skip 5 last one unadjusted trial balance do rest thanks All Journals and General
ID: 2551373 • Letter: S
Question
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:
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.
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.
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.
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.
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.
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.
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.
5. Prepare a trial balance.
If an amount box does not require an entry, leave it blank.
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.Explanation / Answer
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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