PR 2-3-1 - Journalize/Post/Trial Balance - Goldwin Financial Consulting Below is the chart of accounts for Goldwin Financial Consulting with the account balances for March 10 of the current year. 117,000 14,000 101 Cash 301 Common Stock 100,000 110 Accounts Receivable 320 Dividends -0- 21,000 1,500 120 Prepaid Insurance -0- 401 Fees Earned 130 Office Supplies 610 Advertising Expense 630 Salaries Expense 1,000 160 Land -0- 3,500 201 Accounts Payable 16,000 Instructions: 1. Journalize the transactions for March in a two-column journal beginning on Page 3. Journal entry explanations may be omitted. 2. In the General Ledger, open the T-accounts with the account name, number, and balance. (See GL tab below) 3. Post the journal entries to T-accounts, inserting appropriate posting references in the General Journal as each item is posted. After all transactions are posted, determine the account balances.

PR 2-3-1 - Journalize/Post/Trial Balance - Goldwin Financial Consulting Below is the chart of accounts for Goldwin Financial Consulting with the account balances for March 10 of the current year. 117,000 14,000 101 Cash 301 Common Stock 100,000 110 Accounts Receivable 320 Dividends -0- 21,000 1,500 120 Prepaid Insurance -0- 401 Fees Earned 130 Office Supplies 610 Advertising Expense 630 Salaries Expense 1,000 160 Land -0- 3,500 201 Accounts Payable 16,000 Instructions: 1. Journalize the transactions for March in a two-column journal beginning on Page 3. Journal entry explanations may be omitted. 2. In the General Ledger, open the T-accounts with the account name, number, and balance. (See GL tab below) 3. Post the journal entries to T-accounts, inserting appropriate posting references in the General Journal as each item is posted. After all transactions are posted, determine the account balances.

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Description: PR 2-3-1 - Journalize/Post/Trial Balance - Goldwin Financial ConsultingBelow is the chart of accounts for Goldwin Financial Consulting with the account balances for March 10 of the current year.117,00014,000101 Cash301 Common Stock100,000110 Account

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 2.7EX: Transactions Zenith Consulting Co. has the following accounts in its ledger: Cash, Accounts...

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