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Prepare journal entries for the transactions for M. Conway's (Architectural) business using the: Journal, Ledger & Trial Balance template. Be sure to include a
Prepare journal entries for the transactions for M. Conway's (Architectural) business using the: Journal, Ledger & Trial Balance template. "Be sure to include a description for each transaction including the type of source document and source document number (if applicable). Start on Journal page 1. Use the chart of accounts shown to assist you with account identification and account names You do not need to do anything with the account numbers at this point. Ignore the extra tabs in the journal template file for now. We will use those sheets and sections later. 100 Cash 101 Accounts Receivable/Bakos Contractors 141 Office Equipment 142 Automobile 200 Accounts Payable/Ajax Motors 300 M. Conway, Capital 400 Fees Earned 607 Rent Expense 608 Salaries Expense 610 Telephone Expense Feb. 1 23 M. Conway invested $40 000 cash in an architectural consulting business. Bought office equipment, $6000, Cheque 1. 3 Bought an automobile for the business from Ajax Motors Ltd. on credit. The price of the car was $28 000, Invoice 7469. 45 5 555 Received $1500 for services provided to a customer, Sales Slip 1. Sent Invoice 1 for $1000 to Bakos Contractors for architectural services provided. Paid the February rent, $1600, Cheque 2. Paid office salaries, $1450, Cheque 3. Paid $150 for the installation of a telephone, Cheque 4.
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