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.

Received check for $10,000 from Sajeev Co. in payment of invoice.

10.

Issued Check No. 207 to Office City in payment of $450 invoice.

10.

Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.

11.

Issued Invoice No. 93 to Jarvis Co., $7,200.

11.

Issued Check No. 209 to Porter Co. in payment of $415 invoice.

12.

Received check for $7,000 from Ellis Co. in payment of March 5 invoice.

13.

Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2.

16.

Cash fees earned for March 116, $26,800.

16.

Issued Check No. 211 for purchase of a vehicle, $28,500.

17.

Issued Check No. 212 for miscellaneous administrative expense, $4,680.

18.

Purchased maintenance supplies on account from Bastille Co., $2,430.

18.

Received check for rent revenue on office space, $900.

19.

Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500.

20.

Issued Check No. 213 in payment of advertising expense, $8,590.

20.

Used maintenance supplies with a cost of $4,400 to repair vehicles.

21.

Purchased office supplies on account from Office City, $990.

24.

Issued Invoice No. 94 to Sajeev Co., $9,200.

25.

Received check for $14,000 from Chavez Co. in payment of invoice.

25.

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.

Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000.

30.

Issued Check No. 216 in payment of 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 1731, $29,400.

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.		Received check for $10,000 from Sajeev Co. in payment of invoice.
10.		Issued Check No. 207 to Office City in payment of $450 invoice.
10.		Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.
11.		Issued Invoice No. 93 to Jarvis Co., $7,200.
11.		Issued Check No. 209 to Porter Co. in payment of $415 invoice.
12.		Received check for $7,000 from Ellis Co. in payment of March 5 invoice.
13.		Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2.
16.		Cash fees earned for March 116, $26,800.
16.		Issued Check No. 211 for purchase of a vehicle, $28,500.
17.		Issued Check No. 212 for miscellaneous administrative expense, $4,680.
18.		Purchased maintenance supplies on account from Bastille Co., $2,430.
18.		Received check for rent revenue on office space, $900.
19.		Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500.
20.		Issued Check No. 213 in payment of advertising expense, $8,590.
20.		Used maintenance supplies with a cost of $4,400 to repair vehicles.
21.		Purchased office supplies on account from Office City, $990.
24.		Issued Invoice No. 94 to Sajeev Co., $9,200.
25.		Received check for $14,000 from Chavez Co. in payment of invoice.
25.		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.		Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000.
30.		Issued Check No. 216 in payment of 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 1731, $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	$65,200		32	J. Wu, Drawing	-
12	Accounts Receivable	31,950		41	Fees Earned	-
14	Maintenance Supplies	7,240		42	Rent Revenue	-
15	Office Supplies	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	17,800		62	Rent Expense	-
21	Accounts Payable	2,755		63	Advertising Expense	-
31	J. Wu, Capital	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.

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.

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.

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.

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.

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.

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 J, Cash Receipts begin with CR, Cash Payments with CP, Revenue Journal begins with R 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 J1, CR31, CP34, R35 and P37.

5. Prepare a trial balance.

If an amount box does not require an entry, leave it blank.

PURCHASES JOURNAL PAGE 37 Post. Other Accounts Post. Date Account Credited Accounts Payable Cr. Maintenance Supplies Dr. Office Supplies Dr. Amount Ref. Dr. Ref. CASH RECEIPTS JOURNAL PAGE 31 Other Accounts Date Account Credited Post. Ref. Accounts Receivable Cr. Cash Dr. Cr. JIONI 11'1 PAGE 35 REVENUE JOURNAL Invoice Account Debited No. Post. Accounts Rec. Dr. Date Ref. Fees Earned Cr. III CASH PAYMENTS JOURNAL PAGE 34 Other Accounts Date Ck. No. Account Debited Post. Ref. Accounts Cash Cr. Payable Dr. Dr. PURCHASES JOURNAL PAGE 37 Post. Other Accounts Post. Date Account Credited Accounts Payable Cr. Maintenance Supplies Dr. Office Supplies Dr. Amount Ref. Dr. Ref. JOURNAL PAGE 1 Date Description Post. Ref. Debit Credit GENERAL LEDGER Balance Date Item Post. Ref. Debit Credit Dr. Cr. Account: Cash #11 Mar. 1 Balance Account: Accounts Receivable #12 Mar. 1 Balance III III III III III III 10 Account: Maintenance Supplies #14 Mar. 1 Balance Account: Office Supplies #15 Mar. 1 Balance ACCOUNT: Unice supplies #15 Mar. 1 Balance Account: Office Equipment #16 Mar. 1 Balance Account: Accumulated Depreciation Office Equipment #17 Mar. 1 Balance Account: Vehicles #18 III II I III I II Mar. 1 Balance III III Account: Accumulated Depreciation-Vehicles #19 Mar. 1 Balance Account: Accounts Payable #21 Mar. 1 Balance ACCOUNT: Accounts Payable #21 Mar. 1 Balance Account: ). Wu, Capital #31 Mar. 1 Balance Account: ). Wu, Drawing #32 Account: Fees Earned #41 I III I I Ill III I I II II III Account: Rent Revenue #42 Account: Driver Salaries Expense #51 Account: Maintenance Supplies Expense #52 Account: Maintenance Supplies Expense #52 Account: Fuel Expense #53 III Account: Office Salaries Expense #61 Account: Rent Expense #62 Mar. 1 Account: Advertising Expense #63 Account: Miscellaneous Administrative Expense #64 AM EXPRESS COMPANY Unadjusted Trial Balance March 31 Debit Balances Credit Balances Cash Accounts Receivable Maintenance Supplies Office Supplies Office Equipment Accumulated Depreciation Office Equipment Vehicles Accumulated Depreciation-Vehicles Accounts Payable J. Wu, Capital 1. Wu, Drawing Fees Earned Rent Revenue Driver Salaries Expense 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 Advertis Expense Miscellaneous Administrative Expense