College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Textbook Question
Chapter 3, Problem 1PA
The chart of accounts of the Barnes School is shown here, followed by the transactions that took place during October of this year.
Required
Record these transactions in the general journal, including a brief explanation for each entry. If you are using working papers, number the journal pages 31 and 32.
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Chapter 3 Solutions
College Accounting (Book Only): A Career Approach
Ch. 3 - A __________ is a book in which business...Ch. 3 - Transferring information from the journal to the...Ch. 3 - For a journal entry to be complete, it must...Ch. 3 - The __________ is used to determine where the...Ch. 3 - Prob. 5QYCh. 3 - A 250 payment for salaries expense was incorrectly...Ch. 3 - Prob. 1DQCh. 3 - How does the journal differ from the ledger?Ch. 3 - What is the purpose of providing a ledger account...Ch. 3 - List by account classification the order of the...
Ch. 3 - Arrange the following steps in the posting process...Ch. 3 - Prob. 6DQCh. 3 - Prob. 7DQCh. 3 - In the following two-column journal, the capital...Ch. 3 - Decor Services completed the following...Ch. 3 - Montoya Tutoring Service completed the following...Ch. 3 - Prob. 4ECh. 3 - Arrange the following steps in the posting process...Ch. 3 - The bookkeeper for Nevado Company has prepared the...Ch. 3 - Determine the effect of the following errors on a...Ch. 3 - Journalize correcting entries for each of the...Ch. 3 - The chart of accounts of the Barnes School is...Ch. 3 - Laras Landscaping Service has the following chart...Ch. 3 - Following is the chart of accounts of Sanchez...Ch. 3 - The chart of accounts of Ethan Academy is shown...Ch. 3 - Leanders Landscaping Service maintains the...Ch. 3 - Following is the chart of accounts of Smith...Ch. 3 - Why Does It Matter? ECOTOUR EXPEDITIONS, INC.,...Ch. 3 - What Would You Say? You are the new bookkeeper for...Ch. 3 - What Do You Think? You work as an accounting...Ch. 3 - What Would You Do?
You are responsible for...Ch. 3 - Prob. 1CP
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- The chart of accounts of Ethan Academy is shown here, followed by the transactions that took place during December of this year. Required Record these transactions in the general journal, including a brief explanation for each entry. If you are using working papers, number the journal pages 31 and 32.arrow_forwardSage Learning Centers was established on July 20 to provide educational services. The services provided during the remainder of the month are as follows: Instructions 1. Journalize the transactions for July, using a single-column revenue journal and a two-column general journal. Post to the following customer accounts in the accounts receivable ledger and insert the balance immediately after recording each entry: D. Chase; J. Dunlop; F. Mintz; T. Quinn; K. Tisdale. 2. Post the revenue journal and the general journal to the following accounts in the general ledger, inserting the account balances only after the last postings: 3. a. What is the sum of the balances of the customer accounts in the subsidiary ledger at July 31? b. What is the balance of the accounts receivable controlling account at July 31? 4. Assume Sage Learning Centers began using a computerized accounting system to record the sales transactions on August 1. What are some of the benefits of the computerized system over the manual system?arrow_forwardOn the printed "Worksheet" page, record the information from the "Transactions" page and total of each column at the end of August.arrow_forward
- Use the following excerpts from the year-end Adjusted Trial Balance to prepare the four journal entries required to close the books:arrow_forwardSage Learning Centers was established on July 20 to provide educational services.The services provided during the remainder of the month are as follows:July 21. Issued Invoice No. 1 to J. Dunlop for $115 on account.22. Issued Invoice No. 2 to K. Tisdale for $350 on account.24. Issued Invoice No. 3 to T. Quinn for $85 on account.25. Provided educational services, $300, to K. Tisdale in exchange for educationalsupplies.27. Issued Invoice No. 4 to F. Mintz for $225 on account.30. Issued Invoice No. 5 to D. Chase for $170 on account.30. Issued Invoice No. 6 to K. Tisdale for $120 on account.31. Issued Invoice No. 7 to T. Quinn for $105 on account.Instructions1. Journalize the transactions for July, using a single-column revenue journal and atwo-column general journal. Post to the following customer accounts in the accountsreceivable ledger and insert the balance immediately after recording each entry:D. Chase; J. Dunlop; F. Mintz; T. Quinn; K. Tisdale.2. Post the revenue journal and the…arrow_forwardThe following selected accounts and normal balances existed at year-end. Record the journal entries required to close the booksarrow_forward
- The following selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books:arrow_forwardSage Learning Centers was established on July 20, 2016, to provide educational services. The services provided during the remainder of the month are as follows: Instructions 1. Journalize the transactions for July, using a single-column revenue journal and a two-column general journal. Post to the following customer accounts in the accounts receivable ledger, and insert the balance immediately after recording each entry: D. Chase; J. Dunlop; F. Mintz; T. Quinn; K. Tisdale. 2. Post the revenue journal and the general journal to the following accounts in the general ledger, inserting the account balances only after the last postings: 3. a. What is the sum of the balances of the customer accounts in the subsidiary ledger at July 31? b. What is the balance of the accounts receivable controlling account at July 31? 4. Assume Sage Learning Centers began using a computerized accounting system to record the sales transactions on August 1. What are some of the benefits of the computerized system over the manual system?arrow_forwardThe following selected transactions were completed by Niles Co. during March of the current year: Instructions Journalize the entries to record the transactions of Niles Co. for March.arrow_forward
- In the following two-column journal, the capital letters represent where parts of a journal entry appear. Write the numbers 1 through 8 on a sheet of paper. After each number, match the capital letter where these items appear with the number of the item. (Not all letters will be used.) 1. Year 2. Month 3. Explanation 4. Title of account debited 5. Ledger account number of account credited 6. Amount of debit 7. Day of the month 8. Title of account creditedarrow_forwardBased on the data presented in Exercise 6-23, journalize the closing entriesarrow_forwardThe following accounts and normal balances existed at year-end. Make the four journal entries required to close the books:arrow_forward
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