All Journals and General Ledger; Trial Balance The transactions completed by AM Express Company during March, the first month of the fiscal year, were as follows: Mar. 1. Issued Check No. 205 for March rent, $2,450. 2. Purchased a vehicle on account from McIntyre Sales Co., $26,900. 3. Purchased office equipment on account from Office Mate Inc., $1,570. 5. Issued Invoice No. 91 to Ellis Co., $7,000. 6. Received check for $7,950 from Chavez Co. in payment of invoice. 7. Issued Invoice No. 92 to Trent Co., $9,840. 9. Issued Check No. 206 for fuel expense, $820. 10. 10. 10. 11. 11. 12. 13. 16. 66 16. Received check for $10,000 from Sajeev Co. in payment of invoice. Issued Check No. 207 to Office City in payment of $450 invoice. Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.. Issued Invoice No. 93 to Jarvis Co., $7,200. Issued Check No. 209 to Porter Co. in payment of $415 invoice. Received check for $7,000 from Ellis Co. in payment of March 5 invoice. Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2. Cash fees earned for March 1-16, $26,800. Issued Check No. 211 for purchase of a vehicle, $28,500. 13. 16. Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2. Cash fees earned for March 1-16, $26,800. 16. Issued Check No. 211 for purchase of a vehicle, $28,500. 17. 18. 18. 19. 20. 20. 21. Issued Check No. 212 for miscellaneous administrative expense, $4,680. Purchased maintenance supplies on account from Bastille Co., $2,430. Received check for rent revenue on office space, $900. Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500. Issued Check No. 213 in payment of advertising expense, $8,590. Used maintenance supplies with a cost of $4,400 to repair vehicles. Purchased office supplies on account from Office City, $990. 24. 25. 25. Issued Invoice No. 94 to Sajeev Co., $9,200. Received check for $14,000 from Chavez Co. in payment of invoice. Issued Invoice No. 95 to Trent Co., $6,300. 26. Issued Check No. 214 to Office Mate Inc. In payment of $1,570 invoice of March 3. 27. 30. Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000. Issued Check No. 216 in payment of driver salaries, $33,300. 31. Issued Check No. 217 in payment of office salaries, $21,200. payment or driver salaries, $33,300. 31. Issued Check No. 217 in payment of office salaries, $21,200. 31. Issued Check No. 218 for office supplies, $600. 31. Cash fees earned for March 17-31, $29,400. Required: 1. The following accounts are setup in the general ledger as of March 1. Using the information below, enter the balances for each account. 11 Cash 12 Accounts Receivable 14 Maintenance Supplies 15 Office Supplies $65,200 32 J. Wu, Drawing 31,950 41 Fees Earned 7,240 42 Rent Revenue 3,690 51 Driver Salaries Expense 16 Office Equipment 17,300 52 Maintenance Supplies Expense 17 Accum. Depr.-Office Equip. 4,250 53 Fuel Expense 18 Vehicles 62,400 61 Office Salaries Expense 19 Accum. Depr.-Vehicles 21 Accounts Payable 31 J. Wu, Capital 17,800 62 Rent Expense 2,755 63 Advertising Expense 162,975 64 Miscellaneous Administrative Exp. 2a. Journalize the transactions for March using the purchases journal (with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts: receivable subsidiary ledger have been made. 2a. Journalize the transactions for March using the purchases journal (with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If no entry is required, type "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. PURCHASES JOURNAL Accounts PAGE 37 Date Account Credited Post. Ref. Payable Cr. Maintenance Supplies Dr. Office Supplies Dr. Other Accounts Post. Amount Dr. Ref. 2b. Journalize the transactions for March using the cash receipts joumal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts 2b. Journalize the transactions for March using the cash receipts journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If an amount box does not require an entry, leave it blank. CASH RECEIPTS JOURNAL PAGE 31 Other Accounts Accounts Date Account Credited