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skip 5 last one unadjusted trial balance do rest thanks All Journals and General Ledger; Trial...

skip 5 last one unadjusted trial balance do rest thanks

All Journals and General Ledger; Trial Balance

The transactions completed by AM Express Company during March, the first month of the fiscal year, were as follows:

Mar. 1. Issued Check No. 205 for March rent, $2,450.
2. Purchased a vehicle on account from McIntyre Sales Co., $26,900.
3. Purchased office equipment on account from Office Mate Inc., $1,570.
5. Issued Invoice No. 91 to Ellis Co., $7,000.
6. Received check for $7,950 from Chavez Co. in payment of invoice.
7. Issued Invoice No. 92 to Trent Co., $9,840.
9. Issued Check No. 206 for fuel expense, $820.
10. Received check for $10,000 from Sajeev Co. in payment of invoice.
10. Issued Check No. 207 to Office City in payment of $450 invoice.
10. Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.
11. Issued Invoice No. 93 to Jarvis Co., $7,200.
11. Issued Check No. 209 to Porter Co. in payment of $415 invoice.
12. Received check for $7,000 from Ellis Co. in payment of March 5 invoice.
13. Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2.
16. Cash fees earned for March 1–16, $26,800.
16. Issued Check No. 211 for purchase of a vehicle, $28,500.
17. Issued Check No. 212 for miscellaneous administrative expense, $4,680.
18. Purchased maintenance supplies on account from Bastille Co., $2,430.
18. Received check for rent revenue on office space, $900.
19. Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500.
20. Issued Check No. 213 in payment of advertising expense, $8,590.
20. Used maintenance supplies with a cost of $4,400 to repair vehicles.
21. Purchased office supplies on account from Office City, $990.
24. Issued Invoice No. 94 to Sajeev Co., $9,200.
25. Received check for $14,000 from Chavez Co. in payment of invoice.
25. Issued Invoice No. 95 to Trent Co., $6,300.
26. Issued Check No. 214 to Office Mate Inc. in payment of $1,570 invoice of March 3.
27. Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000.
30. Issued Check No. 216 in payment of driver salaries, $33,300.
31. Issued Check No. 217 in payment of office salaries, $21,200.
31. Issued Check No. 218 for office supplies, $600.
31. Cash fees earned for March 17–31, $29,400.

Required:

1. The following accounts are setup in the general ledger as of March 1. Using the information below, enter the balances for each account.

11 Cash $65,200 32 J. Wu, Drawing -
12 Accounts Receivable 31,950 41 Fees Earned -
14 Maintenance Supplies 7,240 42 Rent Revenue -
15 Office Supplies 3,690 51 Driver Salaries Expense -
16 Office Equipment 17,300 52 Maintenance Supplies Expense -
17 Accum. Depr.—Office Equip. 4,250 53 Fuel Expense -
18 Vehicles 62,400 61 Office Salaries Expense -
19 Accum. Depr.—Vehicles 17,800 62 Rent Expense -
21 Accounts Payable 2,755 63 Advertising Expense -
31 J. Wu, Capital 162,975 64 Miscellaneous Administrative Exp. -

2. Journalize the transactions for March using the required journal(s). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

2a. Journalize the transactions for March using the purchases journal (with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If no entry is required, type "No entry required" and leave the amount boxes blank.

If an amount box does not require an entry, leave it blank.

PURCHASES JOURNAL PAGE 37
Date Account Credited Post. Ref. Accounts Payable
Cr.
Maintenance Supplies
Dr.
Office Supplies
Dr.
Other Accounts
Dr.
Post.
Ref.
Amount
Mar. 2 Master Supply Co. ? Office City
Mar. 18 Master Supply Co. ? Bastille Co.
Mar. 2 Bastille Co. ? Master Supply Co.
Mar. 18 Master Supply Co. ? Bastille Co.
Mar. 2 Office Mate Inc. ? Office Equipment
Mar. 19
(21) (14) (15) (?)

2b. Journalize the transactions for March using the cash receipts journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

CASH RECEIPTS JOURNAL PAGE 31
Date Account Credited Post. Ref. Other Accounts
Cr.
Accounts
Receivable Cr.
Cash Dr.
Mar. 6 Rent Revenue ?
Mar. 10 Rent Revenue ?
Mar. 12 Rent Revenue ?
Mar. 16 Fees Earned
Mar. 18 Rent Revenue
Mar. 25 Rent Revenue ?
Mar. 31 Fees Earned
(?) (12) (11)

2c. Journalize the transactions for March using the single-column revenue journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

REVENUE JOURNAL PAGE 35
Date Invoice
No.
Account Debited Post.
Ref.
Accounts Rec. Dr.
Fees Earned Cr.
Mar. 5 ?
Mar. 7 ?
Mar. 11 ?
Mar. 24 ?
Mar. 24 ?
(41) (12)

2d. Journalize the transactions for March using the cash payments journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

