Several transactions that occurred during December 2013, the first month of operation for Boley's Accounting Services, follow. The company uses the general ledger accounts listed below.
INSTRUCTIONS
Record the transactions in the general journal (page 1) and post to the appropriate accounts.

DATE TRANSACTIONS
Dec. 3 Richard Boley began business by depositing $15,000 cash into a business checking account.
4 Purchased a computer for $1,200 cash.
5 Purchased furniture and fixtures on account for $4,000.
6 Purchased office equipment for $1,095 cash.
10 Rendered services to client and sent bill for $1,300.
11 Purchased office supplies for $450.
15 Received invoice for furniture purchased on December 5 and paid it.
Analyze:
Describe the activity for account 202 during the month.

Transcribed Image Text:

Cash Accounts Receivable Office Supplies Computers Office Equipment 151 202 301 401 101 Furniture & Fixtures Accounts Payable Richard Boley, Capital Fees Income 121 131 141