On October 1, 2019, Helen Kennedy opened an advertising agency.

DATE	TRANSACTIONS
Oct. 1	Helen Kennedy invested $65,000 cash in the business.
2	Paid October office rent of $3,250; issued Check 1001.
5	Purchased desks and other office furniture for $13,500 from Office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days.
6	Issued Check 1002 for $3,450 to purchase art equipment.
7	Purchased supplies for $1,800; paid with Check 1003.
10	Issued Check 1004 for $450 for office cleaning service.
12	Performed services for $4,350 in cash and $2,150 on credit. (Use a compound entry.)
15	Returned damaged supplies for a cash refund of $250.
18	Purchased a computer for $3,250 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,875 down payment, with the balance payable in 30 days. (Use one compound entry.)
20	Issued Check 1006 for $6,750 to Office Furniture Mart, Inc., as payment on account for Invoice 6704.
26	Performed services for $4,650 on credit.
27	Paid $250 for monthly telephone bill; issued Check 1007.
30	Received $3,950 in cash from credit customers.
30	Mailed Check 1008 to pay the monthly utility bill of $325.
30	Issued Checks 10091011 for $8,250 for salaries.

Required:

1. Journalize the above transactions.
2. Post the above transactions to the ledger accounts.

Analyze: What is the balance of account 202 in the general ledger?

Complete this question by entering your answers in the tabs below.

• General Journal
• Ledger Accounts
• Analyze