4-R Recycling Problem: Journalizing transactions and posting to a general ledger LC3, 4, 5, 6 Courtney Jerrold owns a service business called Repair It Now. Repair It Now's general ledger accounts are given in the Recycling Problem Working Papers Transactions: Feb. 1. Received cash from owner as an investment, $5,500.00. R1. 3. Received cash from sales, $900.00. 13. 5. Paid cash for supplies, $400.00. CI. 6. Sold services on account to Cindy West, $280.00. S1. 9. Paid cash for miscellaneous expense, $50.00.C2. 11. Paid cash for rent, $600.00.C3. 13. Bought supplies on account from Chandler Supplies, $240.00. M1. 13. Received cash from sales, $430.00. T13. 16. Paid cash for advertising, $143.00. C4. 18. Paid cash for electric bill, $230.00.C. 20. Paid cash on account to Chandler Supplies, $140.00.06. 20. Received cash on account from Cindy West, $150.00. R2. 25. Paid cash for supplies, $150.00.07. 27. Received cash from sales, $2,100.00. T27. 27. Paid cash for supplies, $80.00.C8. 28. Received cash from sales, $110.00. T28. 28. Paid cash to owner for a withdrawal of equity, $500.00.09. Instructions: 1. Open an account for Utilities Expense. Use the three-digit numbering system described in the chapter. 2. Journalize the transactions completed during February of the current year. Use page 1 of a journal. Source documents are abbreviated as follows: check, C, memorandum, M; receipt, R; sales invoice; S; calculator tape, T. 3. Prove the journal. 4. Prove cash. The beginning cash balance on February 1 is zero. The balance on the next unused check stub is $6,897.00. 5. Rule the journal. 6. Post from the journal to the general ledger. 4-R Recycling Problem: Journalizing transactions and posting to a general ledger LC3, 4, 5, 6 Courtney Jerrold owns a service business called Repair It Now. Repair It Now's general ledger accounts are given in the Recycling Problem Working Papers Transactions: Feb. 1. Received cash from owner as an investment, $5,500.00. R1. 3. Received cash from sales, $900.00. 13. 5. Paid cash for supplies, $400.00. CI. 6. Sold services on account to Cindy West, $280.00. S1. 9. Paid cash for miscellaneous expense, $50.00.C2. 11. Paid cash for rent, $600.00.C3. 13. Bought supplies on account from Chandler Supplies, $240.00. M1. 13. Received cash from sales, $430.00. T13. 16. Paid cash for advertising, $143.00. C4. 18. Paid cash for electric bill, $230.00.C. 20. Paid cash on account to Chandler Supplies, $140.00.06. 20. Received cash on account from Cindy West, $150.00. R2. 25. Paid cash for supplies, $150.00.07. 27. Received cash from sales, $2,100.00. T27. 27. Paid cash for supplies, $80.00.C8. 28. Received cash from sales, $110.00. T28. 28. Paid cash to owner for a withdrawal of equity, $500.00.09. Instructions: 1. Open an account for Utilities Expense. Use the three-digit numbering system described in the chapter. 2. Journalize the transactions completed during February of the current year. Use page 1 of a journal. Source documents are abbreviated as follows: check, C, memorandum, M; receipt, R; sales invoice; S; calculator tape, T. 3. Prove the journal. 4. Prove cash. The beginning cash balance on February 1 is zero. The balance on the next unused check stub is $6,897.00. 5. Rule the journal. 6. Post from the journal to the general ledger