Post the journal to the ledger, extending the account balance to the appropriate balance column after each
Fantastic news! We've Found the answer you've been seeking!
Question:
- Post the journal to the ledger, extending the account balance to the appropriate balance column after each posting.
Transcribed Image Text:
PS Music Journal entries Date Page 1 1-Jul 1-Jul 1-Jul 3-Jul Account Cash Common Stock 2-Jul Cash 5-Jul Office Rent Expense Cash 8-Jul Prepaid Insurance Cash Accounts Receivable 3-Jul Accounts Payable Cash Cash Unearned Revenue 4-Jul Miscellaneous Expense Cash Office Equipment Accounts Payable Advertising Expense Cash 11-Jul Cash Fees Earned 13-Jul Equipment Rent Expense Cash 14-Jul Wages Expense Cash Page 2 16-Jul Cash Fees Earned 18-Jul Supplies Accounts Payable 21-Jul Music Expense Cash 22-Jul Advertising Expense Cash 23-Jul Cash Accounts Receivable Fees Earned 27-Jul Utilities Expense Cash 28-Jul Wages Expense Cash 29-Jul Miscellaneous Expense Cash 30-Jul Cash Accounts Receivable Fees Earned 31-Jul Cash Fees Earned 31-Jul Music Expense Cash 31-Jul Dividends Cash Post Ref Debit J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 $ 5,000 $ 1,750 es $ $ 1,000 es $ $ $ es $ 900 $ es $ es $ es $ 700 $ es $ is $ $ 850 $ es es $ es e 2,700 $ 750 $ 1,750 10 7,200 $ 250 es $ 7,500 es 200 $ 1,000 1,200 2,000 $ 500 620 800 $ 1,000 915 1,200 540 3,000 1,400 1,250 Credit $ 5,000 es $ $ 2,700 $ es $ 7,200 $ $ $ $ $ is $ $ $ es $ $ es $ $ V $ 1,750 $ $ es 1,000 $ 250 900 7,500 200 1,000 700 1,200 2,000 $ 1,200 850 620 800 2,500 $ 1,500 915 540 3,000 1,400 1,250 PS Music Journal entries Date Page 1 1-Jul 1-Jul 1-Jul 3-Jul Account Cash Common Stock 2-Jul Cash 5-Jul Office Rent Expense Cash 8-Jul Prepaid Insurance Cash Accounts Receivable 3-Jul Accounts Payable Cash Cash Unearned Revenue 4-Jul Miscellaneous Expense Cash Office Equipment Accounts Payable Advertising Expense Cash 11-Jul Cash Fees Earned 13-Jul Equipment Rent Expense Cash 14-Jul Wages Expense Cash Page 2 16-Jul Cash Fees Earned 18-Jul Supplies Accounts Payable 21-Jul Music Expense Cash 22-Jul Advertising Expense Cash 23-Jul Cash Accounts Receivable Fees Earned 27-Jul Utilities Expense Cash 28-Jul Wages Expense Cash 29-Jul Miscellaneous Expense Cash 30-Jul Cash Accounts Receivable Fees Earned 31-Jul Cash Fees Earned 31-Jul Music Expense Cash 31-Jul Dividends Cash Post Ref Debit J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J1 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 J2 $ 5,000 $ 1,750 es $ $ 1,000 es $ $ $ es $ 900 $ es $ es $ es $ 700 $ es $ is $ $ 850 $ es es $ es e 2,700 $ 750 $ 1,750 10 7,200 $ 250 es $ 7,500 es 200 $ 1,000 1,200 2,000 $ 500 620 800 $ 1,000 915 1,200 540 3,000 1,400 1,250 Credit $ 5,000 es $ $ 2,700 $ es $ 7,200 $ $ $ $ $ is $ $ $ es $ $ es $ $ V $ 1,750 $ $ es 1,000 $ 250 900 7,500 200 1,000 700 1,200 2,000 $ 1,200 850 620 800 2,500 $ 1,500 915 540 3,000 1,400 1,250
Expert Answer:
Answer rating: 100% (QA)
FourColumn Accounts Account Number 11 Date Item Jul 1 Jul 1 Jul 1 Jul 1 Jul 2 Jul 3 Jul 3 Jul 3 Jul ... View the full answer
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
Students also viewed these accounting questions
-
The transactions completed by PS Music during June 2014 were described at the end of Chapter 1. The following transactions were completed during July, the second month of the business's operations:...
