All Journals and General Ledger; Trial Balance

The transactions completed by AM Express Company during March 2016, the first month of the fiscal year, were as follows:

Mar. 1.		Issued Check No. 205 for March rent, $2,450.
Mar. 2.		Purchased a vehicle on account from McIntyre Sales Co., $26,900.
Mar. 3.		Purchased office equipment on account from Office Mate Inc., $1,570.
Mar. 5.		Issued Invoice No. 91 to Ellis Co., $7,000.
Mar. 6.		Received check for $7,950 from Chavez Co. in payment of invoice.
Mar. 7.		Issued Invoice No. 92 to Trent Co., $9,840.
Mar. 9.		Issued Check No. 206 for fuel expense, $820.
Mar. 10.		Received check for $10,000 from Sajeev Co. in payment of invoice.
Mar. 10.		Issued Check No. 207 to Office City in payment of $450 invoice.
Mar. 10.		Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.
Mar. 11.		Issued Invoice No. 93 to Jarvis Co., $7,200.
Mar. 11.		Issued Check No. 209 to Porter Co. in payment of $415 invoice.
Mar. 12.		Received check for $7,000 from Ellis Co. in payment of March 5 invoice.
Mar. 13.		Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2.
Mar. 16.		Cash fees earned for March 116, $26,800.
Mar. 16.		Issued Check No. 211 for purchase of a vehicle, $28,500.
Mar. 17.		Issued Check No. 212 for miscellaneous administrative expense, $4,680.
Mar. 18.		Purchased maintenance supplies on account from Bastille Co., $2,430.
Mar. 18.		Received check for rent revenue on office space, $900.
Mar. 19.		Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500.
Mar. 20.		Issued Check No. 213 in payment of advertising expense, $8,590.
Mar. 20.		Used maintenance supplies with a cost of $4,400 to repair vehicles.
Mar. 21.		Purchased office supplies on account from Office City, $990.
Mar. 24.		Issued Invoice No. 94 to Sajeev Co., $9,200.
Mar. 25.		Received check for $14,000 from Chavez Co. in payment of invoice.
Mar. 25.		Issued Invoice No. 95 to Trent Co., $6,300.
Mar. 26.		Issued Check No. 214 to Office Mate Inc. in payment of $1,570 invoice of March 3.
Mar. 27.		Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000.
Mar. 30.		Issued Check No. 216 in payment of driver salaries, $33,300.
Mar. 31.		Issued Check No. 217 in payment of office salaries, $21,200.
Mar. 31.		Issued Check No. 218 for office supplies, $600.
Mar. 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.	-

2. Journalize the transactions for March 2016, 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.

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.

5. Prepare a trial balance.

Purchases journal

2a. Journalize the transactions for March 2016, 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
2016
			(21)	(14)	(15)			()

Cash receipts journal

2b. Journalize the transactions for March 2016, 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.
2016
			()	(12)	(11)

Revenue journal

2c. Journalize the transactions for March 2016, 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.
2016
				(41) (12)

Cash payments journal

2d. Journalize the transactions for March 2016, 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.
2016
				()	(21)	(11)

General journal

2e. Journalize the transactions for March 2016, 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
2016

General ledger

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
2016
Mar. 1	Balance
Account: Accounts Receivable #12
2016
Mar. 1	Balance
Account: Maintenance Supplies #14
2016
Mar. 1	Balance
Account: Office Supplies #15
2016
Mar. 1	Balance
Account: Office Equipment #16
2016
Mar. 1	Balance
Account: Accumulated Depreciation - Office Equipment #17
2016
Mar. 1	Balance
Account: Vehicles #18
2016
Mar. 1	Balance
Account: Accumulated Depreciation - Vehicles #19
2016
Mar. 1	Balance
Account: Accounts Payable #21
2016
Mar. 1	Balance
Account: J. Wu, Capital #31
2016
Mar. 1	Balance
Account: J. Wu, Drawing #32
2016
Account: Fees Earned #41
2016
Account: Rent Revenue #42
2016
Account: Driver Salaries Expense #51
2016
Account: Maintenance Supplies Expense #52
2016
Account: Fuel Expense #53
2016
Account: Office Salaries Expense #61
2016
Account: Rent Expense #62
2016
Mar. 1
Account: Advertising Expense #63
2016
Account: Miscellaneous Administrative Expense #64
2016

Trial balance

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, 2016
	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
J. Wu, Drawing
Fees Earned
Rent Revenue
Driver Salaries Expense
Office Salaries Expense
Advertising Expense
Maintenance Supplies Expense
Rent Expense
Fuel Expense
Miscellaneous Administrative Expense