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I need assistance on my project with how to post entries in journal and also how to post them in the ledger accounts thank you
I need assistance on my project with how to post entries in journal and also how to post them in the ledger accounts thank you
LIHILJ JIUUIU VUIUILL. General Journal Account Number from Chart of Date Accounts tab count Title from Chart of Accounts to 1-Mar 1-Mar 1-Mar Debit Credit Once you've completed this requirement print your General Journal to complete Requirement #2 on the General Ledger worksheet. ... Project Instructions March Transactions Chart of Accounts 1 - Journal Entries 2 - General Ledger 3 - Trial Balance THIT Date March 1 March 1 March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank account of $20,000, in exchange for 2,000 shares of $10 par value common stock. Paid the premium on a l-year insurance policy, $2,400. Paid the current month's store rent expense, $1,900. Purchased repair equipment from Andrew Company, $5,800. Paid $1,000 down and the balance was placed on account. Payments will be $400.00 per month for 12 months. The first payment is due 4/1. Note: Use Accounts Payable for the Balance Due. Purchased repair supplies from Jackson Company on credit, $650. Paid telephone bill for March, $340. Cash bicycle repair revenue for the first third of March, $1,650. Made payment to Jackson Company, $400. Cash bicycle repair revenue for the second third of March, $2,450. Cash bicycle repair revenue for the last third of March, $1,250. Paid the current month's electice bill, $250. Declared and paid cash dividend of $1,000. March 8 March 10 March 11 March 18 March 20 March 31 March 31 March 31 Chart of Accounts Account Number Account Title Normal Balanc Account Type Assets 111 117 119 144 145 Cash Prepaid Insurance Repair Supplies Repair Equipment Accum Dep-Repair Equipment Debit Debit Debit Debit Credit Liabilities 212 Accounts Payable Income Tax Payable Credit Credit Stockholders Equity 311 312 Common Stock Retained Earnings Dividends Credit Credit Debit 313 Revenue 411 Bicycle Repair Revenue Credit Expenses 511 512 513 514 515 Store Rent Expense Debit Telephone Expense Debit Insurance Expense Debit Repair Supplies Expense Debit Dep Expense - Repair Equipment Debit Income Tax Expense Debit Electric Expense Debit March Transactions Chart of Accounts 1 - Journal Entries 517 Project InstructionsStep by Step Solution
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