Tonys Precision Computer Centre is picking up in business, so he has decided to expand his bookkeeping

Question:

Tony’s Precision Computer Centre is picking up in business, so he has decided to expand his bookkeeping system to a general journal/ledger system. The balances from June have been forwarded to the ledger accounts in the Excel templates in MyLab Accounting.


Assignment
1. Use the chart of accounts provided in Chapter 2 (page 90) to record the transactions illustrated by the following documents:


2. Post all transactions to the general ledger accounts. (The Prepaid Rent account No. 1025 has been added to the chart of accounts.)
3. Prepare a trial balance for July 31, 2022.
4. Prepare the financial statements for the three months ended July 31, 2022.

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780135222416

14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

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