The journal of Alumet Defensive Driving for July 2014 is below.

Required
1. Describe each transaction.
2. Set up T-accounts using the following account numbers: Cash, #1000; Accounts Receivable, #1200; Supplies, #1400; Accounts Payable, #2000; Tomas Misheal, Capital, #3000; Service Revenue, #4000; Advertising Expense, #5100; Rent Expense, #5600; Fuel Expense, #5800.
3. Post to the T-accounts. Identify each transaction by date. You may write the account numbers as posting references directly in the journal in your book unless directed otherwise by your instructor. Compute the balance in each account after posting.
4. Prepare Alumet Defensive Driving's trial balance at July 31, 2014.

Transcribed Image Text:

Journal Page 5 Date Post. Account Titles and Explanations 2014 Ref. Debit Credit July 2 Cash 5,600 Tomas Misheal, Capital Supplies Accounts Payable 5,600 54 54 11 Accounts Receivable 1,620 Service Revenue 1,620 14 Rent Expense Cash 1,400 1,400 280 22 Cash Accounts Receivable Advertising Expense 280 25 590 Cash 590 27 Accounts Payable 54 Cash 54 Fuel Expense Accounts Payable 31 564 564