All Journals and General Ledger; Trial Balance

The transactions completed by Revere Courier Company during December,

the first month of the fiscal year, were as follows:

Dec. 1. Issued Check No. 610 for December rent, $4,200.

Dec. 2. Issued Invoice No. 940 to Clifford Co., $1,740

Dec. 3. Received check for $4,800 from Ryan Co. in payment of account.

Dec. 5. Purchased a vehicle on account from Platinum Motors, $37,300.

Dec. 6. Purchased office equipment on account from Austin Computer

Co., $4,500.

Dec. 6. Issued Invoice No. 941 to Ernesto Co., $3,870.

Dec. 9. Issued Check No. 611 for fuel expense, $600.

Dec. 10. Received check from Sing Co. in payment of $4,040 invoice.

Dec. 10. Issued Check No. 612 for $330 to Office To Go Inc. in

payment of invoice.

Dec. 10. Issued Invoice No. 942 to Joy Co., $1,970.

Dec. 11. Issued Check No. 613 for $3,090 to Essential Supply Co. in

payment of account.

Dec. 11. Issued Check No. 614 for $500 to Porter Co. in payment of account.

Dec. 12. Received check from Clifford Co. in payment of $1,740

invoice of December 2.

Dec. 13. Issued Check No. 615 to Platinum Motors in payment of

$37,300 balance of December 5.

Dec. 16. Issued Check No. 616 for $39,800 for cash purchase of a vehicle.

Dec. 16. Cash fees earned for December 116, $20,300.

Dec. 17. Issued Check No. 617 for miscellaneous administrative expense, $500.

Dec. 18. Purchased maintenance supplies on account from Essential

Supply Co., $1,750.

Dec. 19. Purchased the following on account from McClain Co.:

maintenance supplies, $1,500; office supplies, $375.

Dec. 20. Issued Check No. 618 in payment of advertising expense, $1,780.

Dec. 20. Used $3,200 maintenance supplies to repair delivery vehicles.

Dec. 23. Purchased office supplies on account from Office To Go Inc., $400.

Dec. 24. Issued Invoice No. 943 to Sing Co., $6,100.

Dec. 24. Issued Check No. 619 to S. Holmes as a personal withdrawal, $3,000.

Dec. 25. Issued Invoice No. 944 to Ernesto Co., $5,530.

Dec. 25. Received check for $4,100 from Ryan Co. in payment of balance.

Dec. 26. Issued Check No. 620 to Austin Computer Co. in payment of

$4,500 invoice of December 6.

Dec. 30. Issued Check No. 621 for monthly salaries as follows:

driver salaries, $16,900; office salaries, $7,100.

Dec. 31. Cash fees earned for December 1731, $18,900.

Dec. 31. Issued Check No. 622 in payment for office supplies, $340.

Required:

1. The following accounts are setup in the general ledger as of

December 1. Using the information below, enter the balances for each

account.

11 Cash $161,680 32 S. Holmes, Drawing -

12 Accounts Receivable 12,940 41 Fees Earned -

14 Maintenance Supplies 10,850 51 Driver Salaries Expense -

15 Office Supplies 4,900 52 Maintenance Supplies Exp. -

16 Office Equipment 28,500 53 Fuel Expense -

17 Accum. Depr.Office Equip. 6,900 61 Office Salaries Expense -

18 Vehicles 95,900 62 Rent Expense -

19 Accum. Depr.Vehicles 14,700 63 Advertising Expense -

21 Accounts Payable 3,920 64 Miscellaneous Administrative Expense -

31 S. Holmes, Capital 289,250

2. Journalize the transactions for December, using the required

journal(s). 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 December, 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 PAGE 37

Date Account Credited Post. Ref. Accounts Payable

Cr. Maintenance Supplies

Dr. Office Supplies

Dr. Other Accounts

Dr. Post.

Ref. Amount

(21) (14) (15)

2b. Journalize the transactions for December, 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

Date Account Credited Post. Ref. Other Accounts

Cr. Accounts

Receivable Cr. Cash Dr.

() (12) (11)

2c. Journalize the transactions for December, 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.

(12) (41)

2d. Journalize the transactions for December, 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

Dr. Accounts

Payable

Dr. Cash Cr.

() (21) (11)

2e. Journalize the transactions for December, 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.

JOURNAL PAGE 1

Date Description Post. Ref. Debit Credit

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.

GENERAL LEDGER

Balance

Date Item Post. Ref. Debit Credit Dr. Cr.

Account: Cash #11

Dec. 1 Balance

Account: Accounts Receivable #12

Dec. 1 Balance

Account: Maintenance Supplies #14

Dec. 1 Balance

Account: Office Supplies #15

Dec. 1 Balance

Account: Office Equipment #16

Dec. 1 Balance

Account: Accumulated Depreciation - Office Equipment #17

Dec. 1 Balance

Account: Vehicles #18

Dec. 1 Balance

Account: Accumulated Depreciation - Vehicles #19

Dec. 1 Balance

Account: Accounts Payable #21

Dec. 1 Balance

Account: S. Holmes, Capital #31

Dec. 1 Balance

Account: S. Holmes, Drawing #32

Account: Fees Earned #41

Account: Driver Salaries Expense #51

Account: Maintenance Supplies Expense #52

Account: Fuel Expense #53

Account: Office Salaries Expense #61

Account: Rent Expense #62

Dec. 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.

REVERE COURIER COMPANY

Unadjusted Trial Balance

December 31

Debit Balances Credit Balances

Cash

Accounts Receivable

Maintenance Supplies

Office Supplies

Office Equipment

Accumulated Depreciation - Office Equipment

Vehicles

Accumulated Depreciation - Vehicles

Accounts Payable

S. Holmes, Capital

S. Holmes, Drawing

Fees Earned

Driver Salaries Expense

Maintenance Supplies Expense

Office Salaries Expense

Fuel Expense

Rent Expense

Advertising Expense

Miscellaneous Administrative Expense