CASH PAYMENTS JOURNAL PAGE 34
Date Ck. No. Account Debited Post. Ref. Other
Accounts
Dr.
Accounts
Payable
Dr.
Cash Cr.
Mar. 1 Rent Expense
Mar. 9
Mar. 10 Fuel Expense ?
?
?
?
Misc. Admin. Expense
Advertising Expense
?
J. Wu, Drawing
Driver Salaries Expense
Office Salaries Expense
Office Supplies
(?) (21) (11)

2e. Journalize the transactions for March using the two-column general journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

JOURNAL PAGE 1
Date Description Post. Ref. Debit Credit

3. Post the appropriate individual entries to the general ledger.

4. Total each of the columns of the special journals, and post the appropriate totals to the general ledger; insert the account balances.

If an amount box does not require an entry, leave it blank.

GENERAL LEDGER
Balance
Date Item Post. Ref. Debit Credit Dr. Cr.
Account: Cash #11
Mar. 1 Balance ?
Account: Accounts Receivable #12
Mar. 1 Balance ?
Account: Maintenance Supplies #14
Mar. 1 Balance ?
Account: Office Supplies #15
Mar. 1 Balance ?
Account: Office Equipment #16
Mar. 1 Balance ?
Account: Accumulated Depreciation - Office Equipment #17
Mar. 1 Balance ?
Account: Vehicles #18
Mar. 1 Balance ?
Account: Accumulated Depreciation - Vehicles #19
Mar. 1 Balance ?
Account: Accounts Payable #21
Mar. 1 Balance ?
Account: J. Wu, Capital #31
Mar. 1 Balance ?
Account: J. Wu, Drawing #32
Mar. 27
Account: Fees Earned #41
Account: Rent Revenue #42
Mar. 18
Account: Driver Salaries Expense #51
Mar. 30
Account: Maintenance Supplies Expense #52
Mar. 20
Account: Fuel Expense #53
Mar. 9
Account: Office Salaries Expense #61
Mar. 31
Account: Rent Expense #62
Mar. 1
Account: Advertising Expense #63
Mar. 20
Account: Miscellaneous Administrative Expense #64
Mar. 17

5. Prepare a trial balance.

If an amount box does not require an entry, leave it blank.

AM EXPRESS COMPANY
Unadjusted Trial Balance
March 31
Debit Balances Credit Balances
Cash
Accounts Receivable
Maintenance Supplies
Office Supplies
Office Equipment
Accumulated Depreciation - Office Equipment
Vehicles
Accumulated Depreciation - Vehicles
Accounts Payable
J. Wu, Capital
J. Wu, Drawing
Fees Earned
Rent Revenue
Driver Salaries Expense
Maintenance Supplies Expense
Fuel Expense
Office Salaries Expense
Rent Expense
Advertising Expense
Miscellaneous Administrative Expense

Solutions

Expert Solution

Date Account Debit Credit
Oct 1 Rent Expense 2450
Cash 2450
Oct 2 Vehicle 26900
Accounts Payable 26900
Oct 3 Office Equipment 1570
Accounts Payable 1570
Oct 5 Accounts Receivable 7000
Fee Earned 7000
Oct 6 Cash 7950
Accounts Receivable 7950
Oct 7 Accounts Receivable 9840
Fee Earned 9840
Oct 9 Fuel Expense 820
Cash 820
Oct 10 Cash 10000
Accounts Receivable 10000
Oct 10 Accounts Payable 450
Cash 450
Oct 10 Accounts Payable 1890
Cash 1890
Oct 11 Accounts Receivable 7200
Fee Earned 7200
Oct 11 Accounts Payable 415
Cash 415
Oct 12 Cash 7000
Accounts Receivable 7000
Oct 13 Accounts Payable 26900
Cash 26900
Oct 16 Cash 26800
Fee Earned 26800
Oct 16 Vehicle 28500
Cash 28500
Oct 17 Miscellaneous Administrative Expense 4680
Cash 4680
Oct 18 Maintenance Supplies 2430
Accoutns Payable 2430
Oct 18 Cash 900
Rent Revenue 900
Oct 19 Maintenance Supplies 2640
Office Supplies 1500
Accoutns Payable 4140
Oct 20 Advertising Expense 8590
Cash 8590
Oct 20 Office Supplies Expense 4400
Office Supplies 4400
Oct 21 Office Supplies 990
Accoutns Payable 990
Oct 24 Accounts Receivable 9200
Fee Earned 9200
Oct 25 Cash 14000
Accounts Receivable 14000
Oct 25 Accounts Receivable 6300
Fee Earned 6300
Oct 26 Accounts Payable 1570
Cash 1570
Oct 27 J. Wu Drawing 4000
Cash 4000
Oct 30 Driver Salaries Expense 33300
Cash 33300
Oct 31 Office Salaries Expense 21200
Cash 21200
Oct 31 Office Supplies 600
Cash 600
Oct 31 Cash 29400
Fee Earned 29400

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