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General Ledger Cash Account No. 111 Post. Balance Date Item Ref. Debit Credit Debit Credit 20xx...

General Ledger
Cash Account No. 111
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20xx
Balance
June
Accounts Receivable Account No. 113
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance    —  
June    —  
   —  
   —  
   —  
Office Supplies Account No. 115
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance    —  
June    —  
   —  
Pre-paid Rent Account No. 117
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance    —  
June    —  
   —  
Pre-paid Insurance Account No. 118
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance    —  
June    —  
Office Equipment Account No. 144
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance    —  
June    —  
   —  
   —  
Accumulated Depreciation - Office Equipment Account No. 145
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance
June
Office Furniture Account No. 146
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance    —  
June    —  
Office Furniture - Accumulated Depreciation Account No. 147
Post. Balance
Date Item Ref. Debit Credit Debit Credit
20XX
Balance    —  
June    —  

The May 31, 20XX, post-closing trial balance for the L&L Accounting Firm appears below.

During June, the firm engaged in the following transactions:

1        Received an investment of cash from J. Long, $8,000.

3        Purchased office equipment with cash, $2,000.

4        Received office equipment transferred to the firm from J. Long, $1,800

7        Purchased extra office supplies with cash, $190

9        Completed bookkeeping services for Elliott Electric Company that amounted to $1,400

10      Paid the receptionist in cash for two weeks’ wages, $1,600

13      Paid the amount due to Office Depot for the office equipment purchased last month, $750

14      Accepted an advance in cash for services to be done for a new client, $2,200

15      Purchased a copier (office equipment) from Office Depot for $2,400, paying $400 in cash and agreeing to pay the rest in equal amounts over the next six months.

16      Performed consulting services and received a cash fee, $1,650.

17      Received payment on account from Sally’s Salon for services performed last month, $3,200.

18      Paid amount due for the telephone bill that was received and recorded at the end of May, $260.

19      Performed consulting services for Sally’s Salon and agreed to accept payment next month, $4,600.

20      Performed bookkeeping services for cash, $780.

23      Received and paid the utility bill for June, $340.

24      Paid the secretary for two weeks’ wages, $1,600.

27      Paid the rent for July in advance, $2,000.

28      Received the telephone bill for June, which is to be paid next month, $220.

30      Paid cash to J. Long as a withdrawal for personal expenses, $1,750.

I need to know how to fill out a general ledger for assets with the information provided above.

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Expert Solution

ekkarill92 answered 1 year ago
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