K Consider the following for Suarez Computer Center during July and August 201X, the first two months of operations: (Click the icon to view the July and August transactions.) (Click the icon to view the chart of accounts.) (Click the icon to view the August trial balance.) The computer center's business is picking up, so Troy Falco, the owner, has decided to exp his bookkeeping system to a general journal/ledger system. The balances from August have been forwarded to the ledger accounts. (Click the icon to view the September transactions.) Assignment Assignment 2. Post all journal entries to the general ledger accounts (the Prepaid Rent Account #1025 has been added to the chart of accounts). The August 31 balances have been entered into the ledger accounts for you. (If more than one transaction is required to post to an account, enter the transactions in the same order as given in the information. Only use as many lines as needed to post the transaction(s) to each account. If a box is not used in the transaction or the account balance is zero, leave the box empty; do not enter a zero. For purposes of this problem, ignore posting references.) Review the journal entries you prepared above. Cash Account No. 1000 Balance Post. Date Explanation Ref. Debit Credit Debit Credit Aug 31 Balance forward 10,970 Sep. 1 1,500 2 420 6 150 8 200 12 1100 15 500 17 2100 26 750 Aug Sep. Sep. Date Accounts Receivable Account No. 1020 Post. Balance Explanation Ref. Debit Credit Debit Credit 31 Balance forward 1,100 Prepaid Rent Account No. 1025 Balance Post. Date Explanation Ref. Debit Credit Debit Credit Computer Shop Equipment Account No. 1080 Post. Balance Date Explanation Ref. Debit Credit Debit Credit Aug 31 Balance forward 1,260 Sep. Accounts Payable Account No. 2000 Balance Post. Date Explanation Ref. Debit Credit Debit Aug 31 Balance forward Sep. Video Get more help Credit 1,150 Service Revenue Account No. 4000 Balance Post. Date Explanation Ref. Debit Credit Debit Credit Aug 31 Balance forward 5,600 Sep. Date Aug Sep. Utilities Expense Account No. 5030 Post. Balance Explanation Ref. Debit Credit Debit Credit 31 Balance forward 100 Utilities Expense Account No. 5030 Balance Post. Date Explanation Ref. Debit Credit Debit Credit Aug 31 Balance forward 100 Sep. Date Aug Sep. Phone Expense Account No. 5040 Post. Balance Explanation Ref. Debit Credit Debit Credit 31 Balance forward 200 More info Question 2, Keeping It Real (book/static) HW Score: 52.28%, 26.14 4 of 20 ess is picking July: a. Invested $12,500 of his savings into the business b. Paid $1,260 (check # 8095) for the computer from Hardware Haven, Inc. C. Paid $1,500 (check # 8096) for office equipment from In Office Fumiture, Inc. d. Set up a new account with Nuts and Bolts and purchased $500 in office supplies on credit e. Paid July rent, $800 (check # 8097). f. g. Repaired a system for a customer and collected $1,000. Collected $700 for system upgrade labor charge from a customer. h. Electric bill due but unpaid, $100. i. j. Collected $1,400 for services performed on Viral Video computers Withdrew $1,500 (check # 8098) to take his wife, Carol, out in celebration of opening the new business August: k. Received the phone bill for month of July, $200. Paid $300 (check #8099) for insurance for the month. m. Paid $50 (check #8100) of the amount due from transaction d in the July list of transactions. n. Paid advertising expense for the month, $500 (check #8101). o. Billed a client (Kristen Tarsia) for service rendered, $1,100. p. Collected $1,400 for services rendered. (Assume cash collection occurred at the same time services were rendered.) q. Paid the electric bill in full for the