Several transactions that occurred during December 2019, the first month of operation for Wilner'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 Charles Wilner began business by depositing $25,000 cash into a business checking account.
4 Purchased a computer for $2,500 cash.
5 Purchased furniture and fixtures on account for $7,500.
6 Purchased office equipment for $2,800 cash.
10 Rendered services to client and sent bill for $3,200.
11 Purchased office supplies for $1,050 in cash.
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:

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