Question

GENERAL JOURNAL

1)Post the transactions from the general journal to the general ledger accounts. To confirm that the posting has been performed, a posting reference is recorded in the Post Ref. column in the general journal.

Date		Account and Explanation	Post Ref.	Debit	Credit
Jun	1	Cash		104,000
Jun	1	Capital			104,000
		(capital contribution)
Jun	1	Music Equipment		48,000
Jun	1	Cash			48,000
		(cash purchase of equipment)
Jun	1	Cash		186,000
Jun	1	Bank Loan Payable			186,000
		(received cash loan)
Jun	1	Prepaid Advertising		8,000
Jun	1	Cash			8,000
		(paid for prepaid expense)
Jun	3	Cash		3,800
Jun	3	Revenues			3,800
		(provision of services for cash)
Jun	5	Office Supplies		3,300
Jun	5	Accounts Payable			3,300
		(credit purchase of office supplies)
Jun	5	Telephone Expense		160
Jun	5	Cash			160
		(paid telephone expense)
Jun	9	Accounts Receivable		4,200
Jun	9	Revenues			4,200
		(provision of services on credit)
Jun	12	Cash		3,600
Jun	12	Unearned Revenue			3,600
		(revenue received in advance)
Jun	16	Cash		1,500
Jun	16	Accounts Receivable			1,500
		(collection of accounts receivable)
Jun	18	Wages Expense		6,800
Jun	18	Cash			6,800
		(paid staff wages)
Jun	22	Withdrawals		2,000
Jun	22	Cash			2,000
		(cash withdrawal by owner)
Jun	23	Cash		3,700
Jun	23	Revenues			3,700
		(provision of services for cash)
Jun	25	Accounts Payable		1,650
Jun	25	Cash			1,650
		(payment of accounts payable - supplies)
Jun	29	Accounts Receivable		6,000
Jun	29	Revenues			6,000
		(provision of services on credit)

(Q=320-100.Cash)

GENERAL LEDGER

Account: Cash
Account No. 100

Date		Description	Ref.	Debit	Credit	Balance
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun	30	Unadjusted Balance

(Q=320-110.AcctsRec)

Account: Accounts Receivable
Account No. 110

Date		Description	Ref.	Debit	Credit	Balance
Jun
Jun
Jun
Jun
Jun
Jun	30	Unadjusted Balance

(Q=320-130.OfficeSupplies)

Account: Office Supplies
Account No. 130

Answer 1

GENERAL LEDGER

1)Account - Cash (Account No.100)

Date		Description	Ref.	Debit	Credit	Balance
Jun	1	Capital		104,000		104,000
Jun	2	Music Equipment			48,000	56,000
Jun	1	Bank Loan Payable		186,000		242,000
Jun	1	Prepaid Advertising			8,000	234,000
Jun	3	Revenues		3,800		237,800
Jun	5	Telephone Expenses			160	237,640
Jun	12	Unearned Revenue		3,600		241,240
Jun	16	Accounts Receivable		1,500		242,740
Jun	18	Wage Expense			6,800	235,940
Jun	22	Withdrawals			2,000	233,940
Jun	23	Revenues		3,700		237,640
Jun	25	Accounts Payable			1,650	235,990
Jun	30	Unadjusted Balance				235,990

2) Account Receivable (Account No.110)

Date		Description	Ref.	Debit	Credit	Balance
Jun	9	Revenues		4,200		4,200
Jun	16	Cash			1,500	2,700
Jun	29	Revenues		6,000		8,700
Jun	30	Unadjusted Balance				8,700

3)Office Supplies (Account No.130)

Date		Description	Ref.	Debit	Credit	Balance
Jun	5	Accounts Payable		3,300		3,300
Jun	30	Unadjusted Balance				3,300