Enter dollar amounts for each journal entry below, and note how the spreadsheet is designed to automatically update the ledger and trial balance that follows, as is typical in a computerized accounting environment. GENERAL JOURNAL Page 1 Date Accounts Debit Credit Jan. 5 Cash - Capital Stock - Issued $100,000 in capital stock for cash Jan. 7 Accounts Receivable - Service Revenue - Provided $39,000 services on account Jan. 9 Wage Expense - Cash - Paid wages of $10,000 Jan. 10 Land - Loan Payable - - Purchased land by obtaining a $50,000 loan Jan. 12 Cash - Accounts Receivable - Collected $24,000 on account receivable Jan. 18 Dividends - Cash - Paid a $1,000 dividend CASH Date Description Debit Credit Jan. 5 Journal Page 1 - - - Jan. 9 Journal Page 1 - - - Jan. 12 Journal Page 1 - - - Jan. 18 Journal Page 1 - - - ACCOUNTS RECEIVABLE Date Description Debit Credit Jan. 7 Journal Page 1 - - - Jan. 12 Journal Page 1 - - - LAND Date Description Debit Credit Jan. 10 Journal Page 1 - - - LOAN PAYABLE Date Description Debit Credit Jan. 10 Journal Page 1 - - - CAPITAL STOCK Date Description Debit Credit Jan. 5 Journal Page 1 - - - SERVICE REVENUE Date Description Debit Credit Jan. 7 Journal Page 1 - - - WAGE EXPENSE Date Description Debit Credit Jan. 9 Journal Page 1 - - - DIVIDENDS Date Description Debit Credit Jan. 18 Journal Page 1 - - - "ACE COMPANY Trial Balance January 31, 20XX" Debits Credits Cash $- $- Accounts receivable - - Land - - Loan payable - - Capital stock - - Service revenue - - Wage expense - - Dividends - - $- $-

AutoSave Off Quick Demonstration of Automatic Posting (1) - Protected View G6 File Home Insert Page Layout Formulas Data Review View Help O PROTECTED VIEW Be carefulfiles from the Internet can contain viruses Unless you need to edit afer to stay Vix fx D E 6 HI B Enter dollar amounts for each journal entry below, and note how the spreadsheet is designed to automatically update the ledger and trial balance that follows, as is typical in a computerized accounting environment. 1 2 3 GENERAL JOURNAL Date Accounts Page 1 4 Debit Credit + 5 Jan. 5 Cash 6 Capital Stock Issued $100,000 in capital stock for cash 7 GO 9 Jan. 7 Accounts Receivable 10 Service Revenue Provided $39,000 services on account 11 12 13 Jan. 9 Wage Expense 14 Cash Paid wages of $10,000 15 Problem Koudy Type here to search O AutoSave I Quick Demonstration of Automatic Posting (1) - Protected View Search de Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW Beetlestrom the consumed forced G6 A 8 D F HI 10 17 Jan. 10 Land 18 Loan Payable Purchased land by obtaining $50,000 loan 19 20 21 Jan, 12 Cash 22 Accounts Receivable Collected $24.000 on account 23 receivable 24 25 Jan. 18 Dividends Cash 02 Pald a $1,000 vnd 27 28 29 20 31 Debit Credit CASH Date Description Jan 5 Journal Page 1 Problem wy Type here to search AutoSave 100 Ou Demonstration of Automatic ting (1) Hotected View Search File Home Insert Page Layout Formulas Data Review View Help PROTECTIO VIEW Beetrom the Internetan.com Used to detected G6 A CASH 31 Date Debit Credit Description 33 Jan Journal Page 1 34 Jan. Journal Page 1 35 Jan, 12 Journal Page 1 Jan. 18 Journal Page 1 37 28 ACCOUNTS RECEIVABLE 19 Description 41 Jan. 7 Journal Page 1 12 Jan 12 Jornal Page 1 40 Date Debit Credit 53 4 LAND Description Jan. 10 Journal Page 1 5 Date Debit Credit 47 an 49 Problem Type to search o O es o Esc FI O Demon of Atomoting Pow. Seachta He Home Insert Page Layout Formulas Data Review View Help POTCHO VIEW Indone and withoed is GS c LOAN PAYABLE Description Jan. 10 Journal Page 1 Date Debit Credit 56 56 CAPITAL STOCK Description s Jan Journal Page 1 Date Debit Credit 00 11 00 SERVICE REVENUE 64 Date Description Jan Jurnal Page 1 Debit Credit WAGE EXPENSE Date Description Problem Debit Credit Type here to search O a CO EBC - X G A Denon Amico (1) Preced File Home Insert Page Layout Formulas Dula Review View Help PROTECHD VW Beacouri 06 C D 14 75 DIVIDENDS Date Description T Jan 11 Journal Page 1 Debit Credit TB ACE COMPANY Trial Balance January 31, 20XX Debits Credits Accounts receivable Land Loen peable Capital Service PERLE WAR PER Didendi Problem L Typewne torch o 3 X C Ne $ 4 & 7 3 2 cha 5 6 8 9 3 Q Y U o