Journal Entries

Transactio

n No$.$

A Dr$.$

$Cr.$

B Dr$.$

$Cr.$

Dr$.$

Dr$.$

$Cr.$

C Dr$.$

$Cr.$

D $Dr.$

$Cr.$

E Dr$.$

$Cr.$

$Cr.$

F Dr$.$

$Cr.$

G Dr$.$

$Cr$

H Dr$.$

$Cr$

$1$ Dr$.$

$Cr.$

J Dr$.$

$Cr.$

K Dr$.$

$Cr.$

$Cr.$

L Dr$.$

$Cr.$

Dr$.$

$Cr.$

M Dr$.$

$Cr.$

N Dr$.$

Dr$.$

Dr$.$

$Cr.$

O Dr$.$

$Cr.$

P Dr$.$

$Cr.$

Dr$.$

$Cr.$

R Dr$.$

$Cr.$

S Dr$.$

$Cr.$Instructions:

Prepare the journal entries for transactions A$-$T below and record them on the "Journal Entries" tab.

Once you have created the journal entries, post them to the $"$T$-$Accounts" tab.

Prepare journal entries for adjusting journal entries $1-6.$

Post the adjusting entries to the correct T$-$Accounts in the $"$T$-$Accounts" tab.

Transaction No$.$ Transaction

A January $1$: Pane receives rent for the $2$ years from a tenant who rents one of their empty warehouses.

Total Rent Received

B January $11$: Pane sells window panes to customers. Some customers paid in cash, others purchased their goods on

account. Pane uses the perpetual method to track their inventory.

C February $12$: Pane purchased a one year insurance policy with coverage beginning on March $1.$

D March $27$: Pane purchases inventory on account to make stained glass windows. The goods were purchased under the

shipping terms of FOB shipping point.