The chart of accounts for Outback Guide Service follows. Instructions 1. In your working papers, open an
Question:
The chart of accounts for Outback Guide Service follows.
Instructions
1. In your working papers, open an account in the general ledger for each account in the chart of accounts.
2. Record the following transactions on page 1 of the general journal.
3. Post each journal entry to the appropriate accounts in the ledger.
4. Prove the ledger by preparing a trial balance.
Transcribed Image Text:
General Ledger 101 Cash in Bank 301 Juanita Ortega, Capital 302 Juanita Ortega, Withdrawals 401 Guide Service Revenue 501 Advertising Expense 115 Accts. Rec.-Podaski Systems Inc. 140 Computer Equipment 145 Hiking Equipment 150 Rafting Equipment 205 Accts. Pay-Peak Equipment Inc. 207 Accts. Pay. Premier Processors
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