		1890
May 17	Merchandise inventory	1019	23650
	Accounts payable-george's	2001		23650
May 19	Accounts payable-tim's	2001	6076
	Sales discounts	4014		124
	Cash	1001		6076
May 22	Accounts recievable	1006	8650
	Sales	4013		8650
	Cost of goods sold	5002	4990
	Merchandise inventory	1019		4990
May 23	Accounts Payable	2001	23177
	Inventory	1019		473
	Cash	1001		23177
May 24	Merchandise Inventory	1019	8102
	Office Supplies	1124	180
	Store supplies	1125	630
	Accounts payable	2001		9012
May 25	Merchandise inventory	1019	3080
	Accounts payable-Jackson	2001		3080
May 26	Accounts recievable	1006	21315
	Sales	4013		21315
	Cost of goods sold	5002	12230
	Merchandise inventory	1019		12230
	Utilities expense	6090	983

	Cash	1001		983
May 29	Owner withdrawls	3002	4800
	Cash	1001		4800
May 30	Cash	1001	8477
	Sales Discount	4014	173
	Accounts recievable- susan's
	Sales salaries	6021	3230
	Office Salaries	6020	1510
	Cash	1001		4740
May 31	Cash	1001	46025
	Sales	4013		46025
	Cost of goods sold	5002	22500
	Inventory	1019		22500

EX, answer in the format:

Accounts recievable- Balance 0

Office supplies balance- debit- $2430

Store Supplies Balance- debit- $ 3158

Prepaid insurance balance- debit- $6427

Office equipment balance- debit $58752

Accumulated depreciation balance- credit $19898

Store equipment balance- debit- $134960

Accumulated deprecation- store equipment- balance- $27420

Accounts payable- balance- $0

Steve anderson capital- balance- credit- $410593

Steve anderson withdrawls- balance- $0

Sales - balance 0

Sales returns and allowances- 0

Sales discounts- 0

Cost of goods sold 0

deprreciation expense office equipment- 0

depreciation expense store equipment 0

Office salaries expense 0

Insurance expense

rent expense office space

Rent expense selling space

office supplies expense

Store supplies expense

utilities expense

Income summary

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Accounts	Date	Debit	Credit	Debit	Credit
Accounts payable	Beg		$ -		$ -
	4		$ 27,819		$ 27,819
	8	$ 27,819			$ -
	10		$ 2,047		$ 2,047
	11		$ 6,200		$ 8,247
	12	$ 97			$ 8,150
	17		$ 23,650		$ 31,800
	19	$ 6,200			$ 25,600
	23	$ 23,650			$ 1,950
	24		$ 8,912		$ 10,862
	25		$ 3,080		$ 13,942

Cash	Beginning	$ 88,900		$ 88,900
	1		$ 5,000	$ 83,900
	5	$ 4,410		$ 88,310
	8		$ 27,819	$ 60,491
	9	$ 225		$ 60,716
	15		$ 36,020	$ 24,696
	19		$ 6,076	$ 18,620
	23		$ 23,177		$ 4,557
	26		$ 983		$ 5,540
	29		$ 4,800		$ 10,340
	30	$ 8,477	$ 4,740		$ 6,603
	31	$ 46,025		$ 39,422

Cost of goods sold	2	$ 2,000		$ 2,000
	15	$ 13,200		$ 15,200
	16	$ 1,890		$ 17,090
	22	$ 4,990		$ 22,080
	26	$ 12,230		$ 34,310
	31	$ 22,500		$ 56,810




Merchandise inventory	2		$ 2,000		$ 2,000
	4	$ 27,027		$ 25,027
	11	$ 6,200		$ 31,227
	15		$ 13,200	$ 18,027
	16		$ 1,890	$ 16,137
	17	$ 23,650		$ 39,787
	19		$ 124	$ 39,663
	22		$ 4,990	$ 34,673
	23		$ 473	$ 34,200
	24	$ 8,102		$ 42,302
	25	$ 3,080		$ 45,382
	26		$ 12,230	$ 33,152
	31		$ 22,500	$ 10,652

Office equipment	Beginning	$ 58,752		$ 58,752
	10	$ 2,047		$ 60,799
	12		$ 97	$ 60,702

Office Salaries	15	$ 1,510		$ 1,510
	30	$ 1,510		$ 3,020

Office Supplies	Beginning	$ 2,430		$ 2,430
	4	$ 38		$ 2,468
	24	$ 180		$ 2,648

Owner withdrawls	29	$ 4,800		$ 4,800

Rent Expense-office space	1	$ 1,000		$ 1,000

Rent Expense-selling space	1	$ 4,000		$ 4,000

Sales	2		$ 4,500		$ 4,500
	15		$ 31,280		$ 35,780
	16		$ 3,990		$ 39,770
	22		$ 8,650		$ 48,420
	26		$ 21,315		$ 69,735
	31		$ 46,025		$115,760

Sales Discount	30	$ 173		$ 173
	5	$ 90		$ 178

Sales returns and allowances	3	$ 150		$ 150



Sales Salaries	15	$ 3,230		$ 3,230
	30	$ 3,230		$ 6,460

Store Supplies	Beginning	$ 3,158		$ 3,158
	4	$ 754		$ 3,912
	9		$ 225	$ 3,687
	24	$ 630		$ 4,317

Utilities expense	26	$ 983		$ 983

Accounts receivable	2	$ 4,500		$ 4,500
	3		$ 150	$ 4,350
	5		$ 4,500		$ 150
	16	$ 3,990		$ 3,840
	22	$ 8,650		$ 12,490
	26	$ 21,315		$ 33,805
	30		$ 8,650	$ 25,155

ekkarill92 answered 1 year ago

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