Jim Andrews opened a delivery business in March. He rented a small office and has a part-time assistant. His trial balance shows accounts for the first three months of business.

Andrews’ transactions for the month of June are as follows:

REQUIRED

1. Set up general ledger accounts by entering the balances as of June 1.

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2. Journalize the transactions for June in a two-column general journal. Use the following journal pages: June 1–10, page 7; June 11–20, page 8; June 21–30, page 9.

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3. Post the entries to the general ledger.

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4. Prepare a trial balance.
 

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Transcribed Image Text:

Jim's Quick Delivery Trial Balance May 31, 20 -- ACCOUNT NO. ACCOUNT TITLE DEBT BALANCE CREDIT BALANCE 3826 00 1 2 12 00 6 48 00 2 100 00 8 000 00 Cash 101 Accounts Receivable 122 Office Supplies Office Equipment Delivery Truck Accounts Payable Jim Andrews, Capital Jim Andrews, Drawing 142 181 185 6 000 00 4 478 00 202 311 1800 00 312 9 880 00 Delivery Fees Wages Expense Advertising Expense Rent Expense 401 1200 00 90 00 900 00 126 00 98 00 60 00 1 86 00 112 00 20 358 00 511 512 521 Telephone Expense Clectricty Expense Charitable Contributions Expense Gas and 01 Expense Miscellaneous Expense 525 533 534 538 549 20 35 8 00 Jim's Quick Delivery Trial Balance May 31, 20 -- ACCOUNT NO. ACCOUNT TITLE DEBT BALANCE CREDIT BALANCE 3826 00 1 2 12 00 6 48 00 2 100 00 8 000 00 Cash 101 Accounts Receivable 122 Office Supplies Office Equipment Delivery Truck Accounts Payable Jim Andrews, Capital Jim Andrews, Drawing 142 181 185 6 000 00 4 478 00 202 311 1800 00 312 9 880 00 Delivery Fees Wages Expense Advertising Expense Rent Expense 401 1200 00 90 00 900 00 126 00 98 00 60 00 1 86 00 112 00 20 358 00 511 512 521 Telephone Expense Clectricty Expense Charitable Contributions Expense Gas and 01 Expense Miscellaneous Expense 525 533 534 538 549 20 35 8 00

Answer rating: 100% (QA)

Step 1 of 8 A 2 PREPARE JOURNAL ENTRIES FOR JA BUSINESS June 1 to June 10 GENERAL JOURNAL Page 7 POS... View the full answer