File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 12 AA ab Wrap Text 28 3 Paste Insert Delete Format - A - Ideas + E B Merge & Center 6000 $ %, Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas C2 X fx March 20 Sale of inventory to a customer -- selling price $178,500 -- cost of the inventory sold $33,500. The customer pays $25,500 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days March 22 Purchase inventory for $44,000 cash. The cash is taken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank March 30 Take $37,250 cash out of Little Bank to pay employees for wages they have earned. Additional Information Note Payable Big Bank: Interest due to Big Bank on the Note Payable for the month of March is $695. As of March 31 OPJ owes Big Bank a total of $1,295 for interest ($600 for February + $695 for March). Interest will be paid to Big Bank in June. Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB Ready + 1009 Type here to search O e 11:03 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 10 AA === 2. Wrap Text X 29 O 0 5 21 y Paste Ideas . Insert Delete Format + Merge & Center v $ - % .000 Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas D2 X Overpriced Jeans, Inc. - Chart of Accounts Account # Account Name 100 105 110 120 150 Assets: Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment 200 210 215 220 225 Liabilities: Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank 300 305 Equity: Common Stock Retained Earnings Revenues: 1 Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 1009 H. Type here to search e (? A la 4) 11:03 PM 10/26/2020 F File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 10 ' ' === TT TX O ab Wrap Text 27 5 Paste BIU Insert Delete Format Ideas 6000 .00 E E Merge & Center v $ Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas D2 100 105 110 120 150 Assets: Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment 200 210 215 220 225 Liabilities: Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank 300 305 Equity: Common Stock Retained Earnings Revenues: Sales Revenue 400 Expenses: 500 Cost of Goods Sold Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE BalSht Post Close TB + Ready + 1009 + Type here to search ? a la 1)) 11:03 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 10 AA == a Wrap Text 28 Paste ara- E B Merge & Center $ %) 0 Insert Delete Format Ideas Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Editing Clipboard Font Alignment Number Cells Ideas D2 f 200 210 215 220 225 Liabilities: Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank 300 305 Equity: Common Stock Retained Earnings Revenues: Sales Revenue 400 500 510 515 520 Expenses: Cost of Goods Sold Rent Expense Wages Expense Interest Expense Screenshot saved The screenshot was added to your OneDrive. OneDrive Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB Ready Type here to search O DI (? 11:04 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial === 2. Wrap Text DI X 21 0 5 2 10 AA y Paste Ideas Insert Delete Format Merge & Center $ %, 200 Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas C25 3-1 Over Priced Jeans, Inc. General Ledger CAUTION Enter amounts into the accounts by typing in the amounts. Account # 100 Cash - Big Bank Do NOT copy cells from the General Journal into the accounts Journal Page # Debit Credit Balance 2021 Month-Day 3-1 3-1 3-1 Beginning Balance 76,000.00 55,000.00 1 1 76,000.00 DI 131.000.00 Dr 71,000.00 Dr 70,550.00 Dr 65,000.00 Dr 153,000.00 Dr 1 1 60,000.00 450.00 5,550.00 3-1 3-1 3-2 1 1 88,000.00 Account # 105 Cash - Little Bank Journal Page # Debit Credit 2021 Month-Day 3-1 Beginning Balance Balance 27,000.00 27,000.00 Dr Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 1009 H. Type here to search e (? ^ ( 4 11:04 PM 10/26/2020 E File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 10 AA ab Wrap Text 28 3 Paste ara- Insert Delete Format Ideas E 6000 .000 Merge & Center Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas C25 fr 3-1 Account # 105 Cash - Little Bank Journal Page # Debit Credit Balance 2021 Month-Day 3-1 3-1 Beginning Balance 27,000.00 27,000.00 Dr Account # 110 Accounts Receivable Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 158,000.00 158,000.00 DO Screenshot saved The screenshot was a OneDrive. Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + OneDrive Ready Type here to search O ulla ) 11:04 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments Arial TT === a Wrap Text 2 O 5 10 AA . Paste Ideas Insert Delete Format 3 Merge & Center $ %) Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter - Select Clipboard Font Alignment Number Cells Editing Ideas C25 for 3-1 Account # 120 Inventory Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 36,000.00 36,000.00 Dr Account # 150 Equipment Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 60,000.00 60,000.00 Dr Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB Ready + 10 Type here to search e 11:04 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial == a Wrap Text 28 12 A A - A - 3 Paste - 3 Merge & Center 60.00 .000 Ideas $ %, Insert Delete Format Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas H10 X fx 37250 Account # 200 Accounts Payable Do NOT copy cells from the General Journal into the accounts. Journal Page # Debit Credit Balance 2021 Month-Day 3-1 Beginning Balance 3-26 0.00 37,250.00 0.00 Cr 37,250.00 C Account # 210 Note Payable - Big Bank Journal Page # Debit Credit 2021 Month-Day 3-1 Beginning Balance Balance 65,000.00 65,000.00 Cr Account # 215 Note Payable - Little Bank Journal Page # Debit Credit Balance 2021 Month-Day 2-1 Beginning Balanc Trans Chart Accts annnnnn nna n , GL Liab-Equity GL Rev-Exp Trial Bal Journal GL Assets IS & RE Balsht Post Close TB + Ready + 100 Type here to search O 11:05 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial == a Wrap Text 28 12 A A - A - 3 Paste - 3 Merge & Center 60.00 .000 Ideas $ %, Insert Delete Format Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas H10 X fx 37250 Account # 200 Accounts Payable Do NOT copy cells from the General Journal into the accounts. Journal Page # Debit Credit Balance 2021 Month-Day 3-1 Beginning Balance 3-26 0.00 37,250.00 0.00 Cr 37,250.00 C Account # 210 Note Payable - Big Bank Journal Page # Debit Credit 2021 Month-Day 3-1 Beginning Balance Balance 65,000.00 65,000.00 Cr Account # 215 Note Payable - Little Bank Journal Page # Debit Credit Balance 2021 Month-Day 2-1 Beginning Balanc Trans Chart Accts annnnnn nna n , GL Liab-Equity GL Rev-Exp Trial Bal Journal GL Assets IS & RE Balsht Post Close TB + Ready + 100 Type here to search O 11:05 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial ~ 12 ~ A A ab Wrap Text 28 3 Paste A E3 Merge & Center 6000 .000 Insert Delete Format Ideas $ %, Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas H10 fx 37250 Account # 215 Note Payable - Little Bank Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 60,000.00 60,000.00 Cr Account # 220 Interest Payable - Big Bank Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 600.00 600.00 Cr Account # 225 Interest Payable - Little Bank Journal Debit Credit Balance 2021 Month-Day 3-1 Page # Beginning Balance 450.00 450.00 Cr Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 100 Type here to search O 11:05 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial === 29 Wrap Text DI X 21 ~ 12 ~ A ' a.A- 29 O 0 y Paste Insert Delete Format Ideas 33Merge & Center v $ % -20 Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas H10 X f 37250 Account # 225 Interest Payable - Little Bank Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 450.00 450.00 Cr Account # 300 Common Stock Journal Page # Debit Credit Balance 2021 Month-Day 3-1 3-1 Beginning Balance 75,000.00 55,000.00 75,000.00 Cr 130,000.00 Cr 1 Account # 305 Retained Earnings 2021 Journal Debit GL Assets Credit GL Liab-Equity Balance GL Rev-Exp Trial Bal Trans Chart Accts Journal IS & RE Balsht Post Close TB + Ready + 100% H. Type here to search e (? ^ ( 4 11:05 PM 10/26/2020 F File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial === 29 Wrap Text DI X 21 ~ 12 ~ A ' . A- 29 O 3 y Paste Insert Delete Format Ideas + Merge & Center v $ % -20 Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas H10 X f 37250 Account # 300 Common Stock Journal Page # Debit Credit Balance 2021 Month-Day 3-1 3-1 Beginning Balance 75,000.00 55,000.00 75,000.00 Cr 130,000.00 Cr 1 Account # 305 Retained Earnings Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 155,950.00 155,950.00 CM Screenshot saved The screenshot was added to your OneDrive. Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB OneDrive Ready H. Type here to search BI e Alla ) 11:05 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial === 29 Wrap Text DI X 21 ~ 12 ~ A ' . A- 29 O 3 y Paste Insert Delete Format Ideas + Merge & Center v $ % -20 Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas H10 X f 37250 Account # 300 Common Stock Journal Page # Debit Credit Balance 2021 Month-Day 3-1 3-1 Beginning Balance 75,000.00 55,000.00 75,000.00 Cr 130,000.00 Cr 1 Account # 305 Retained Earnings Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 155,950.00 155,950.00 CM Screenshot saved The screenshot was added to your OneDrive. Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB OneDrive Ready H. Type here to search BI e Alla ) 11:05 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial === ab Wrap Text DI X 21 2 o 3 10 AA . A- y Paste Insert Delete Format Ideas 33Merge & Center v $ % -20 Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas C10 X Account # 400 Sales Revenue Do NOT copy cells from the General Journal into the accounts. Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 0.00 0.00 Cr Account # 500 Cost of Goods Sold Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 0.00 0.00 Dr Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 1009 H. Type here to search E e (? 11:05 PM 10/26/2020 E File Home Insert Page Layout Formulas Data Review View Help Share Comments 10 Arial ' TT === a Wrap Text 2 O 5 Paste . Insert Delete Format $ %) Ideas Merge & Center Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter - Select Clipboard Font Alignment Number Cells Editing Ideas C10 for Account # 510 Rent Expense Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 0.00 0.00 DI Account # 515 Wages Expense Journal Page # Debit Credit 2021 Month-Day 3-1 Beginning Balance Balance 0.00 0.00 Dr Account # 520 Interest Expense Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB Ready 1 + 1 Type here to search la 11:05 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments D Arial 10AA === 2 Wrap Text IX o 3 Paste BIU Ideas Insert Delete Format E Merge & Center $ ~ %> Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas C10 X Account # 520 Interest Expense Journal Page # Debit Credit 2021 Month-Day 3-1 Balance Beginning Balance 0.00 0.00 Dr Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE BalSht Post Close TB + Ready + 100% H Type here to search e ? 11:05 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X LL Arial ~ 12 A ' a Wrap Text 28 3 Paste Insert Delete Format - A - Ideas 60.00 .000 E3 Merge & Center $ % Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas E6 X f OPJ's - March 31, 2021 Pre-Closing Trial Balance CAUTION Enter amounts into the Pre-Closing Trial Balance by typing in the amounts. Do NOT copy cells from the General Ledger. Account # Account Name Debit Credit 100 105 110 120 150 200 210 215 220 225 300 305 400 Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Rent Expense Wages Expense Interest Expense 500 510 515 520 Totals 0.00 0.00 Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 1009 Type here to search B la ) 11:06 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments Arial 10AA === 2 Wrap Text X 2 o 3 Paste BIU Insert Delete Format Ideas E B Merge & Center $ ~ %> 8.00 Sort & Find & Filter Select Conditional Format as Cell Formatting Table Styles Styles 3 Clipboard Font Alignment Number Cells Editing Ideas A D6 X Overpriced Jeans, Inc. Income Statement for the Month Ended March 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts. Do NOT copy cells from the General Ledger or Pre-Closing Trial Balance. 0.00 Sales Revenue Cost of Goods Sold Gross Profit Expenses: Rent Expense Wages Expense Interest Expense Total Expenses Net Income 0.00 $0.00 Calculation of Retained Earnings as of March 31 for the Balance Sheet Retained Earnings Current Balance Plus March Net Income Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 100% H Type here to search e ? 11:17 PM 10/26/2020 D File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 10 ~ A A == ab Wrap Text TTX 27 O s Paste BIU Ideas arA- FE Insert Delete Format $ % -00 Merge & Center Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Editing Clipboard Font Alignment Number Cells Ideas D6 Total Expenses 0.00 Net Income $0.00 Calculation of Retained Earnings as of March 31 for the Balance Sheet Retained Earnings Current Balance Plus March Net Income Retained Earnings as of March 31 for Balance Sheet 0.00 Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready 3 Type here to search O e ? 11:18 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X LL Arial 10 AA a Wrap Text 28 3 Paste Grav Ideas 6000 Insert Delete Format Merge & Center $ %) Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas D8 > f OverPriced Jeans, Inc. Balance Sheet as of March 31, 2021 CAUTION Enter amounts into the Balance Sheet by typing in the amounts. Do NOT copy cells from the General Ledger or Pre-Closing Trial Balance. Assets Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment Total Assets $0.00 Liabilities Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank Total Liabilities 0.00 Equity: Common Stock Retained Earnings 0.00 Total Equity Chart Accts Journal Trans GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE BalSht Post Close TB Ready + 1009 Type here to search O e la ) 11:18 PM 10/26/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial === a Wrap Text IX 12 12 AA 270 3 Paste BIU Insert Delete Format Ideas Merge & Center $ %, Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas C2 : X fic OverPriced Jeans, Inc. - Transactions - Additional Information March 2021 Transactions Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000 cash into the business. The cash is put into Big Bank. (As an example of how to journalize and post a transaction -- this transaction has already been entered into the General Journal and posted to the General Ledger.) March 1 Pay off the $60,000 Note Payable owed to Little