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please answer the full question using the given templates thanks in advance Question 3) The general journal below shows the transactions of the Alhekma Company.
please answer the full question using the given templates
thanks in advance
Question 3) The general journal below shows the transactions of the Alhekma Company. You are requested to post the journal entries from general journal to the general ledger. After all entries have been posted, prepare a trial balance on the form provided. (4+3-7 marks) General Journal J1 Ref Date 2017 Sept. 1 Account Titles and Explanation Debit Credit Cash 35,000 Share Capital-Ordinary 35,000 (Issued ordinary shares for cash) 4 Equipment 30,000 Cash Notes Payable 10,000 20,000 (Paid cash and issued 2-year, 9%, note for equipment) Rent Expense 1,000 Cash 1,000 (Paid September rent) 15 Prepaid Insurance 400 Cash 400 (Paid one-year liability insurance) Cash 2,500 Service Revenue 2,500 (Received cash for delivery services) 20 alaries and Wages Expense 500 Cash 500 (Paid salaries for current period) 25 Utilities Expense 600 Accounts Payable 600 (Received a bill for September utilities)Step by Step Solution
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