I need help with Jo and Mo's icy delights week 2 please! I have the correct journal amounts but i cant get the correct trial balances. I mainly need to know what to put in the general/accounts payable/accounts receivable ledgers please!
I need to know where to put the information from the week 2 general journal and special journals in my general ledger. i also need to know where it goes if it goes in the accounts payable ledger or accounts recievable ledger please!
Please help me with week 2 of Jo and Mo's Icy Delights Accounting Practice Set, my journal entries match the correct check balances but I can't get the trial balances to match. I don't know what to post to the subsidiary ledgers or the general ledgers to get my trail balances to match the check figures. Could you help me understand what to post to the general ledgers and what to post to the subsidiary ledgers? Each transaction was in one of the five journals (General, Cash payments, Cash receipts, Purchases, or sales) and each transaction should be posted in a ledger I believe.
CHAR OFACCOUNTS THE ACCOUNTNG CYCLE PREPARE TO JOURNALZE AND POST TRANSACTIONS ILLUSTRATION OF THE FIVE TYPES OF JOURNALS ALONG WITH THEIR USE ported WEEK 2 TRANSACTIONS Sep-13 Paid balance owed on accounts payable to Pixley Grocery Store Outiet, inv. 520 Sep-15 Secured a bank loan to purchase the building and land for $80,000. The building was valued at $65,000 and the land was valued at $15,000. It was financed by moking a $20,000 down-payment and obtaining a mortgage for the balance at 5% for 20 years. The company estimates that the buliding will have a 25 -vear useful life and at the end of the 25 years, the building will have a $5,000 residual value. 5 Sep-15 Purchased used delivery van, $20,000cash. Estimated life for the delivery van was 6 years with no salvage value. Straight line depreciation was used for recording depreciation. Sep-15 Paid $600 cash for two grand opening advertisements in the local poper at $300 each. One ad will run this week and the other will run the first week of October. Sep-15 collected payment from Faith IGA for inv. 1 , sold Sept 5 . Sep-16 Paid cash for semi-monthly payroll (Day 1 through Day 15), \$1,808.75 (total payroll, 52,500.00, less deductions: emplovee income tax, $500.00 : social security tax, $155,00; Medicare tax, 536.25 ). Sep-16 Purchased merchandise on account from Super Food Co, for 53,500 , Inv. 707 Sep-18 Sales on account to Dee's tce Creams, for \$1,750, Inv. 4. Sep-19 Week 2 (Sept 13-18) cash sales totaled $6,456. O 2019 by Stapat Accourang Al Aytut Restne General Ledger - Asset Accounts General Ledger - Liability Actounts General Ledger - Liability Accounts General Ledger - Labillty Accounts Notrs Ruvale General Ledger - Owner's Cquity Accounts General Ledger - Revenue Accounts imuenct repcase CHAR OFACCOUNTS THE ACCOUNTNG CYCLE PREPARE TO JOURNALZE AND POST TRANSACTIONS ILLUSTRATION OF THE FIVE TYPES OF JOURNALS ALONG WITH THEIR USE ported WEEK 2 TRANSACTIONS Sep-13 Paid balance owed on accounts payable to Pixley Grocery Store Outiet, inv. 520 Sep-15 Secured a bank loan to purchase the building and land for $80,000. The building was valued at $65,000 and the land was valued at $15,000. It was financed by moking a $20,000 down-payment and obtaining a mortgage for the balance at 5% for 20 years. The company estimates that the buliding will have a 25 -vear useful life and at the end of the 25 years, the building will have a $5,000 residual value. 5 Sep-15 Purchased used delivery van, $20,000cash. Estimated life for the delivery van was 6 years with no salvage value. Straight line depreciation was used for recording depreciation. Sep-15 Paid $600 cash for two grand opening advertisements in the local poper at $300 each. One ad will run this week and the other will run the first week of October. Sep-15 collected payment from Faith IGA for inv. 1 , sold Sept 5 . Sep-16 Paid cash for semi-monthly payroll (Day 1 through Day 15), \$1,808.75 (total payroll, 52,500.00, less deductions: emplovee income tax, $500.00 : social security tax, $155,00; Medicare tax, 536.25 ). Sep-16 Purchased merchandise on account from Super Food Co, for 53,500 , Inv. 707 Sep-18 Sales on account to Dee's tce Creams, for \$1,750, Inv. 4. Sep-19 Week 2 (Sept 13-18) cash sales totaled $6,456. O 2019 by Stapat Accourang Al Aytut Restne General Ledger - Asset Accounts General Ledger - Liability Actounts General Ledger - Liability Accounts General Ledger - Labillty Accounts Notrs Ruvale General Ledger - Owner's Cquity Accounts General Ledger - Revenue Accounts imuenct repcase
