# 1. Posting to the General Ledger
General ledger's
This comprehensive review probinm requires you to complete the accounting cyde for kich's Accoureing Service twice. This practice set allows you to review Chapters \& - 6 while reinforcing the felatioachips betweer al parts of the accounting cycle. Ey cempleting. two cycles, you will sec how the ending lune balonces in the ledger are uned to acturfulute dita in duly. On June 1, 201x, pich opened on accounting services office caled Eichts Accounten Senice. The foliowirg vansactions were comoleted for the month of Jone lune 1 Rich invested 579.000 cash in the busiess weng with 95000 of olfice ceupmant. June 1 Ferted an oftlice and pold throe month rent in advance to Fredericls Fropetir Mavyeement, Check 10001 - $4500 June 1 Boutht an autemobie on accourt frem Norm's Automotive, 527,000 . Junt 4 Purchaced ortice supples from Clfice Depot an acesuat, 5290 June 5 Purchisd addeonal cilice sugpfies tren Otice Depoc. Paid cah, Oreck roopt - 578. June 12 Paid danice, oftice sncretarr, two wecla sulerf. Check e0006-52.000 June 18 Provided accountine senvices to Mindy's Dress shop, 58 so0, Farmers te be focelutd en luly 9 th. June 20 Fith withirew $2,000 from the trsinessto pag perional eapeists beck mo005- 52.505 Jine 21 Periormed accounting senvites for caden, inc. collected 52.500 cash June 22 Paid a gasoline bill to Arco, Check tooot-595 June 25 Pald Norm's Automotive for automoble repain, Chedk sosor- 8535 . June 26 dune 27 Pald harice, offick vecretary two weels salury. Check acoos - 52.000 tune 29 Puid June telephone his to veriznn, Check 200093525 June 20 RECUIRED WORK ROR IUNE 1. Journalue trantaction and pont to Gearralledetr 2. Prepare a trial balance in the first fwo columis of a blak werishert form Conglete the woidaheet based on the following adjustrent data: a. One month's rent, $1500 has expired b. An inventory of offise wupples shiows there is 575 remaising on hand. c. Depacciation on the office equement is 5209 b. Depreciation on the putambbic is \&25 July toth. Her satary o s2,000 every two weels isjocher tmi 4. Journalite the adjusting ertiles and port them to the Gencral Ledger 5. Joumalize the recessery clesing entries and post theim to the Geoeral teeger. 6. Prepare a port-closine trial bobnce. ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT 122 \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{1}{|c|}{ Date } & Explanation & Post & \multicolumn{2}{|c|}{ Entries } & \multicolumn{2}{|c|}{ Balance } \\ \cline { 6 - 8 } & & Ref. & Deblt & Credit & Deblt & Credit \\ \hline 201X & & & & & & \\ \hline June & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ SALARIES PAYABLE } & \multicolumn{2}{|c|}{212} \\ \hline Date & Explanation & Post & Ref. & Doblt & Credit & Debit & Credit \\ \hline 207x & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline \end{tabular} INCOME SUMMARY 313 ACCOUNTING SERVICE FEES 411 GAS EXPENSE 513 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Date } & Explanation & PostRef. & \multicolumn{2}{c|}{ Entries } & \multicolumn{2}{|c|}{ Balance } \\ \hline \multicolumn{2}{|c|}{ Dofit } & & & Credit & Debit & Credit \\ \hline June & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} General Journal Date This comprehensive review problem requires you to coniplete the accouneing cyde for fich's Accounting Service twice. Ths practice set allowe you to review Chapters 1.6 while reintorcing the relotionships between al parts of the accounting cycle. By eompleting two cycles, rou will see how the ending June balances in the ledger are ised to accurnulate data in luly. On June 1, 20IX, Rkch opened an acccunting services office coled Bhch's Accounting Serice. The following transactions were comolicted for the month of sune. june 1 lane 1 fone 1 dune June 5 Jufie 6 June 8 Jhe 12 dune 18 June 20 June 21 June 22 June 25 June 26 lune 27 func 29 hure 