Bank. The cash to pay off the note is taken out of Big Bank. Also pay to Little Bank $450 for interest owed on the Note Payable for February The $450 cash is also taken out of Big Bank. March 1 Take $5,550 cash out of Big Bank to pay for March's rent. March 2 The customer that purchased on credit on February 15 pays $88,000 cash to pay off the amount due. The cash is deposited into Big Bank. March 10 Sale of inventory to a customer -- selling price $83,500 -- cost of the inventory sold $24,000 The customer pays cash. The cash is deposited into Little Bank. March 15 Take $25,000 cash out of Little Bank to pay employees for wages they have earned March 16 Purchase $73,750 of additional inventory. OPJ will pay the manufacturer 50% of the $73,750 in 10 days. OPJ will pay the remaining 50% in 30 days. Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 100% H Type here to search e ? 11:02 PM 10/26/2020 X Arial 2 Wrap Text S LL o 5 12 AA === dov DA + Paste BIU - 6000 Ideas Insert Delete Format Merge & Center $ %. Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas C2 X fx March 16 Purchase $73,750 of additional inventory. OPJ will pay the manufacturer 50% of the $73,750 in 10 days. OPJ will pay the remaining 50% in 30 days. March 17 Sale of inventory to a customer -- selling price $119,000 -- cost of the inventory sold $38,000 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer -- selling price $178,500 -- cost of the inventory sold $33,500. The customer pays $25,500 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $44,000 cash. The cash is taken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank March 30 Take $37,250 cash out of Little Bank to pay employees for wages they have earned. Additional Information Note Payable Big Bank: Interest due to Big Bank on the Note Payable for the month of March is $695. As of March 31 OPJ owes Big Bank a total of $1,295 for interest ($600 for February + $695 for March). Interest will be paid to Big Bank in June. Directions Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TE ... Ready + 10094 HH Type here to search O i e (? 1:57 PM a la 4) 10/27/2020 File Home Insert Page Layout Formulas Data Review View Help Share Comments D Arial 10 10AA IX === 20 2 Wrap Text E B Merge & Center 270 3 Paste . Insert Delete Format Ideas $ ~ %> Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select 3 Clipboard Font Alignment Number Cells Editing Ideas G12 X Posted Debit Credit 2021 Account Account Name Month-Day Number 3-1 100 Cash - Big Bank 300 Common Stock Issue additional Common Stock 55,000.00 55,000.00 3-1 215 60,000.00 60,000.00 100 225 100 Note Payable-Little Bank Cash-Big Bank Interest Payable-Little Bank Cash-Big Bank Pay note and Interest 450.00 450.00 3-1 5,550.00 510 100 Rent Expense Cash-Big Bank Pay March Rent 5,550.00 3-2 100 200 Cash-Big Bank Accounts Receivable 88,000.00 88,000.00 3-10 83,500.00 105 305 305 Cash-Little Bank Retained Earnings Cost of goods sold 83,500.00 24,000.00 GL Liab-Equity 1 Trans Chart Accts Journal GL Assets GL Rev-Exp Trial Bal IS & RE BalSht Post Close TB + Ready + 100% H Type here to search e ? 11:22 PM 10/26/2020 = File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 10 A A === 2. Wrap Text DI X 21 2 o 3 y Paste Insert Delete Format Ideas . A- + Merge & Center $ - % .00 Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas G12 X f 83,500.00 305 305 120 24,000.00 Retained Earnings Cost of goods sold Inventory Sold Inventory cash 24,000.00 3-15 25,000.00 305 105 Wages Expense Cash-Little Bank Paid Wages to workers 25,000.00 3-16 73,750.00 120 200 Inventory Accounts Payable 73,750.00 3-17 119,000.00 200 400 Accounts Receivable Sales Revenue 119,000.00 3-17 38,000.00 500 120 Cost of goods sold Inventory Sold Inventory 38,000.00 Over Priced Jeans, Inc. - General Journal Page # 2 GL Rev-Exp Trans Chart Accts Journal GL Assets GL Liab-Equity Trial Bal IS & RE Balsht Post Close TB + Ready + 100 H Type here to search e (? 11:22 PM 10/26/2020 E File Home Insert Page Layout Formulas Data Review View Help Share Comments X Arial 10 AA a Wrap Text 28 3 Paste A Ideas Insert Delete Format 6000 .000 + - 3 Merge & Center $ %, Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas G12 for Posted Debit Credit 2021 Account Account Name Month-Day Number 3-20 110 Accounts Receivable 105 Cash-Little Bank 400 Sales Revenue 151,500.00 27,000.00 178,500.00 3-20 500 120 33,500.00 Cost of goods sold Inventory 33,500.00 3-22 44,000.00 120 100 Inventory Cash-Big Bank Purchased Inventory 44,000.00 3-26 200 100 36,875.00 Accounts Payable Cash-Big Bank 36,875.00 3-30 37,250.00 515 105 Wages Expense Cash-Little Bank Wages paid to workers 37,250.00 3-30 1,295.00 520 220 Interest Expense Interest Payable-Big Bank 1,295.00 Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & RE Balsht Post Close TB + Ready + 1009 Type here to search O e a la 1)) 11:23 PM 10/26/2020
