The Cameron Copy-Quick Company was recently set up by Joseph Cameron. The business' transactions during October, the

Question:

The Cameron Copy-Quick Company was recently set up by Joseph Cameron. The business' transactions during October, the first month of operations, are given:

image text in transcribed

Required:
a Set up the following general ledger T-accounts (and account numbers): Cash (101), GST Paid (108), Office Supplies (105), Prepaid Insurance (106), Land (110), Building (112), Copy Equipment (114), Office Furniture (118), Accounts Payable (201), Mortgage Payable (220) and J. Cameron, Capital (301).
b Record the preceding transactions in a general journal.
c Post the journal entries to the general ledger accounts and determine the ending account balances.
d Prepare a trial balance.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

Question Posted: