Beckett Realty, Inc., had the following transactions for the month of December 2012.
Dec 2 Paid Rent Expense, $1,400.
4 Performed service for a customer and received cash, $1,200.
8 Purchased supplies on account, $900.
11 Received cash from credit customers on account, $1,100.
15 Sold an additional $10,000 of Common Stock.
19 Paid $150 on account.
27 Performed service for customers on account, $1,800.
28 Made a payment on the Notes Payable, $3,500.

The following T-accounts have been set up, for Beckett Realty, Inc., with their beginning balances as of December 1, 2012.

Requirements
1. Journalize the transactions for the month of December. Explanations are not required.
2. Post the journal entries to the appropriate T-accounts. Identify all items by date.
3. Calculate the balance of each account at December 31, 2012.
4. Prove that the total of all the debit balances equals the total of all of the credit balances by preparing a trial balance at December 31,2012.

Transcribed Image Text:

Cash Accounts Payable 211 Dec 2,000 Dec 1 6,000 Accounts Receivable 1 Notes Payable 212 Dec1 14,000 Dec 1 4,100 Common Stock 311 113 Supplies 300 Dec 1 31,900 Dec 1 Service Revenue 411 Dec1 4.300 Office Furniture 114 Dec1 2,300 Rent Expense 511 Building 116 Dec 1 1.500 Dec 1 38,000