I need 1-5 on problem 5-5B All journals and General ledger; Trial balance OBJ.2

Question

I need 1-5 on problem 5-5B All journals and General ledger; Trial balance

OBJ.2 The transactions completed by AM Express Company during March 2016, the first month of the fiscal year, were as follows PR 5-5B All journals and general ledger; trial balance 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 Mar. 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.

Explanation / Answer

2)

Journal Entry for the transactions will be as follows: Date Account Debit Credit 1-Mar Rent Expense $2,450.00 Cash $2,450.00 2-Mar Vehicles $26,900 Accounts Payable $26,900 3-Mar Office Equipment $1,570 Accounts Payable $1,570 5-Mar Accounts Receivables $7,000 Unearned Fees Revenue $7,000 (Assuming invoice raised for service to be performed) 6-Mar Cash $7,950 Unearned Fees Revenue $7,950 7-Mar Accounts Receivables $9,840 Unearned Fees Revenue $9,840 9-Mar Fuel Expense $820 Cash $820 10-Mar Cash $10,000 Account Receivables $10,000 10-Mar Accounts Payable $450 Cash $450 10-Mar Accounts Payable $1,890 Cash $1,890 11-Mar Accounts Receivables $7,200 Unearned Fees Revenue $7,200 11-Mar Accounts Payable $415 Cash $415 12-Mar Cash $7,000 Accounts Receivables $7,000 13-Mar Accounts Payable $26,900 Cash $26,900 16-Mar Unearned Fees Revenue $26,800 Fee Earned $26,800 16-Mar Vehicle $28,500 Cash $28,500 17-Mar Miscellaneous Administrative Expenses $4,680 Cash $4,680 18-Mar Maintenance Supplies $2,430 Accounts Payable $2,430 18-Mar Cash $900 Rent Revenue $900 19-Mar Maintenance Supplies $2,640 Office Supplies $1,500 Account Payable $4,140 20-Mar Advetising Exepense $8,590 Cash $8,590 20-Mar Maintenance Supplies Expense $4,400 Maintenance Supplies $4,400 21-Mar Office Supplies $990 Accounts Payable $990 24-Mar Accounts Receivables $9,200 Unearned Fee Revenue $9,200 25-Mar Cash $14,000 Accounts Receivables $14,000 25-Mar Accounts Receivables $6,300 Unearned Fee Revenue $6,300 26-Mar Accounts Payable $1,570 Cash $1,570 27-Mar J.Wu. Drawing $4,000 Cash $4,000 30-Mar Driver Salaries Expenses $33,300 Cash $33,300 31-Mar Office Salaries Exepense $21,200 Cash $21,200 31-Mar Office Supplies $600 Cash $600 16-Mar Unearned Fees Revenue $29,400 Fee Earned $29,400

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