Homework:Accounting Cycle Review

Question 1, P4A-39B (no worksheet) (similar to)

Part 14 of 31

HW Score: 8.9%, 2.94 of 33 points

Score: 2.94 of 33

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On

December

1,

Al

Walker

began an auto repair shop,

Walker's

Quality Automotive. The following transactions occurred during

December:

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(Click the icon to view the transactions.)

.....

The business uses the following accounts:

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(Click the icon to view the accounts.)

Adjustment data:

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(Click the icon to view the adjustment data.)Read the requirements

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.

Requirement 1. Prepare the journal entries, and post to the T-accounts.

Begin by preparing the journal entries for the

December

transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Requirement 2; Post the transactions to the T-accounts. Use the transaction dates as posting references. If posting more than one entry on the same date to a single account, post to that account in the same order as you prepared the entries above. Use a "Bal." posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal." posting reference and enter a "0" on the normal side of the account. (Abbreviation used: Depr. = Depreciation)