Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All Journals and General Ledger; Trial Balance The transactions completed by Fleetfoot Courier Company during December, the first month of the fiscal year, were as

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed All Journals and General Ledger; Trial Balance The transactions completed by Fleetfoot Courier Company during December, the first month of the fiscal year, were as follows: Dec. 1. Issued Check No, 610 for December rent, $5,260. 2. Issued Invoice No, 940 to Clifford Co, $2,180. 3. Received check for $6,010 from Ryan Co, in payment of account. 5. Purchased a vehicle on account from Platinum Motors, $46,700. 6. Purchased office equipment on account from Austin Computer Co.r $5,630. 6. Issued Invoice No. 941 to Emesto Co, $4,850. 9. Issued Check No, 611 for fuel expense, $750. 10. Received check from Sing Co, in payment of $5,060 invoice. 10. Issued Check No, 612 for $410 to Office To Go Inc. in payment of invoice. 10. Issued Invoice No, 942 to Joy Co., $2,470. 11. Issued Check No, 613 for $3,870 to Essential Supply Co. in payment of account. 11. Issued Check No, 614 for $630 to Porter Co. in payment of account. 12. Received check from Clifford Co, in payment of $2,180 invoice of December 2 . 13. Issued Check No, 615 to Platinum Motors in payment of $46,700 balance of December 5 . 16. Issued Check No, 616 for $49,830 for cash purchase of a vehicle. 16. Cash fees earned for December 116,$25,420. 17. Issued Check No, 617 for miscellaneous administrative expense, $630. 18. Purchased maintenance supplies on account from Essential Supply Co., $2,190. 19. Purchased the following on account from McClain Co.: maintenance supplies, $1,880; office supplies, $470. 20. Issued Check No, 618 in payment of advertising expense, $2,230. 20. Used $4,010 maintenance supplies to repair delivery vehicles. 23. Purchased office supplies on account from Office To Go Inc, $500. 24. Issued Invoice No, 943 to Sing Co, $7,640. 24. Issued Check No, 619 to S. Holmes as a personal withdrawal, $3,760. 25. Issued Invoice No, 944 to Emesto Co, $6,920. 25. Received check for $5,130 from Ryan Co, in payment of balance. 26. Issued Check No, 620 to Austin Computer Co. in payment of $5,630 invoice of December 6 . 30. Issued Check No, 621 for monthly salaries as follows: driver salaries, $21,160; office salaries, $8,890. 31. Cash fees earned for December 1731,$23,660. 31. Issued Check No, 622 in payment for office supplies, $430. 1. The followina accounts are setud in the aeneral ledaer as of December 1. Usina the information below, enter the balances for each account. 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. respectively. POST. REF, is simply J1, CR31, CP34, R35 and P37. Account: Accounts Payable #21 Dec. 1 Balance Account: 5. Holmes, Capital =31 Dec. 1 Balance Account: 5, 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing In Savings And Credit Cooperative Societies

Authors: Daniel Njuguna

1st Edition

B0C8SCJKRT, 979-8223128649

More Books

Students also viewed these Accounting questions

Question

Name three possible warning signs of schizophrenia.

Answered: 1 week ago