On October 1, 20X1, Helen Kennedy opened an advertising agency.

DATE			TRANSACTIONS
Oct.	1		Helen Kennedy invested $58,000 cash in the business.
	2		Paid October office rent of $2,900; issued Check 1001.
	5		Purchased desks and other office furniture for $14,800 from Office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days.
	6		Issued Check 1002 for $3,100 to purchase art equipment.
	7		Purchased supplies for $1,450; paid with Check 1003.
	10		Issued Check 1004 for $580 for office cleaning service.
	12		Performed services for $4,000 in cash and $1,800 on credit. (Use a compound entry.)
	15		Returned damaged supplies for a cash refund of $380.
	18		Purchased a computer for $2,900 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,700 down payment, with the balance payable in 30 days. (Use one compound entry.)
	20		Issued Check 1006 for $7,400 to Office Furniture Mart, Inc., as payment on account for Invoice 6704.
	26		Performed services for $4,300 on credit.
	27		Paid $315 for monthly telephone bill; issued Check 1007.
	30		Received $3,600 in cash from credit customers.
	30		Mailed Check 1008 to pay the monthly utility bill of $390.
	30		Issued Checks 10091011 for $7,900 for salaries.

Required:

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

General Journal Ledger Accounts Analyze Journalize the above transactions. No Date General Journal Debit Credit 1 Oct 01, 20X1 58.000 Cash Helen Kennedy, Capital lo 58 000 2 Oct 02, 20X1 2.900 Prepaid rent Cash olol 2.900 3 Oct 05, 20X1 14.300 Office equipment Accounts payable olo 14.800 4 Oct 06, 20X1 3.100 Art equipment Cash 010 3,100 5 Oct 07, 20X1 1.450 Supplies Cash olo 1,450 6 Oct 10, 20X1 580 Office cleaning expense Cash OO 580 7 Oct 12, 20X1 Cash 4.000 1,800 Accounts receivable ololo Fees income 5.800 lo 6 Oct 15, 20X1 Cash ol 380 Supplies 380 9 Oct 18, 20X1 2.900 Office equipment Cash 000 1,700 00 Accounts payable 1.200 10 Oct 20, 20X1 7.400 Accounts payable Cash olo 7.400 0 11 Oct 26, 20X1 Accounts receivable 4,300 los Fees income 4.300 lo 12 Oct 27, 20X1 315 Telephone expense Cash glo 315 13 Oct 30, 20X1 Cash 3.600 OO Accounts receivable 3.600 Oct 30, 20X1 390 Utilities expense Cash OO 390 15 Oct 30, 20X1 7.900 Salaries expense Cash lolo 7.900 General Journal Ledger Accounts Analyze Post the above transactions to the ledger accounts. Cash Account No. 101 Credit Balance Accounts Receivable Date Debit Account No. 111 Credit Balance Date Debit Supplies Account No. 121 Credit Balance Prepaid Rent Date Debit Account No. 134 Credit Balance Date Debit Office Equipment Date Debit Account No. 141 Credit Balance Art Equipment Date Debit Account No. 151 Credit Balance Accounts Payable Date Debit Account No. 202 Credit Balance Helen Kennedy, Capital Date Debit Account No. 301 Credit Balance Helen Kennedy, Drawing Date Debit Account No. 302 Credit Balance Fees Income Date Debit Account No. 401 Credit Balance Office Cleaning Expense Date Debit Account No. 511 Credit Balance Salaries Expense Date Debit Account No. 517 Credit Balance Telephone Expense Date Debit Account No. 520 Credit Balance Utilities Expense Date Debit Account No. 523 Credit Balance General Journal Ledger Accounts Analyze What is the balance of account 202 in the general ledger? Balance of account 202