Several transactions that occurred during December 20X1, the first month of operation for Richeys Accounting Services, follow.

Question:

Several transactions that occurred during December 20X1, the first month of operation for Richey’s Accounting Services, follow. The company uses the general ledger accounts listed below.


INSTRUCTIONS

Record the transactions in the general journal (page 1) and post to the appropriate accounts.


Table Summary: A list is shown in nine rows and two columns. Account names are shown in the first column and numbers in the second column.Cash 101

Accounts Receivable Office Supplies Computers Office Equipment Furniture & Fixtures Accounts Payable 111 121


Table Summary: Table has transaction dates from the month of December in first column and a description of the transactions in the second column.DATE TRANSACTIONS Dec. 3 Virginia Richey began business by depositing $75,000 cash into a business checking


Analyze: Describe the activity for account 202 during the month.

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Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 9781265647308

6th Edition

Authors: M. David Haddock, John Price, Michael Farina

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