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1. 10 transactions to journalization. 5.00 50 2. Post the 20 accounts to the general ledger 1.50 30 3. Unadjusted Trial Balance. 20 (1 pt
1. 10 transactions to journalization. | 5.00 | 50 | ||
2. Post the 20 accounts to the general ledger | 1.50 | 30 | ||
3. Unadjusted Trial Balance. | 20 | |||
(1 pt off per error on statement) | TOTAL | 100 | ||
Required Journal Entries: | ||||
1-Mar | The owner of KJO Withholdings invested $75,000 cash into the company. | |||
2-Mar | The company purchased $2,725 worth of supplies on account. | |||
5-Mar | The company purchased equipment worth $5,700 on account. | |||
12-Mar | Paid 24 months insurance in advance for $4,500 cash. | |||
15-Mar | Received $8,525 cash for services rendered to WBR Inc. | |||
17-Mar | The company billed D&T Automotive $5,520 for services rendered. | |||
20-Mar | Received a downpayment of $3,570 cash for work to be performed next month from WBR Inc. | |||
25-Mar | The owner withdrew $2,000 for personal use. | |||
29-Mar | Paid $430 for the company electric bill. | |||
31-Mar | Received half the amount owed for the work done on March 17. | |||
General Journal | ||||
Date | Account | PR | Dr | Cr |
Week 2 | ||||
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