þ. Post the journal entries in the ledger accounts on the next page for Sheila McFarlane, a lawyer,and take off a trial balance on the form provided.GENERAL JOURNALPAGEDATEPARTICULARSP.R.DEBITCREDIT20-Mar.4 00 010020 02 00 031 BankA/RJim ShearerSuppliesOffice EquipmentA/P-Elite EquipmentA/P-Legal PublishersBank LoanShella McFarlane, Capital1 00 0500300 02 700Apr.2 Bank60 060 0ARJim Shearer3 A/P-Elite EquipmentBank4 0 04005 Bank2l 5 025 0Fees Earned20 015 Sheila McFarlane, DrawingsBank20020 Bank2 00 o200 0Bank LoanGENERAL JOURNALPAGEDATE20-Apr.PARTICULARSP.R.DEBITCREDIT25 Repairs Expense5 0Bank5 026 Bank170Sheila MacFarlane, CapitalOffice Equipment4 2030 A/P-Legal PublishersBank5 005 00

The financial statements of the business includes the income statement and balance sheet of the firm…

GENERAL JOURNAL PAGE 1 PARTICULARS DATE 20- Mar. P.R. DEBIT CREDIT 31 Bank 4. 1000 2 0 0 2 00 A/RJim Shearer Supplies Office Equipment AP-Elite Equipment AP-Legal Publishers Bank Loan Shella McFarlane, Capital 1 00으 500 30 0 0 2700 Apr. 2 Bank ARJim Shearer 이 00 3 A/P-Elite Equipment Bank 400 5 Bank 25 0 - Fees Earned 5 0 20 0 - 15 Sheila McFarlane, Drawings Bank 20 이 20 Bank 2 000 2000 Bank Loan GENERAL JOURNAL PAGE DATE 20 Apr. PARTICULARS P.R. DEBIT CREDIT 25 Repairs Expense Bank 50 50 26 Bank Sheila MacFarlane, Capital Office Equuipment 20 30 APLegal Publishers Bank 500 00

GENERAL JOURNAL PAGE 1 PARTICULARS DATE 20- Mar. P.R. DEBIT CREDIT 31 Bank 4. 1000 2 0 0 2 00 A/RJim Shearer Supplies Office Equipment AP-Elite Equipment AP-Legal Publishers Bank Loan Shella McFarlane, Capital 1 00으 500 30 0 0 2700 Apr. 2 Bank ARJim Shearer 이 00 3 A/P-Elite Equipment Bank 400 5 Bank 25 0 - Fees Earned 5 0 20 0 - 15 Sheila McFarlane, Drawings Bank 20 이 20 Bank 2 000 2000 Bank Loan GENERAL JOURNAL PAGE DATE 20 Apr. PARTICULARS P.R. DEBIT CREDIT 25 Repairs Expense Bank 50 50 26 Bank Sheila MacFarlane, Capital Office Equuipment 20 30 APLegal Publishers Bank 500 00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 10PA: Prepare journal entries to record the following transactions. Create a T-account for Interest...

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