journalizing and posting purchases transactions using a general journal 11-1 Application ProblemTransactionsCOADecember Transactions:Dec.Bought store supplies on account from Daniels Supply, $153.00. M85.6Returned merchandise to Mason Molds, $107.00. DM23.Returned merchandise to Harris Paints, $129.00. DM24.9Bought office supplies on account from Office Zone, $292.00. M86.Journalize the transactions for Holiday Ceramics during December of the current year. Use page 12 of a general journal. Source documents areabbreviated as follows: memorandum, M; debit memorandum, DM.PAGE 12GENERAL JOURNALDATEACCOUNT TITLEDOC. NO. POST. REF.DEBITCREDIT1233445588 plication Problem6105 Advertising Expense1210 Accumulated Depreciation-Office Equipment6110 Cash Short and Over1215 Store Equipment6120 Depreciation Expense-Office Equipment1220 Accumulated Depreciation-Store Equipment6125 Depreciation Expense-Store EquipmentLIABILITIES6130 Insurance Expense2110 Accounts Payable6135 Miscellaneous Expense2120 Sales Tax Payable6145 Rent Expense6150 Salary ExpenseEQUITY6160 Supplies Expense3110 Capital Stock6165 Uncollectible Accounts Expense3120 Paid-in Capital in Excess of Par6170 Utilities Expense3130 Retained Earnings6200 Income Tax Expense3140 Dividends3150 Income SummarySubsidiary LedgersAccounts Receivable LedgerAccounts Payable Ledger210 Daniels Supply110 Bearden Chemicals220 Harris Paints120 Lenny Stanford230 Mason Molds130 Skinner College240 Office Zone250 Smith SupplyJournalize the transactions for Holiday Ceramics during December of the current year. Use page 12 of a general journal. Source documabbreviated as follows: memorandum, M; debit memorandum, DM.PAGE 12

Journal Entries Date Particulars Doc no Post Ref Debit Credit 2-Dec Store supplies Dr M85…

December Transactions: Dec. Bought store supplies on account from Daniels Supply, $153.00. M85. Returned merchandise to Mason Molds, $107.00. DM23. 7 Returned merchandise to Harris Paints, $129.00. DM24. Bought office supplies on account from Office Zone, $292.00. M86.

December Transactions: Dec. Bought store supplies on account from Daniels Supply, $153.00. M85. Returned merchandise to Mason Molds, $107.00. DM23. 7 Returned merchandise to Harris Paints, $129.00. DM24. Bought office supplies on account from Office Zone, $292.00. M86.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter11: Accounting For Transactions Using A General Journal

Section11.1: Accounting For Purchases Transactions Using A General Journal

Problem 1OYO

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