Question

In: Accounting

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.

Solutions

Expert Solution

ekkarill92 answered 9 months ago
Next > < Previous

Related Solutions

General Journal Date Description Post Ref Debit Credit April 1 Union Dues Payable 28 100.00 Cash...
General Journal Date Description Post Ref Debit Credit April 1 Union Dues Payable 28 100.00 Cash 11 100.00 April 15 Wages & Salaries “Expense” 8,310.00 FICA Taxes Payable - OASDI 515.22 FICA Taxes Payable – HI 120.50 FIT Payable 890.00 SIT Payable 166.20 Union Dues Payable 140.00 Cash 6,478.08 UNION DUES Payable                                         Account       28 Date Item Post Ref Debit Credit Balance Debit Credit April 1 Balance 100.00 April 1 GJ 1 100.00 April 15 Payable GJ 1 140.00...
JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2018 Apr. 1 Cash 20000 Accounts...
JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2018 Apr. 1 Cash 20000 Accounts receivable 14700 Supplies 3300 Office equipment 12000 Common stock 50000 (To record common stock issued) Apr. 1 Prepaid rent 6000 Cash 6000 (To record rent prepaid) Apr. 2 Prepaid insurance 4200 Cash 4200 (To record insurance prepaid) Apr. 4 Cash 9400 Unearned fees 9400 (To record advance collected from customers) Apr. 5 Office equipment 8000 Accounts payable 8000 (To record office equipment purchased on...
Part 1 JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2018 Apr. 1 Cash...
Part 1 JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2018 Apr. 1 Cash 20000 Accounts receivable 14700 Supplies 3300 Office equipment 12000 Common stock 50000 (To record common stock issued) Apr. 1 Prepaid rent 6000 Cash 6000 (To record rent prepaid) Apr. 2 Prepaid insurance 4200 Cash 4200 (To record insurance prepaid) Apr. 4 Cash 9400 Unearned fees 9400 (To record advance collected from customers) Apr. 5 Office equipment 8000 Accounts payable 8000 (To record office equipment...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 7,200 units, 4/5 completed 12,528 31 Direct materials, 129,600 units 168,480 181,008 31 Direct labor 49,490 230,498 31 Factory overhead 27,838 258,336 31 Goods finished, 131,400 units 249,372 8,964 31 Bal. ? units, 3/5 completed 8,964 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 24,000 units, 3⁄4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1⁄2 completed 115,500 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 4,800 units, 2/5 completed 11,232 31 Direct materials, 86,400 units 172,800 184,032 31 Direct labor 50,600 234,632 31 Factory overhead 28,456 263,088 31 Goods finished, 87,600 units 253,944 9,144 31 Bal. ? units, 3/5 completed 9,144 The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. a. Based on the...
Cash Date 2015 Explanation Ref Debit Credit Balance June 1 Balance 2,657 1 750 3,407 3...
Cash Date 2015 Explanation Ref Debit Credit Balance June 1 Balance 2,657 1 750 3,407 3 Check #600 625 2,782 3 Check #601 95 2,687 8 Check #602 56 2,631 9 1,050 3,681 13 Check #603 425 3,256 20 155 3,411 28 Check #604 297 3,114 28 110 3,224 PREMIER BANK Statement of Account—Cookie Creations Inc. June 30, 2018 Date Explanation Checks and Other Debits Deposits Balance May 31 Balance 3,256 June 1 Deposit 750 4,006 6 Check #600 625...
GENERAL JOURNAL Page 92     DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 20-- 1 2 Sept.  15   Accounts...
GENERAL JOURNAL Page 92     DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 20-- 1 2 Sept.  15   Accounts Payable, Jensen and Silva 212/✓ 291.50   2 3     Purchases Returns and Allowances 512 291.50   3 4         Credit memo no. 942 for return of merchandise. 4 5 5 Post the entry above to this general ledger account. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 212 DATE...
May1. Paid rent for May $ 5000 Date Description post ref Debit Credit MAY 1. RENT...
May1. Paid rent for May $ 5000 Date Description post ref Debit Credit MAY 1. RENT EXPENSE A/C Dr 531 5000 To CASH A/C    110 5000 May 3.Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000. Date Description post ref Debit Credit MAY 3. INVENTORY A/C Dr 115 36000 To ACCOUNTS PAYABLE A/C 210 36000 May 4: Paid freight on purchase of May 3, $600. Date Description post ref Debit Credit MAY 4. INVENTORY...
journal date particulars debit ($) credit ($) 2018   march 1 cash account debit 350000    margate...
journal date particulars debit ($) credit ($) 2018   march 1 cash account debit 350000    margate bank 350000 dec 1 cash account debit 150000 sundi bank     150000 dec 31 interest expense(margate )       debit 41250 to accrual interest 41250 dec 31 interest expense (sundi) debit 5500 to accrued interest   5500 dec 31 profit and loss account debit 46750 to interest expense ( 41250+5500)        46750 2019 jan 1 sundi bank account debit 10000 accrued interest    debit 5500...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT