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Explanation General Ledger Accounts Payable Ref. Debit Credit Balance

Explanation General Ledger Accounts Payable Ref. Debit Credit Balance

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.3E
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Pls do the one that says “Enter the opening balances in the ledger accounts as at October 1, Write balance..” too with the send one using the templates Thank you!
Date Date Date Explanation Explanation Explanation General Ledger Accounts Payable Ref. General Ledger Cash Ref. Accouonts Recievable Debit Supplies Ref. Debit Debit Credit Credit Credit Balance No. Balance No. No. Balance Date General Journal Account Titles and Explanations Ref. Debit Credit
Transcribed Image Text:Date Date Date Explanation Explanation Explanation General Ledger Accounts Payable Ref. General Ledger Cash Ref. Accouonts Recievable Debit Supplies Ref. Debit Debit Credit Credit Credit Balance No. Balance No. No. Balance Date General Journal Account Titles and Explanations Ref. Debit Credit
Enter the opening balances in the ledger accounts as at October 1. Write "Balance" in the expla- nation space and insert a check mark (✓) in the reference column. Provision should be made for the following additional accounts: No. 306 Jane Kent, Drawings, No. 426 Laundry Revenue, No. 726 Salaries Expense, and No. 732 Utilities Expense. Journalize the transactions. Post to the ledger accounts. Prepare a trial balance as at October 31, 2003. The October transactions were as follows: Oct. 5 Received $800 cash from customers on account. 10 Billed customers for services performed, $5,500. 15 Paid employee salaries, $1,200. 17 Performed $400 of services for customers who paid in advance in August. 20 Paid $1,600 to creditors on account. 22 Received $200 for services provided for cash (i.e., not on account). 26 Purchased supplies on account, at a cost of $300. 29 Withdrew $500 for personal use. 31 Paid utilities, $600.
Transcribed Image Text:Enter the opening balances in the ledger accounts as at October 1. Write "Balance" in the expla- nation space and insert a check mark (✓) in the reference column. Provision should be made for the following additional accounts: No. 306 Jane Kent, Drawings, No. 426 Laundry Revenue, No. 726 Salaries Expense, and No. 732 Utilities Expense. Journalize the transactions. Post to the ledger accounts. Prepare a trial balance as at October 31, 2003. The October transactions were as follows: Oct. 5 Received $800 cash from customers on account. 10 Billed customers for services performed, $5,500. 15 Paid employee salaries, $1,200. 17 Performed $400 of services for customers who paid in advance in August. 20 Paid $1,600 to creditors on account. 22 Received $200 for services provided for cash (i.e., not on account). 26 Purchased supplies on account, at a cost of $300. 29 Withdrew $500 for personal use. 31 Paid utilities, $600.
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