Beckett Realty, Inc., had the following transactions for the month of December 2012.
Dec 2 Paid Rent Expense, $1,400.
4 Performed service for a customer and received cash, $1,200.
8 Purchased supplies on account, $900.
11 Received cash from credit customers on account, $1,100.
15 Sold an additional $10,000 of Common Stock.
19 Paid $150 on account.
27 Performed service for customers on account, $1,800.
28 Made a payment on the Notes Payable, $3,500.

The following T-accounts have been set up, for Beckett Realty, Inc., with their beginning balances as of December 1, 2012.

1. Journalize the transactions for the month of December. Explanations are not required.
2. Post the journal entries to the appropriate T-accounts. Identify all items by date.
3. Calculate the balance of each account at December 31, 2012.
4. Prove that the total of all the debit balances equals the total of all of the credit balances by preparing a trial balance at December 31,2012.

  • CreatedApril 29, 2014
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