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CHART OF ACCOUNTS Mundt Services General Ledger ASSETS REVENUE 410 Sales 110 Cash 120 Accounts Receivable-J. Lepowsky 150 Supplies 160 Prepaid Insurance EXPENSES 510 Advertising
CHART OF ACCOUNTS Mundt Services General Ledger ASSETS REVENUE 410 Sales 110 Cash 120 Accounts Receivable-J. Lepowsky 150 Supplies 160 Prepaid Insurance EXPENSES 510 Advertising Expense 520 Utilities Expense LIABILITIES 210 Accounts Payable-Southern Supplies EQUITY 310 Mikaela Mundt, Capital 320 Mikaela Mundt, Drawing Transactions COA August Transactions Aug 1 3 4 5 11 12 Mikaela Mundt invested $2,000.00 of her own money in the business. Receipt No. 1. Used business cash to purchase supplies costing $216.00. Wrote Check No. 1. Wrote Check No. 2 for insurance, 5245.00. Purchased supplies for $68.00 over the phone from Southern Supplies, promising to send the check next week. Memo No. 1. Sent Check No. 3 to Southern Supplies, 68.00. Sent a check for the electricity bill, S180.00. Check No. 4. Wrote $800.00 check to Ms. Mundt as a withdrawal of equity for personal use. Used Check No. 5. Sold services for $412.00 to J. Lepowsky, who agreed to pay for them within ten days. Sales Invoice No. 1. Recorded cash sales of $1,179.00. Calculator tape dated March 17. T17. Paid $132.00 for advertising. Wrote Check No. 6. Received 5412.00 from J. Lepowsky for the services performed last week. Wrote Receipt No. 2. 15 16 17 18 25 Using the information provided for Mundt Services, journalize the transactions completed during August of the current year. Use page 1 of the jo Remember to record appropriate source document numbers. PAGE 1 JOURNAL CASH DATE ACCOUNT TITLE DOC. NO. POST. REF. GENERAL DEBIT CREDIT SALES CREDIT DEBIT CREDIT 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 10 10 11 11 12 12
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