Question
P7-1C. Mary James owns Mary's Card House in Halifax. As her newly hired accountant, your task is to a. Journalize the following transactions for
P7-1C. Mary James owns Mary's Card House in Halifax. As her newly hired accountant, your task is to a. Journalize the following transactions for the month of March. b. Record in subsidiary ledgers and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable and a schedule of accounts payable at month-end. The following is the partial chart of accounts for Mary's Card House: Assets 1100 Cash 1200 Accounts Receivable Q1300 Card Display Supplies 1450 Prepaid Rent 1500 Inventory 1620 Delivery Truck Revenue 4100 Card Sales 4120 Sales Returns and Allowances 4130 Sales Discounts Cost of Goods 5100 Cost of Goods Sold Liabilities 2100 Accounts Payable 2200 Bank Loan Payable Owner's Equity 3000 M. James, Capital Expenses 6100 Salaries Expense 6150 Cleaning Expense
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