Rapid Pick Up & Delivery, Inc., was organized January 1, 1999. Its chart of accounts is as

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Rapid Pick Up \& Delivery, Inc., was organized January 1, 1999. Its chart of accounts is as follows:

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a. Prepare general ledger accounts for all these accounts except Retained Earnings. The Retained Earnings account has a beginning balance of zero and maintains this balance throughout the period.

b. Journalize the transactions given for January 1999 in the general journal.

c. Post the journal entries to three-column ledger accounts.

d. Prepare a trial balance as of January 31, 1999.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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