All journals and general ledger; trial balance
The transactions completed by Revere Courier Company during December 2016, the first month of the fiscal year, were as follows:
Dec. 1. Issued Check No. 610 for December rent, $4,500.
2. Issued Invoice No. 940 to Capps Co., $1,980.
3. Received check for $5,100 from Trimble Co. in payment of account.
5. Purchased a vehicle on account from Boston Transportation, $39,500.
6. Purchased office equipment on account from Austin Computer Co., $4,800.
6. Issued Invoice No. 941 to Dawar Co., $5,680.
9. Issued Check No. 611 for fuel expense, $800.
10. Received check from Sing Co. in payment of $4,850 invoice.
10. Issued Check No. 612 for $360 to Office To Go Inc. in payment of invoice.
10. Issued Invoice No. 942 to Joy Co., $2,140.
11. Issued Check No. 613 for $3,240 to Essential Supply Co. in payment of account.
11. Issued Check No. 614 for $650 to Porter Co. in payment of account.
12. Received check from Capps Co. in payment of $1,980 invoice of December 2.
13. Issued Check No. 615 to Boston Transportation in payment of $39,500 balance of
December 5.
16. Issued Check No. 616 for $40,900 for cash purchase of a vehicle.
16. Cash fees earned for December 1-16, $21,700.
17. Issued Check No. 617 for miscellaneous administrative expense, $600.
18. Purchased maintenance supplies on account from Essential Supply Co., $1,750.
19. Purchased the following on account from McClain Co.: maintenance supplies, $1,500; office supplies, $325.
20. Issued Check No. 618 in payment of advertising expense, $1,990.
20. Used $3,600 maintenance supplies to repair delivery vehicles.
23. Purchased office supplies on account from Office To Go Inc., $440.
24. Issued Invoice No. 943 to Sing Co., $6,400.
24. Issued Check No. 619 to S. Holmes as a personal withdrawal, $3,200.
25. Issued Invoice No. 944 to Dawar Co., $5,720.
25. Received check for $4,100 from Trimble Co. in payment of balance.
26. Issued Check No. 620 to Austin Computer Co. in payment of $4,800 invoice of December 6.
30. Issued Check No. 621 for monthly salaries as follows: driver salaries, $16,900; office salaries, $7,600.
31. Cash fees earned for December 17-31, $19,700.
31. Issued Check No. 622 in payment for office supplies, $310.
Instructions
1. Enter the following account balances in the general ledger as of December 1:
2. Journalize the transactions for December 2016, using the following journals similar to those illustrated in this chapter: cash receipts journal (p. 31), purchases journal (p. 37, with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts), single column revenue journal (p. 35), cash payments journal (p. 34), and two-column general journal (p. 1). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.
3. Post the appropriate individual entries to the general ledger.
4. Total each of the columns of the special journals, and post the appropriate totals to the general ledger; insert the account balances.
5. Prepare a trial balance.
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