-
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter....
-
In a safe place for future PS Music's chart of accounts and the balance of accounts as of July 1, 2019 (all normal balances), are as follows: 11 Cash $3,920 41 Fees Earned $6,200 12 Accounts...
-
True or False? Azure files can be accessed from anywhere in the world using a URL that points to the file. True False
-
VitaPup produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 13,000 bags in January, 14,900 bags in February 19,400 bags in Marchland 21,900 bags in April....
-
In Problems 1-5, evaluate each of the iterated integrals. 1. 2. 3. 4. 5. (9 x) dy dx (9 x2) dy d.x ry dy dx (ry2) dy dx (xy y2) dx dy
-
The alternate hypothesis for a goodness-of-fit test says that some of the probabilities differ from those specified by the null hypothesis. In Exercises 11 and 12, determine whether the statement is...
-
Arrington Company manufactures T- shirts printed with tourist destination logos. The following table shows sales prices and projected sales volume for the summer months: Prepare a sales budget for...
-
(2 points) The masses mi are located at the points Pi. Answer the following questions. = m1 6, m2 = 12, m3 = 6, and m4 = 12 P(3, 2), P2(6, 2), P3(4, 4), P(4, 3) 1. Find the moment My of the system...
-
An operations manager is trying to determine a production plan for the next week. There are three products (say, P, Q, and Q) to produce using four machines (say, A and B, C, and D). Each of the four...
-
Which of the four global strategies (International, Multidomestic, Global-Standardization, or Transnational strategy) is 3M using? Is this the best strategy for it to use? Why or why not?
-
Using X-rays with a wavelength of 0.1541 nm in an iron crystal with a bcc structure, the Bragg angle of the (110) plane is found as 0 = 22.350. a. Calculate the lattice constant of this structure....
-
Stock at 31 March 20X9 was 58,440.0 9.6A F Brown drew up the following trial balance as at 30 September 20X8. You are to draft the trading and profit and loss account for the year ended 30 September...
-
following: Let Use the Matlab functions tf() series() parallel() feedback() as needed to solve the G(s) Problem C.1 = C(s) Find the transfer function for R(S) Problem C.2 10 S + 2s + 10 Problem C.3...
-
A manufacturing company has the choice of two suppliers to buy a piece of equipment from to use in its process. Characteristics of these two suppliers and associated costs are tabulated below. The...
-
Scenario A theme park has a number of rides modelled by two classes: Ride and RollerCoaster. On a given ride each car has a capacity, and rides may be operational or not. A RollerCoaster is a ride...
-
In Figure 6.1, over time, at a price of P2: O Firms will enter the market O Economic profits equal zero O Total revenue exceeds average total cost Firms will exit the market
-
A woman at a point A on the shore of a circular lake with radius 2 mi wants to arrive at the point C diametrically opposite on the other side of the lake in the shortest possible A time. She can walk...
-
How are revenues and expenses reported on the income statement under? (a) The cash basis of accounting and (b) The accrual basis of accounting?
-
A building acquired at the beginning of the year at a cost of $1,450,000 has an estimated residual value of $300,000 and an estimated useful life of 10 years. Determine (a) The depreciable cost, (b)...
-
The following data (in millions) are taken from the financial statements of Target Corporation. a. For Target Corporation, determine the amount of change in millions and the percent of change (round...
-
What career opportunities exist in the taxation area?
-
Identify at least five types of managers who are internal users of accounting information.
-
What three-step guidelines can help people make ethical decisions?
Study smarter with the SolutionInn App