Journal entries and trial balance Instructions Chart of Accounts Joumal TAccounts Unadjusted Thal Balance Final Questions Instructions On January 1, 2015, Fahad Ali established Mountain Top Realty, which completed the following transactions during the month Jan 1 2 3 4 Fahad Al transferred cash from a personal bank account to an account to be used for the business $53,000 Paid rent on office and equipment for the month $7,050 Purchased supplies on account, 54240 Paid creditor on account, 52,320 Eamed fees receiving cash 524,180 Paid automobile expenses (including rental charge for month $2,490, and muscelaneous expenses 5560 Paid office salanes, 56,630 Determined that the cost of sole ed a $1.800 5 7 8 Instruction Chart of Accounts Journal Accounts Uniadjusted at Balance Final Questions Instructions Determined that the colorlesed Wass Withdrew cash for personal use, $2.000 Required: 1 oumalatentes for transactions on througe Refer to the chart of accounts for the wording of the account NOW do not use Ines for journal explanations. Every ine on a journal page is used for det er credente CNOW ona will automatically inden credi entry when and amount is entered 2 Post the journal entries to the account, selecting the appropriate date to the left of each amount to the actions Deme account balances after all posting is complete Accounts containing only a single entry do not need a balance. Determine the correct andre balance. The ending balance label is provided on the west side of the account even when the ending balance at the use of on the balance in should be left bank 2. Prepare an adused hot balance as of January 31, 2015 4 Dedemine the following IEET . HEET EMEFT Journal 1. Amaize entries for transactions Jan. through. Refer to me chart of accounts for the exact woning of the account les CNOW umat do not use is worragation Iine on a journal page is used for debtor credirenties CNOWjouma wa utomatically indent acreditentry when a credit amount a entend JOURNAL OLDT POST, BET SET DETE DESCRIPTION 2 1 Journal 5 5 3 1 10 11 11 Journal 11 11 14 11 11 11 19 Instructions Chart of Accounts Journal TAccounts Unadjusted Trial Balance Final Questions TAccounts 2 Post the journal entries to the accounts, selecting the appropriate date to the left of each amount to deny the transactions Defemine the accountances in a com Accounts containing only a single entry do not need a balance Determine the correct ending balance. The ending balance Model is provided on the left side of the multime ending balance is a credit. The unused cell on the balance ine should be left blank Cash Instructions Chart of Accounts Journal TAccounts Unadjusted Trial Balance Final Questions TAccounts Bal Supplies Accounts Payable Bal Fahad Al, Capital TAccounts Fahad All Capital Fahad All, Drawing Fees Earned
