Question
April 30th Cash Balance: $20,000 May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned
April 30th Cash Balance: $20,000
May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500.
May 5: Received cash from clients on account, $2,450.
May 9: Paid cash for a newspaper advertisement, $225.
May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640. May 15: Provided services on account for the period May 115, $9,180.
May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750.
Question: Post the journal entries from part 1 to a ledger of four-column accounts.
| GENERAL LEDGER | ||||||||
| Account: | Cash | Account No. 11 | ||||||
| DATE | ITEM | POST. REF. | DEBIT | CREDIT | BALANCE | |||
| DEBIT | CREDIT | |||||||
| 1 | ||||||||
| 2 | ||||||||
| 3 | ||||||||
| 4 | ||||||||
| 5 | ||||||||
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Governmental Accounting Auditing And Financial Reporting
Authors: Stephen J. Gauthier
1st Edition
0891252754, 978-0891252757
