Question

The following transactions occurred in November 201X for A. Glover’s Placement Agency:
201X
Nov. 1 A. Glover invested $6,000 cash in the placement agency.
1 Bought equipment on account from Cinder Co., $2,100.
3 Earned placement fees of $2,000, but payment will not be received until December.
5 A. Glover withdrew $400 for his personal use.
7 Paid wages expense, $1,400.
9 Placed a client on a local TV show, receiving $5,000 cash.
15 Bought supplies on account from Holly Co., $400.
28 Paid telephone bill for November, $110.
29 Advertising bill from Shimmer Co. received but not paid, $800.
The chart of accounts for A. Glover Placement Agency is as follows:


Your tasks are to do the following:
a. Set up the ledger based on the chart of accounts.
b. Journalize (page 1) and post the November transactions.
c. Prepare a trial balance as of November 30,201X.


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  • CreatedApril 24, 2014
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