Problem 5-5A - CompleteInstruction #2 only(plus posting references)

You do not have to post, but assume that you have posted and put in the posting references, both for the subsidiary ledger and the general ledger. (Be sure to total the columns before putting in the posting references.) Use the included Excel template for this problem.You are only required to complete Instruction #2 of this problem, which is journalizing in all four of the special journals and the general journal. It is a good idea to go through the transactions first to decide which journal will be used. Here is a brief summary of what goes in each journal:

1) Revenue Journal: Revenue on account. 2) Purchases Journal : Purchases on account. 3) Cash Receipts Journal: All cash received. 4) Cash Payments Journal: All cash paid. 5) GeneralJournal:Itemswhichdonotgotooneofthespecialjournals.

From the text book:

The transactions completed by Revere Courier Company during December 2016, the first month of the fiscal year, were as follows: Dec 1. Issued Check No. 610 for December rent, $4,500. Dec 2. Issued Invoice No. 940 to Capps Co., $1,980 Dec 3. Received check for $5,100 from Trimble Co. in payment of account. Dec 5. Purchased a vehicle on account from Boston Transportation, $39,500. Dec 6. Purchased office equipment on account from Austin Computer Co., $4,800. Dec 6. Issued Invoice No. 941 to Dawar Co., $5,680. Dec 9. Issued Check No. 611 for fuel expense, $800. Dec 10. Received check from Sing Co. in payment of $4,850 invoice. Dec 10. Issued Check No. 612 for $360 to Office To Go Inc. in payment of invoice. Dec 10. Issued Invoice No. 942 to Joy Co., $2,140. Dec 11. Issued Check No. 613 for $3,240 to Essential Supply Co. in payment of account. Dec 11. Issued Check No. 614 for $650 to Porter Co. in payment of account. Dec 12. Received check from Capps Co. in payment of $1,980 invoice of December 2. Dec 13. Issued Check No. 615 to Boston Transportation in payment of $39,500 balance of December 5. Dec 16. Issued Check No. 616 for $40,900 for cash purchase of a vehicle. Dec 16. Cash fees earned for December 1-16, $21,700 Dec 17. Issued Check No. 617 for miscellaneous administrative expense, $600. Dec 18. Purchased maintenance supplies on account from Essential Supply Co., $1,750. Dec 19. Purchased the following on account from McClain Co.: maintenance supplies, $1,500; office supplies, $325 Dec 20. Issued Check No. 618 in payment of advertising expense. $1,990 Dec 20. Used $3,600 maintenance supplies to repair delivery vehicles. Dec 23. Purchased office supplies on account from Office To Go Inc., $440. Dec 24. Issued Invoice No. 943 to Sing Co., $6,400 Dec 24. Issued Check No. 619 to S. Holmes as a personal withdrawal. $3,200. Dec 25. Issued Invoice No. 944 to Dawar Co., $5,720 Dec 25. Received check for $4,100 from Trimble Co. in payment of balance. Dec 26. Issued Check No. 620 to Austin Computer Co. in payment of $4,800 invoice of December 6. Dec 30. Issued Check No. 621 for monthly salaries as follows: driver salaries, $16,900; office salaries, $7,600. Dec 31. Cash fees earned for December 17-31, $19,700. Dec 31. Issued Check No. 622 in payment for office supplies, $310. Instruction #2 Journalize the transactions for December 2016, using the following journals similar to those illustrated in this chapter: cash receipts journal (p. 31), purchases journal (p. 37, with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts), single-column revenue journal (p. 35), cash payments journal (p. 34), and two-column general journal (p. 1). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.