In: Advanced Math
The ledger accounts of AXX Internet Company appear as follows on
March 31, 2019:
ACCOUNT NO. | ACCOUNT | BALANCE | |
101 | Cash | $ | 65,000 |
111 | Accounts Receivable | 35,860 | |
121 | Supplies | 9,100 | |
131 | Prepaid Insurance | 23,500 | |
141 | Equipment | 103,000 | |
142 | Accumulated Depreciation—Equipment | 39,820 | |
202 | Accounts Payable | 11,500 | |
301 | Aretha Hinkle, Capital | 115,000 | |
302 | Aretha Hinkle, Drawing | 11,500 | |
401 | Fees Income | 311,000 | |
510 | Depreciation Expense—Equipment | 19,660 | |
511 | Insurance Expense | 9,900 | |
514 | Rent Expense | 31,500 | |
517 | Salaries Expense | 151,000 | |
518 | Supplies Expense | 4,100 | |
519 | Telephone Expense | 5,300 | |
523 | Utilities Expense | 7,900 | |
All accounts have normal balances.
Required:
Journal entry worksheet
Note: Enter debits before credits.
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Post the transactions in to the appropriate ledger accounts. Hint: Be sure to enter beginning balances.
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