GENERAL JOURNAL

1)Post the transactions from the general journal to the general ledger accounts. To confirm that the posting has been performed, a posting reference is recorded in the Post Ref. column in the general journal.

Date		Account and Explanation	Post Ref.	Debit	Credit
Jun	1	Cash		104,000
Jun	1	Capital			104,000
		(capital contribution)
Jun	1	Music Equipment		48,000
Jun	1	Cash			48,000
		(cash purchase of equipment)
Jun	1	Cash		186,000
Jun	1	Bank Loan Payable			186,000
		(received cash loan)
Jun	1	Prepaid Advertising		8,000
Jun	1	Cash			8,000
		(paid for prepaid expense)
Jun	3	Cash		3,800
Jun	3	Revenues			3,800
		(provision of services for cash)
Jun	5	Office Supplies		3,300
Jun	5	Accounts Payable			3,300
		(credit purchase of office supplies)
Jun	5	Telephone Expense		160
Jun	5	Cash			160
		(paid telephone expense)
Jun	9	Accounts Receivable		4,200
Jun	9	Revenues			4,200
		(provision of services on credit)
Jun	12	Cash		3,600
Jun	12	Unearned Revenue			3,600
		(revenue received in advance)
Jun	16	Cash		1,500
Jun	16	Accounts Receivable			1,500
		(collection of accounts receivable)
Jun	18	Wages Expense		6,800
Jun	18	Cash			6,800
		(paid staff wages)
Jun	22	Withdrawals		2,000
Jun	22	Cash			2,000
		(cash withdrawal by owner)
Jun	23	Cash		3,700
Jun	23	Revenues			3,700
		(provision of services for cash)
Jun	25	Accounts Payable		1,650
Jun	25	Cash			1,650
		(payment of accounts payable - supplies)
Jun	29	Accounts Receivable		6,000
Jun	29	Revenues			6,000
		(provision of services on credit)

(Q=320-100.Cash)

GENERAL LEDGER

Account: Cash Account No. 100

Date		Description	Ref.	Debit	Credit	Balance
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun	30	Unadjusted Balance

(Q=320-110.AcctsRec)

Account: Accounts Receivable Account No. 110

Date		Description	Ref.	Debit	Credit	Balance
Jun
Jun
Jun
Jun
Jun
Jun	30	Unadjusted Balance

(Q=320-130.OfficeSupplies)

Account: Office Supplies Account No. 130