In December 2019, Mike Mills opened a miniature golf course to cater for the summer holiday tourists

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In December 2019, Mike Mills opened a miniature golf course to cater for the summer holiday tourists and completed the transactions below during its first month of operations. For the sake of simplicity, GST is ignored.

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Required

(a) Prepare general journal entries to record the December transactions.

(b) Post the entries from the general journal to running balance general ledger accounts and enter the posting references in the journal.

(c) Prepare a trial balance as at 31 December 2019.
The following transactions took place in January.

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Required

(d) Prepare journal entries to record the January transactions.

(e) Post the entries to the ledger.

(f) Prepare a trial balance as at 31 January 2020.

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Accounting

ISBN: 9780730363224

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie

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