FREE Trial

In the ledger you would use J1, J2, J3 etc. for the post reference number showing which

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

Question:

In the ledger you would use J1, J2, J3 etc. for the post reference number showing which journal and page number you got the information. Then you go back to the journal and fill in the account number from the ledger where you posted it. Finally, prepare an unadjusted trial balance.

ASSETS Current Assets 100 Cash 111 Accounts Receivable 117 Materials BACKYARD FUN AND GAMES 118 Work in Process 119 Finished

Backyard Fun and Games Schedule of Accounts Receivable (Accounts Receivable Customer Balances) January 1, 2021 Backyard Game

Backyard Fun and Games Schedule of Accounts Payable (Accounts Payable Creditor Balances January 1, 2021 Hardware For All Lumb

Cash Accounts Receivable Materials Work in Process Finsihed Goods Backyard Fun and Games Trial Balance January 1, 2021 Equipm

Jan 2 Paid rent for the month, $4,000 total, 85% for space devoted to manufacturing the products, 15% for office space. 2 Pai

10 Paid $400 for advertising for the rest of the month. 10 Paid Lumber Unlimited $6,950 in payment of the December 31 balance

Received an order for 3 large Falling Orbs and 2 Medium Falling Orbs from Fun For All Backyard Games. Set up job 128. Began w

Account Cash Date 2021 Jan 1 Beginning Balance v Item Account Accounts Receivable Post. Ref. Date 2021 Jan 1 Beginning Balanc

Account Materials Date 2021 Jan 1 Beginning Balance v Item Account Work in Process Post. Ref. Date 2021 Jan 1 Beginning Balan

Account Finished Goods Date 2021 Jan 1 Beginning Balance v Item Account Equipment Date 2021 Jan 1 Beginning Balance v Item Po

Account Employees Federal Income Tax Payable Date 2021 Jan 1 Beginning Balance v Account FICA Tax Payable Item Date Post. 20

Account Salaries Payable Date 2021 Account Frank Thompson, Capital Date 2021 Date 2021 Jan 1 Beginning Balance v Account Fran

Account Factory Overhead Date 2021 Account Advertising Expense Date 2021 Date 2021 Account Salaries Expense Item Date 2021 It  
 
 
 
 
 
 
 
 
 
 
 

Transcribed Image Text:

ASSETS Current Assets 100 Cash 111 Accounts Receivable 117 Materials 118 Work in Process 119 Finished Goods BACKYARD FUN AND GAMES LIABILITIES Property, Plant & Equipment 150 Equipment 151 Accumulated Depreciation - Equip Chart of Accounts Current Liabilities 210 Accounts Payable 214 Employee's Federal Income Tax Payable 215 FICA Tax Payable 217 FUTA Tax Payable 218 SUTA Tax Payable 219 Salaries Payable OWNERS' EQUITY 310 Frank Thompson, Capital 311 Frank Thompson, Drawing REVENUE 410 Sales COST OF GOODS SOLD (COGS) 510 Cost of Goods Sold 511 Factory Overhead OPERATING EXPENSES 610 620 650 670 685 Advertising Expense Salaries Expense Rent Expense Payroll Tax Expense Utilities Expense ASSETS Current Assets 100 Cash 111 Accounts Receivable 117 Materials 118 Work in Process 119 Finished Goods BACKYARD FUN AND GAMES LIABILITIES Property, Plant & Equipment 150 Equipment 151 Accumulated Depreciation - Equip Chart of Accounts Current Liabilities 210 Accounts Payable 214 Employee's Federal Income Tax Payable 215 FICA Tax Payable 217 FUTA Tax Payable 218 SUTA Tax Payable 219 Salaries Payable OWNERS' EQUITY 310 Frank Thompson, Capital 311 Frank Thompson, Drawing REVENUE 410 Sales COST OF GOODS SOLD (COGS) 510 Cost of Goods Sold 511 Factory Overhead OPERATING EXPENSES 610 620 650 670 685 Advertising Expense Salaries Expense Rent Expense Payroll Tax Expense Utilities Expense

Expert Answer:


answer-question-section
Related Book For  answer-question
Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books
Posted Date:
See More Questions

Students also viewed these accounting questions

Focus On IELTS CDs 1 And 2 1st Edition - ISBN: 1408239159 - Free Book