Question

The transactions of Matile Delivery Company are recorded in the general journal below. You are to post the entries to T accounts (include dates) and foot and balance the T accounts. Prepare a trial balance in good order and form with complete headings. Don’t forget that there is a specific order of accounts: assets (in order of liquidity), liabilities (in order of liquidity), owner’s capital, owner’s withdrawals, revenues and expenses.

		General Journal		Page 1
Date		Description	Debit	Credit
20XX April	1	Cash	15,000
		Matile, Capital		15,000
	4	Delivery Trucks	30,000
		Cash		10,000
		Notes Payable		20,000
	8	Rent Expense	1,000
		Cash		1,000
	15	Prepaid Insurance	400
		Cash		400
	18	Cash	2,500
		Delivery Revenue		2,500
	20	Salaries Expense	500
		Cash		500
	25	Utilities Expense	100
		Accounts Payable		100
	30	Matile, Withdrawals	800
		Cash		800
	30	Accounts Receivable	2,000
		Delivery Revenue		2,000

Trial Balance

Answer 1

Requirement a

Ledger Accounts