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File Edit View History Bookmarks Window Help in @ newconnect.mheducation.com Ch 4 -Ex. 2, 3, 6,7 thru 15 h 4-Ex. 2,3,6,7 thru 15 Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have no General ncel, Capital Acct. No. 301 DateR Debit Credit Balance 79,000 aries Expense ate May 31 PR Debit Credit Balance May 31 G2 39,500 M. Munce1, Withdravals Acet. No. 302 PR Debit credit Balance 53,000 Insurance Expense Date May 31 Acct. No. 637 DatePR Debit Credit Balance ellook May 31 3,640 Acct. No. 01 Rent Expense Acct. No 640 DatePRDebit Credit Balance DatePR Debit Credit Salance Print May 31 139.198 ay 31 G2 7,880 Lation Expense DateP Acet. No. 603 Income Sunmary pebit credit balance 14,000 Acct. No. 901 DatePR Debit Credit Balance May 31 s from the above ledger accounts 2. Post the date entries from Requirement 1 to the General Ledger accounts below. Use the transaction number from Re Complete this questions by entering your answers in the tabs below. Required 1 Required 2 C Prev 1 of 12i Next>

Explanation / Answer

TR General Journal Debit Credit 1) Service revenue 139,198 Income summary 139,198 2) income summary 65,020 Depreciation expense 14,000 Salaries expense 39,500 Insurance expense 3,640 Rent expense 7,880 3) income summary 74,178 M.Muncel,capital 74,178 4) M.Muncel,capital 53,000 M.Muncel,withdrawals 53,000

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