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Can someone help me figure out the general ledger. I got the journal entries right but my general ledger part was wrong. Can you explain
Can someone help me figure out the general ledger. I got the journal entries right but my general ledger part was wrong. Can you explain the solutions please.
Date Account Number from Chart of Accounts tab Account Title from Chart of Accounts tab 1-Jul 313 Dividends Common Stock Credit Debit 40,000 311) 40,000 1-Jul 4,800 119 Prepaid Insurance 111] Cash 4,800 1-Jul 3,600 511 Store Rent Expense 111) Cash 3,600 6-Jul 7,8001 144 Repair Equipment 111] Cash Accounts Payable Accounts Payable 600 7,200 8-Jul 450 117 Repair Supplies 212| Accounts Payable 450 10-Jul 300 512 Telephone Expenses 111) Cash 300 11-Jul 111 Cash 411| Pool Service Revenue 2,650 2,650 18-Jul 300 212 Accounts Payable 111) Cash 300 20-Jul 4,000 111 Cash 411 Pool Service Revenue 4,000 31-Jul 2,250 111 Cash 411) Pool Service Revenue 2,250 31-Jull 517 Electric Expense 111] Cash 500 500 31-Jul 313 Dividend 111 Cash - 1,100 1,100 Pool Service Revenue (411) Repair Supplies (117) Store Rent Expense (511) Prepaid Insurance (179) Telephone Expense (512) Repair Equipment (144) Insurance Exnese (573) Accum. Depr.-Repair Eauipment (145) Repair Supplies Expense (510 Accounts Payable (212) Depr. Ex-Repair Equipment (515) Income Tax Payable (213) Income Tax Expense (516) Common Stock 11) Electric Expense (517) Retained Earnines (312) Dividends 313)
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