20 Fich mverted 519,099 cash in the burinent wlong with 95, cag of ollice coupment. Aented ah office and paid thece mosths rent in advance to Fredericks Property Moregement, Oneck ro001 - 54.500 Boveh an autemobile en accourt trom Normis Automotive, $27,000. Furchared office supples from Office Depot on aceount, scion. Purchosed addtional cilire supplies trom Qtice Depot. Pald cash Oned r oxo2 - 575. Performed accoanting services for Jilien kirby, Collected 53,500 cast. Psid a gasolne bill to Arco. Check r0003 - 597 , Paid fanice, affice sectetary, two weels gelary. Check 10004 - $2000 Provided accounting services to Mindy's Dress Shop. 58.500 . Payment to be receled on july 9 th Fich whidew 32500 frem the tisiness to pay pesonal expesses. Oheck eo0os- 52son Perlormed occountine servicen for Caden, ine. Colltctrd 52,500 caak Paida gasoline bil to Arco. Chack tooob-5es. Paid Normix Automotve for automobile repairk, Check c0007- 5675 Paid larice, office sectetary, two weeks sslary. Chck apoos - 52000 Provided accounting renvices to Saph Company 57.502 . Payment te be receied on Lhy 19th. Paid June telephone bill to Verizon. Check 10005 . 5525 REQUIRED WORK FOR IUNE Joumalice transacticns and pout to Genemel Ledget. Prepare a trial balance in the first two columns of a blank worlsheet form. Conglete tha werlaheet bared on the following adjustment dasa: a. One month's rent, 52.502 , has expired b. An inventory of officersupples shows there in 575 rersaining os hand. c. Qeprecietion on the offict raulpment is 5 sue d. Depecciation on the automobile is 5750 . e. Ianice has worked Munday, June 29th and Tuesdy. Ame Johy but is ast scheoded to be paid until Iridyy. 3. Predare June finandal stabements, An income 5tatement, Statement of Cvicers tquity and Salance Sheet. 4. 5. journalife the adjunting entries and post them to the Gerieral Ledge. Joufnalie the necessary closing entries and pott them to the Geoeral Itsiger. 6. Prepare a post-closeze trial telance. This comprehensive review probinm requires you to complete the accounting cyde for kich's Accoureing Service twice. This practice set allows you to review Chapters \& - 6 while reinforcing the felatioachips betweer al parts of the accounting cycle. Ey cempleting. two cycles, you will sec how the ending lune balonces in the ledger are uned to acturfulute dita in duly. On June 1, 201x, pich opened on accounting services office caled Eichts Accounten Senice. The foliowirg vansactions were comoleted for the month of Jone lune 1 Rich invested 579.000 cash in the busiess weng with 95000 of olfice ceupmant. June 1 Ferted an oftlice and pold throe month rent in advance to Fredericls Fropetir Mavyeement, Check 10001 - $4500 June 1 Boutht an autemobie on accourt frem Norm's Automotive, 527,000 . Junt 4 Purchaced ortice supples from Clfice Depot an acesuat, 5290 June 5 Purchisd addeonal cilice sugpfies tren Otice Depoc. Paid cah, Oreck roopt - 578. June 12 Paid danice, oftice sncretarr, two wecla sulerf. Check e0006-52.000 June 18 Provided accountine senvices to Mindy's Dress shop, 58 so0, Farmers te be focelutd en luly 9 th. June 20 Fith withirew $2,000 from the trsinessto pag perional eapeists beck mo005- 52.505 Jine 21 Periormed accounting senvites for caden, inc. collected 52.500 cash June 22 Paid a gasoline bill to Arco, Check tooot-595 June 25 Pald Norm's Automotive for automoble repain, Chedk sosor- 8535 . June 26 dune 27 Pald harice, offick vecretary two weels salury. Check acoos - 52.000 tune 29 Puid June telephone his to veriznn, Check 200093525 June 20 RECUIRED WORK ROR IUNE 1. Journalue trantaction and pont to Gearralledetr 2. Prepare a trial balance in the first fwo columis of a blak werishert form Conglete the woidaheet based on the following adjustrent data: a. One month's rent, $1500 has expired b. An inventory of offise wupples shiows there is 575 remaising on hand. c. Depacciation on the office equement is 5209 b. Depreciation on the putambbic is \&25 July toth. Her satary o s2,000 every two weels isjocher tmi 4. Journalite the adjusting ertiles and port them to the Gencral Ledger 5. Joumalize the recessery clesing entries and post theim to the Geoeral teeger. 