Explain General Journal, Ledger and trial balance.

Q: Present entries to record the selected transactions described below.

A: Given: Issue of the bond = $ 2,750,000 Bond rate = 8 % Carried value = $ 2,692,250

Q: Prepare the Following Journal Entries Ledger Trial Balance Income Statement Balance Sheet…

A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…

Q: Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (

A: Given:

Q: Required: Prepare the journal entries, T accounts and trial balance for this business.

A:

Q: Explain how to prepare adjusted trial balance.

A: An adjusted trial balance is an internal document that summarizes all of the current balances…

Q: You are reguired to prepare the journal entries to record all the transactione

A: Share capital refers to the capital which is raised by the issue of shares. it is an amount that is…

Q: (using the above information) how do you fill out the general ledger?

A: All of the Accounts that have been established based on transactions recorded in various journals…

Q: A. Pass Journal Entries B. Prepare Ledger Accounts

A: Journal entry is the entry which is recorded at the time of transaction and is recorded on the…

Q: From the below adjusted entry journal construct an adjusted trial balance (see original trial…

A: Adjusted Trial balance is prepared after posting all the adjustments into general ledger accounts.

Q: When is the general journal used in a manual accounting information system? Provide some examples of…

A: Accounting information system collects, records, stores and processes accounting data to produce…

Q: Following is the General Journal for Hammad and Co. You are required to prepare the General Ledger…

A: The ledger contains the summary of financial transactions of the business entity and it is used to…

Q: prepare a trial balance asap

A: Trial balance in the shows summary of all general ledger account balances in the business.

Q: Transform the raw data into an ordered trial balance. Then pass adjusting entries in pure journal…

A: Adjusting entries are entries that are prepared at the end of the period in order to accurately…

Q: The order of the steps in the recording process is: O post to the ledger, journalize and analyze. O…

A: In accounting, the recording process starts with analyzing the transactions about the nature, the…

Q: What is the ledger? How to make a ledger out of the trial balance given below?

A: Ledgers are prepared in form of T accounts, which shows classification of journal entries posted.…

Q: Give its Post Posting Trial  Balance

A: Trial balance means a statement which include all the debit or credit balances of accounts from…

Q: LEDGER ENTRIES - ADJUSTING JOURNAL ENTRIES

A: Adjusting journal entries are the entries which a company records at the end of the period in order…

Q: write a note on/define general journal, Ledger and trial balance. with explanation?

A: General journal, Ledger and trial balance all are the part of accounting system. Accounting is a…

Q: What is a book of original entry O ledger O jounral trial balance Obalance sheet

A: A book of original entry is an accounting book in which day-to-day business transactions of…

Q: Describe a ledger and a chart of accounts

A: T-account: The condensed form of a ledger is referred to as T-account. The left-hand side of this…

Q: Prepare a ledger, trial balance, and prepare adjusting entries

A: The following points are to be kept in mind while preparing entries, ledger and trial balance: 1.…

Q: Make a general ledger for each account title from the general journal below.

A: Journal means the book of prime entry where all entries are recorded in different pages. Ledger…

Q: What arehe Post Reference for the Ledger entries

A: Ledgers - Ledgers are the columnar form of journal entries. All the transactions after are recorded…

Q: Give its general ledger and financial statements

A: General Ledger

Q: General Ledger

A: General Ledger -: In Accounting, a general ledger, moreover realized as a nominal ledger, is a…

Q: Journalize the entry or entries that should be made by the company. Refer

A:

Q: al entry, t-accounts, trial balance, and balance sheet

A: Transactions are first recorded in journal entries which affect two ledgers and then transferred to…

Q: Write up the Journal and Ledger entries in the books of both the parties.

A:

Q: Journals and Ledgers

A: A journal is a book in which all financial transactions are recorded for a particular period.…

Q: Show the closing entries and post-close trial balance

A: Closing entries: These entries are passed to close the revenues, expenses, income/loss and any…

Q: What is the journal entry, posting and trial balance of this?

A: In recording accounting transactions, there are three main steps of accounting cycle. Journal,…

Q: Required: Identify book of prime entries. Prepare the specialized journal Prepare the subsidiary's…

A: Journal is Book of Prime entry because all business transactions are recorded first in Journal Book.…

Q: journal entry of the transaction

A: Journal entry is the primary entry to record a transaction.

Q: can u please make transaction summary table, general journal, general ledger and unadjusted trial…

A: Financial statements consists of the following:- Statement of Financial position; Income Statement;…

Q: What type of journal entry system is applied when accounting follows IFRS?

A:

Q: how the requisite journal entries to correct the balance.

A: Here to made the correction entry to clear the suspense account which was incurred shortage due to…

Q: The purpose of the post-closing trial balance is to a. provide the account balances for the…

A: Solution: The purpose of Post closing trial balance is to "ensure that the ledger is in balance for…

Q: Is Warehouse included in a post closing trial balance?

A: All balance sheet accounts with non-zero balances at the conclusion of an accounting cycle are…

Q: Make income statement , retained earnings and balance sheet from trial balance.

A: The income statement of a firm includes the revenue and expenses. If the revenue is greater than the…

Q: For each account, indicate whether it appears in the general ledger or the subsidiary ledger.

A: General Ledger:  It is a process of summarizing all the financial transactions of an account for a…

Q: Post to general ledger

A: General ledger is the ledger book in which all the respective accounts of parties as well as the…

Q: Determine the difference in the following terms: posting, closing, balancing, journalizing.

A: Posting transactions: The process of transferring the journalized transactions into the accounts of…

Q: What information is entered in the Posting Reference column of the journal as an amount is posted to…

A: General ledger: General ledger is a record of all accounts of assets, liabilities, and stockholder's…

Q: What notations are entered into the Posting Reference column of a ledger account?

A: A ledger account is prepared in a T shape. It has column of debit and credit. The ledger accounts…

Q: Post this journal to ledgers then trial balance. Please use column format for ledgers, not T account…

A: A ledger is a log or list of accounts that keeps track of account transfers. A trial balance's main…

Q: What is a sub-ledger

A: Sub - ledger means as follows