Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in...
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Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order o journal entries presented in the previous question.) Cash 12/5 12/8 12/9 12/19 12/23 Accounts Receivable 12/23 Supplies 12/23 Prepaid Insurance 90 300 750 60 3000 1000 1250 12/15 12/16 12/23 12/23 12/28 12/8 < V 50 600 1250 800 500 300 Notes Payable Common Stock Dividends 12/28 Service Revenue Utilities Expense Salaries and Wages Expense 12/23 500 800 12/5 12/23 WW 150 4000 Answer: (a) General Journal Account Titles Date Dec. No journal entry required. 5 Cash...........…..... Unearned Service Revenue.... Service Revenue...... 8 Cash.................. Accounts Receivable...... 9 Cash.......... Unearned Service Revenue.... 15 Accounts Payable........ 16 Accounts Payable...... 19 Cash... Cash...... Cash............. Unearned Service Revenue.. 23 Cash................... Accounts Receivable..... Service Revenue.... 23 Supplies....... ******* Cash.... 23 Salaries and Wages Expense..... Cash............. 28 Dividends.......... Cash.......... Debit ******** 90 60 .... 300 ********* 750 50 Credit 600 3,000 1,000 60 1,250 150 500 ..... 300 750 50 ... 600 ....... 4,000 ............. 1,250 800 60 800 500 Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order o journal entries presented in the previous question.) Cash 12/5 12/8 12/9 12/19 12/23 Accounts Receivable 12/23 Supplies 12/23 Prepaid Insurance 90 300 750 60 3000 1000 1250 12/15 12/16 12/23 12/23 12/28 12/8 < V 50 600 1250 800 500 300 Notes Payable Common Stock Dividends 12/28 Service Revenue Utilities Expense Salaries and Wages Expense 12/23 500 800 12/5 12/23 WW 150 4000 Answer: (a) General Journal Account Titles Date Dec. No journal entry required. 5 Cash...........…..... Unearned Service Revenue.... Service Revenue...... 8 Cash.................. Accounts Receivable...... 9 Cash.......... Unearned Service Revenue.... 15 Accounts Payable........ 16 Accounts Payable...... 19 Cash... Cash...... Cash............. Unearned Service Revenue.. 23 Cash................... Accounts Receivable..... Service Revenue.... 23 Supplies....... ******* Cash.... 23 Salaries and Wages Expense..... Cash............. 28 Dividends.......... Cash.......... Debit ******** 90 60 .... 300 ********* 750 50 Credit 600 3,000 1,000 60 1,250 150 500 ..... 300 750 50 ... 600 ....... 4,000 ............. 1,250 800 60 800 500
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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