Post. Ref. Cash Dr. Cr. Receivable Cr. 26. Journalize the transactions for March using the single column.revenue.urnal. Assume that the daily postings to the individual accounts in the accounts payable.subsidiac.jedoec.and.the. 2c. Journalize the transactions for March using the single-column revenue journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. REVENUE JOURNAL PAGE 35 Date Invoice No. Account Debited Post. Ref. Accounts Rec. Dr. Fees Earned Cr. 2d. Journalize the transactions for March using the cash payments journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If an amount box does not require an entry, leave it blank. CASH PAYMENTS JOURNAL PAGE 34 2d. Journalize the transactions for March using the cash payments journal, Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If an amount box does not require an entry, leave it blank. CASH PAYMENTS JOURNAL PAGE 34 Date Ck. No. Account Debited Post. Ref. Other Accounts Accounts Payable Cash Cr. Dr. Dr. LUT 26. Journalize the transactions for March using the two-column general journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If an amount box does not require an entry, leave it blank. Date JOURNAL Description PAGE 1 Post. Ref. Debit Credit 2e. Journalize the transactions for March using the two-column general journal, Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If an amount box does not require an entry, leave it blank. Date JOURNAL Description PAGE 1 Post. Ref. Debit Credit 333 3. Post the appropriate individual entries to the general ledger. 4. Total each of the columns of the special journals, and post the appropriate totals to the general ledger, insert the account balances. If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with "3", Cash Receipts begin with "CR, Cash Payments with "CP, Revenue Journal begins with "" and Purchases Journal begins with "P". For example Journal/ Cash Receipts/ Cash Payments/ Revenue Journal/ Purchases Journal, page 1/31/34/35/37 respectively. POST REF is simply 31, CR31, CP34, R35 and P37, Date Account: Cash #11 GENERAL LEDGER Balance Item Post. Ref. Debit Credit Dr. Cr. Date Account: Cash #11 Mar. 1 GENERAL LEDGER Item Post. Ref. Debit Credit Dr. Balance Account: Accounts Receivable #12 Mar. 1 Balance Account: Maintenance Supplies #14 Mar. 1 Balance Account: Office Supplies #15 Mar. 1 Balance Balance Cr. 111 101 10 Account: Office Supplies #15 Mar. 1 Balance Account: Office Equipment #16 Mar. 1 Balance Account: Accumulated Depreciation-Office Equipment #17 Mar. 1 Account: Vehicles #18 Balance Mar. 1 Balance Account: Accumulated Depreciation-Vehicles #19 Mar. 1 Balance Account: Accounts Payable #21 Mar. 1 Balance -000 3333 Mar. 1 Balance Account: J. Wu, Capital #31 Mar. 1 Balance Account: J. Wu, Drawing #32 Account: Fees Earned #41 Account: Rent Revenue #42 Account: Driver Salaries Expense #51 Account: Maintenance Supplies Expense #52 Account: Fuel Expense #53 1 1-1 001 Account: Fuel Expense #53 Account: Office Salaries Expense #61 Account: Rent Expense #62 Mar. 1 Account: Advertising Expense #63 Account: Miscellaneous Administrative Expense #64 5. Prepare a trial balance. If an amount box does not require an entry, leave it blank. AM EXPRESS COMPANY Unadjusted Trial Balance March 31 Debit Balances Credit Balances If an amount box does not require an entry, leave it blank. AM EXPRESS COMPANY Unadjusted Trial Balance March 31 Cash Accounts Receivable Maintenance Supplies Office Supplies Office Equipment Accumulated Depreciation-Office Equipment Vehicles Accumulated Depreciation-Vehicles Accounts Payable 3. Wu, Capital J. Wu, Drawing Fees Earned Dant Dauenne Debit Balances Credit Balances Office Equipment Accumulated Depreciation-Office Equipment Vehicles Accumulated Depreciation-Vehicles Accounts Payable J. Wu, Capital J. Wu, Drawing Fees Earned Rent Revenue Driver Salaries Expense Maintenance Supplies Expense Fuel Expense Office Salaries Expense Rent Expense Advertising Expense Miscellaneous Administrative Expense