Rapid Pick Up & Delivery, Inc., was organized January 1, 2012. Its chart of accounts is as

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Rapid Pick Up & Delivery, Inc., was organized January 1, 2012. 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 y throughout the period.

b. Journalize the transactions given for January 2012 in the general journal.

c. Post the journal entries to ledger accounts.

d. Prepare a trial balance as of January 31, 2012.

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Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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