Chapter 5 Application (05:05A)

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All Journals and General Ledger; Trial Balance The transactions completed by Revere Courier Company during December, the first month of the fiscal year, were as follows: Dec. 1. Issued Check No. 610 for December rent, $4,200. Dec. 2 Issued Invoice No. 940 to Clifford Co., $1,740 Dec. 3. Received check for $4,800 from Ryan Co. in payment of account. Dec. 5. Purchased a vehicle on account from Platinum Motors, $37,300. Dec. 6. Purchased office equipment on account from Austin Computer Co., $4,500. Dec. 6. Issued Invoice No. 941 to Ernesto Co., $3,870. Dec. 9 Issued Check No. 611 for fuel expense, $600. Dec, 11. Dec. 10. Received check from Sing Co. in payment of $4,040 invoice. Dec. 10 Issued Check No. 612 for $330 to Office To Go Inc. in payment of invoice. Dec. 10. Issued Invoice No. 942 to Joy Co., $1,970 Issued Check No. 613 for $3,090 to Essential Supply Co. in payment of account Dec. 11. Issued Check No 614 for $500 to Porter Co. in payment of account Dec. 12 Received check from Clifford Co. in payment of $1,740 invoice of December 2. Dec. 13 Issued Check No. 615 to Platinum Motors in payment of $37,300 balance of December 5, Dec. 16. Issued Check No. 616 for $39,800 for cash purchase of a vehicle Dec. 16, Cash fees earned for December 1-16, $20,300. Dec. 17 Issued Check No. 617 for miscellaneous administrative expense, $500. Check My Work Book Dec 17 Issued Check No. 617 for miscellaneous administrative expense, $500. Dec 18 Purchased maintenance supplies on account from Essential Supply Co., $1,750. Dec 19 Purchased the following on account from McClain Co.: maintenance supplies, $1,500; office supplies, $375, Dec, 20 Issued Check No. 618 in payment of advertising expense, $1,780, Dec, 20. Used $3,200 maintenance Supplies to repair delivery vehicles. Dec. 23 Purchased office supplies on account from Office To Go Inc, $400. Dec. 24 Issued Invoice No. 943 to Sing Co., $6,100. Issued Check No 619 to S. Holmes as a personal withdrawal, $3,000 Dec. 25. Issued Invoice No. 944 to Ernesto Co., 55,530. Dec. 25 Received check for $4,100 from Ryan Co, in payment of balance Dec, 26 Issued Check No. 620 to Austin Computer Co. In payment of $4,500 invoice of December 6. Dec. 30. Issued Check No: 621 for monthly salaries as follows: driver salaries, $16,900; office salaries, $7,100. Dec. 31 Cash fees earned for December 17-31, $18,900, Dec. 31. Issued Check No. 622 in payment for office supplies, $340, Dec 24 Required: 1. The following accounts are setup in the general ledger as of December 1. Using the information below, enter the balances for each account 11 Cash $161,68032 S. Holmes, Drawing 12 Accounts Receivable 12,940 41 Fees Earned 14 Maintenance Supplies 10,850 51 Driver Salanes Expense Check My Work eBook 14 Maintenance Supplies 15 Office Supplies 16 Office Equipment 17 Accum Deor-Office Equip 18 Velides 19 Accum. Deprveides 21 Accounts Payable 31 S. Holmes, Capital 10,850 51 Driver Salaries Expende 4,900 52 Maintenance Supplies Exp. 28,500 53 Fuel Expense 5,900 61 Office Salaries Expense 95,90062 Rent Expense 14,700 63 Advertising Expense 3,92064 Miscellaneous Administrative pense 289,250 2a. Journalize the transactions for December, and 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 lodger and the accounts receivable subsidiary ledger have been made. If he entry is required, select "No entry required 1 an amount box does not require an entry, nave it blank PAGE 37 PURCHASES JOURNAL Maintenance Payable Supplies CE Other Accounts Date Post Rel Account Credited Office Supplies Dr Post Ref. Amount Dr. Dr.