Journalizing and Post Transactions

Chart of Accounts

Assets

101 Cash

142 Office Supplies

181 Office Equipment

Revenues

401 Consulting Fees

Liabilities

202 Accounts Payable

Expense

511 Wages Expense

512 Advertising Expense

521 Rent Expense

525 Telephone Expense

526 Transporation Expense

533 Utilites Expense

549 Misc Expense

Owners Equity

311 Annette Creighton, Capital

312 Annette Creighton, Drawing

Jan 1. Creight invested cash in the buiness $10,000

1. Paid Rent $5500

2. Purchased Office Supplies on account, $300

4. Purchased office equipment on account $1500

6. Received Cash for services rendered, $580

7. Paid Telephone bill $42

8. Paid Utilites bill, $38

10. Received Cash for services rendered $360

12 Made payment on account $50

13. paid for car rental while visiting an out-of-town client (transporation expense) $150

15 Paid part-time worker $360

17 Received cash for services rendered $420

18 Creighton withdrew cash for personal use $100

20 Paid for newspaper ad $26

22. Reimbursed part-time employee for cab fare incurred delivering materials to clients (transporation expense) $35

24 Paid for books on consulting practices (misc expense) $28

25 Received cash for servies rendered $320

27 Made payment on account for office equipment purchased $150

29 Paid part-time worker $360

30 Received cash for services rendered $180

SET UP GENERAL LEDGER ACCOUNTS FROM CHART OF ACCOUNTS

JOURNALIZE THE TRANSACTION FOR JAN IN A TWO COLUMN GENRAL GOURNAL PAGE NUMBERS: JANU 1-10, PAGE 1. JAN 12-24 PAGE 2, JAN 25-30 PAGE 3

POST THE TRANSACTION TO THE GENRAL LEDGE

PREPARE A TRIAL BALANCE

PREPARED AN INCOME STATMENT AND STATMENT OF OWNERS EQUITY FOR THE MONTH OF JAN AND A BLANCE SHEET AS OF JANUARY 31 2015