6. Prepare a port-closine trial bobnce. ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT 122 \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{1}{|c|}{ Date } & Explanation & Post & \multicolumn{2}{|c|}{ Entries } & \multicolumn{2}{|c|}{ Balance } \\ \cline { 6 - 8 } & & Ref. & Deblt & Credit & Deblt & Credit \\ \hline 201X & & & & & & \\ \hline June & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ SALARIES PAYABLE } & \multicolumn{2}{|c|}{212} \\ \hline Date & Explanation & Post & Ref. & Doblt & Credit & Debit & Credit \\ \hline 207x & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline \end{tabular} INCOME SUMMARY 313 ACCOUNTING SERVICE FEES 411 GAS EXPENSE 513 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Date } & Explanation & PostRef. & \multicolumn{2}{c|}{ Entries } & \multicolumn{2}{|c|}{ Balance } \\ \hline \multicolumn{2}{|c|}{ Dofit } & & & Credit & Debit & Credit \\ \hline June & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} General Journal Date This comprehensive review problem requires you to coniplete the accouneing cyde for fich's Accounting Service twice. Ths practice set allowe you to review Chapters 1.6 while reintorcing the relotionships between al parts of the accounting cycle. By eompleting two cycles, rou will see how the ending June balances in the ledger are ised to accurnulate data in luly. On June 1, 20IX, Rkch opened an acccunting services office coled Bhch's Accounting Serice. The following transactions were comolicted for the month of sune. june 1 lane 1 fone 1 dune June 5 Jufie 6 June 8 Jhe 12 dune 18 June 20 June 21 June 22 June 25 June 26 lune 27 func 29 hure 20 Fich mverted 519,099 cash in the burinent wlong with 95, cag of ollice coupment. Aented ah office and paid thece mosths rent in advance to Fredericks Property Moregement, Oneck ro001 - 54.500 Boveh an autemobile en accourt trom Normis Automotive, $27,000. Furchared office supples from Office Depot on aceount, scion. Purchosed addtional cilire supplies trom Qtice Depot. Pald cash Oned r oxo2 - 575. Performed accoanting services for Jilien kirby, Collected 53,500 cast. Psid a gasolne bill to Arco. Check r0003 - 597 , Paid fanice, affice sectetary, two weels gelary. Check 10004 - $2000 Provided accounting services to Mindy's Dress Shop. 58.500 . Payment to be receled on july 9 th Fich whidew 32500 frem the tisiness to pay pesonal expesses. Oheck eo0os- 52son Perlormed occountine servicen for Caden, ine. Colltctrd 52,500 caak Paida gasoline bil to Arco. Chack tooob-5es. Paid Normix Automotve for automobile repairk, Check c0007- 5675 Paid larice, office sectetary, two weeks sslary. Chck apoos - 52000 Provided accounting renvices to Saph Company 57.502 . Payment te be receied on Lhy 19th. Paid June telephone bill to Verizon. Check 10005 . 5525 REQUIRED WORK FOR IUNE Joumalice transacticns and pout to Genemel Ledget. Prepare a trial balance in the first two columns of a blank worlsheet form. Conglete tha werlaheet bared on the following adjustment dasa: a. One month's rent, 52.502 , has expired b. An inventory of officersupples shows there in 575 rersaining os hand. c. Qeprecietion on the offict raulpment is 5 sue d. Depecciation on the automobile is 5750 . e. Ianice has worked Munday, June 29th and Tuesdy. Ame Johy but is ast scheoded to be paid until Iridyy. 3. Predare June finandal stabements, An income 5tatement, Statement of Cvicers tquity and Salance Sheet. 4. 5. journalife the adjunting entries and post them to the Gerieral Ledge. Joufnalie the necessary closing entries and pott them to the Geoeral Itsiger. 6. Prepare a post-closeze trial telance
