Apex Consulting Corp. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system Installations, and custom program development. Apex Consulting Corp. showed the following alphabetized post-closing trial balance at November 30, 2014 Account Balance Accounts payable 65,000 Accounts receivable 89,000 Accumulated depreciation, building 4,500 Building 34,000 Cash 119,000 Retained earnings 98,500 Share capital 74,000 Note: There were 11,000 shares issued and outstanding on November 30, 2014 Depreciation on the building is $1.450 per month Apex Consulting Corp's salaries expense is a total of 550 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from December: Depout (December 1 Invoice 2898 Purchase Order 4927 wc 8314 Inter-Office Memo 1 Recept 2786 Inter-Ottice Memo 2 8313 Receipt from Mary's Diner Receipt 1947 vice 1315 Receipt from Andrew's Dinet Raintree Advertising inte-Office Memo 3 Recept 5948 Purchase Order 2003 Customer Statement for Wilaby Co inter-Office Memo inter Office Memo a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan) General Journal AccountExplanation Date Page Gj1 F Debit Credit Date General Journal Account/Explanation F Debit Page GJ2 Credit + + + - I - + - + T + - Date General Journal AccountExplanation Page GJ3 F Debit Credit Date General Journal AccountExplanation Pago GJA F Debit Credit - + I + L + 1 Apex Consulting Corp. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system Installations, and custom program development. Apex Consulting Corp. showed the following alphabetized post-closing trial balance at November 30, 2014 Account Balance Accounts payable 65,000 Accounts receivable 89,000 Accumulated depreciation, building 4,500 Building 34,000 Cash 119,000 Retained earnings 98,500 Share capital 74,000 Note: There were 11,000 shares issued and outstanding on November 30, 2014 Depreciation on the building is $1.450 per month Apex Consulting Corp's salaries expense is a total of 550 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from December: Depout (December 1 Invoice 2898 Purchase Order 4927 wc 8314 Inter-Office Memo 1 Recept 2786 Inter-Ottice Memo 2 8313 Receipt from Mary's Diner Receipt 1947 vice 1315 Receipt from Andrew's Dinet Raintree Advertising inte-Office Memo 3 Recept 5948 Purchase Order 2003 Customer Statement for Wilaby Co inter-Office Memo inter Office Memo a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan) General Journal AccountExplanation Date Page Gj1 F Debit Credit Date General Journal Account/Explanation F Debit Page GJ2 Credit + + + - I - + - + T + - Date General Journal AccountExplanation Page GJ3 F Debit Credit Date General Journal AccountExplanation Pago GJA F Debit Credit - + I + L + 1