month of July (check #8102, transaction h from the July list of transactions) Print Done 99+ general jour accounts. e Septembe More info ng It Real HW Score: 52.28%, 26.1 4 of 20 - ess is picki general jo b. Paid $1,260 (check # 8095) for the computer from Hardware Haven, Inc. C. Paid $1,500 (check # 8096) for office equipment from In Office Furniture, Inc. d. Set up a new account with Nuts and Bolts and purchased $500 in office supplies on credit. e. Paid July rent, $800 (check # 8097) f. Repaired a system for a customer and collected $1,000 g. Collected $700 for system upgrade labor charge from a customer. h. Electric bill due but unpaid, $100. i. Collected $1,400 for services performed on Viral Video computers. j. Withdrew $1,500 (check #8098) to take his wife, Carol, out in celebration of opening the new business. August: k. Received the phone bill for month of July, $200. accounts. e Septemb I. Paid $300 (check #8099) for insurance for the month. m. Paid $50 (check #8100) of the amount due from transaction d in the July list of transactions. n. Paid advertising expense for the month, $500 (check #8101). o. Billed a client (Kristen Tarsia) for service rendered, $1,100. p. Collected $1,400 for services rendered. (Assume cash collection occurred at the same time services were rendered.) q. Paid the electric bill in full for the month of July (check #8102, transaction h. from the July list of transactions). . Paid cash (check #8103) for $20 in stamps. S. Purchased $500 worth of supplies from The Computer Store on credit. Print Done 99+ Suarez Computer Center 385 N. Escondido Blvd. Escondido CA 92025 8104 September, 1, 201X Pay To the Order of Chapin Corp. First Union Bank 322 Glen Ave. Escondido, CA 92025 memo Prepaid Rent Aug, Sep, Oct. Troy Falco $1,500.00 0611 062 78 72 *One check written for 3 months' rent on September 1. That included August rent. Consider it all prepaid. Suarez Computer Center 385 N. Escondido Blvd. Invoice No. 12671 INVOICE Customer Cas Name Tonya Parker Jones Date Sep. 2, 201X Address 12672 Royal Lane Order No. A512 City Phone Carisbad State CA ZIP 92008 Credit Terms n/a (760) 720-2954 FOB n/a Qty Description of Service Charge TOTAL Acc Print Done 99+ 16 16 Vie tili Cas More info Suarez Computer Center 385 N. Escondido Blvd. Invoice No. 12671 INVOICE Customer Name Tonya Parker Jones Date Sep. 2, 201X Address 12672 Royal Lane Order No. A512 City Cansbad State CA ZIP 92008 Credit Terms n/a Phone (760) 720-2954 FOB n/a Qty 1 Description of Service Upgrade 386 CPU to Pentium 133mhz board Charge TOTAL $420 $420 add 16x CD-Rom Payment Details 00 Cash Check Credit Card Name CC# Expires SubTotal $420 Shipping & Handling Taxes CA $0.00 TOTAL $420 Office Use Only Warranty information 30 days Thank you for your business Suarez Computer More info Question 2, Keeping It Real (book/static) Customer Suarez Computer Center 385 N. Escondido Blvd Name Lilly Life Address 1414 Genesis St. Invoice No. 12672 INVOICE Date Order No. Sep 6, 201X A513 City Carisbad Phone (760) 945-1212 Qty Upgrade Ram to 4-72pin Ram 64mb State CA ZIP 92008 Credit Terms n'a FOB Description of Service Charge TOTAL $150 $150 Payment Details Cash Check Name CO Credit Card Suarez Computer Center Expires SubTotal $150 Taxes Shipping & Handling CA $0.00 TOTAL $150 Office Use Only Warranty information 30 days Thank you for your business Print Done 8105 HW Score: 52.28% - X 6.14 of siness is o a gene ger acco the Sep More info Question 2, Keeping It Real (book/static) Suarez Computer Center 385 N. Escondido Blvd. Escondido CA 92025 Pay To the Order of Pacific Bell First Union Bank 322 Glen Ave. Escondido, CA 92025 memo August phone bill transaction (k) 0611 062 78 72 Kristen Tarsia 1919 Sierra St. Escondido CA 92025 To the Order of Suarez Computer Center 8105 September 8, 201X Troy Falco Refer to transaction k. Bank First 322 Cardiff Ave. Escondido, CA 92025 memo Computer Fixed, Transaction (o) 1330 33 $200 251 September 12, 201X $1,100 ---- Kristen Tarsia Print Done HW Question 2, Keeping It Real (book/static) HW Score: 52.28% 6.14 o More info fo siness a gen Vie Vie ger acc VIE 385 N. Escondido Blvd. Escondido CA 92025 Pay September 15, 201X the Se Utili Cas Acc To the Order of The Computer Store First Union Bank 322 Glen Aver Escondido, CA 92025 memo Account due from transaction (s) Troy Falco 0611 062 78 72 Refer to transactions. Suarez Computer Center 385 N. Escondido Blvd. Escondido CA 92025 Pay To the Order of Hardware Haven. First Union Bank 322 Glen Ave. Escondido, CA 92025 Pinchase de 200 memo Computer Eauibment-Bench Workstations Print Done $500 8107 September 17, 201X $2,100 Troy Falco 624949791&questionid=3&flushed=false&cid=6949485¢erwin=yes More info Question 2, Keeping It Real (book/static) It's Pacific Bell USA For You 411 Center St. Escondido, CA 92025 800-411-4111 fax 760-745-9991 Invoice No. ECC743-7434 Customer Name Suarez Computer Center Address 385 N. Escondido Blvd. Date Order No. City Escondido Phone (760) 743-7434 Qty State CA ZIP 92025 INVOICE Sep. 20, 201X ECO7437434 Credit Terms net 30 FOB n/a Description of Service: Aug 1, 20XX to Aug 31, 20XX Phone Service. Call Waiting, Call Forwarding Business Use Charge TOTAL $35 $35 Payment Details 0 Cash Net 30 Credit Card Name CC# Expires SubTotal $35 Late Charge SPRE $0.00 Amount Due Office Use Only Customer Service Call Toll Free 800-411-4111 Payment due by Oct. 19, 20XX Print Done $35 HW Score: 52.28%, 26.14 of 5 X 6.14 of 20 siness is picking up, a general journal/l ger accounts. the September tran San Diego Electric 1515 Industrial Blvd Escondido, CA 92025 760-745-1999 fax 760-745-9991 Invoice No A60692443 INVOICE Customer Name Suarez Computer Center Date Sep. 22, 201X Address 385 N. Escondido Blvd. Order No. 385-66725-9045 City Escondido Phone (760) 743-7434 Qty 1 Aug 1, 20XX to Aug 31, 20XX Baseline Allowance 241 kWh 1270 State CA ZIP 92025 Credit Terms net 30 FOB na Description of Service Charge TOTAL $85 $85 Payment Details Cash Net 30 O Credit Card Name CC Expires SubTotal $85 Late Charge CBSE $0.00 Amount Due REBEL $85 Office Use Only Questions? Please Call: 1-800-411-7227 Payment due by Oct. 19, 20XX Print Done Suarez Computer Center 385 N. Escondido Blvd. Invoice No. 12673 Customer Name Howard Trale Address 300 Carisbad Dr. Date Order No. INVOICE Sep. 26, 201X A514 ALH City Carisbad State CA ZIP 92008 Credit Terms n/a Phone (760) 720-2199 FOB n/a Qty Description of Service add video card 2mb dram 64 diamond stealth Charge $750 TOTAL $750 Payment Details Cash 00 Check Name CC# Credit Card Expires SubTotal Shipping & Handling Taxes CA $750 DBLONDEWE $0.00 TOTAL BUDOYCE $750 Office Use Only Warranty information 30 days Thank you for your business Print Done siness is picking up, s o a general journal/led ger accounts. the September trans Customer Suarez Computer Center 385 N. Escondido Blvd. Invoice No. 12674 INVOICE Name Dr. Michael Turiono Date Sep. 28, 201X Address 229 Diamond Rich Ave. Order No. A515 City Carisbad Phone (760) 729-2777 Qty 1 State CA ZIP 92008 Credit Terms net 15 days FOB na Description of Service Set up Network 10BaseT-10 Stations 1 Server Charge TOTAL $2,700 $2,700 Payment Details Cash/Check Net 15 days O Credit Card Name CC Expires SubTotal $2,700 Shipping & Handling Taxes CA LH $0.00 Warranty information 30 days Thank you for your business TOTAL $2,700 Office Use Only