Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the journal entries for a series of transactions. TheExcel templateprovides the instructions. 100% - $ % .0 .00 123- Arial 10 fx Unit 3,

image text in transcribed

Record the journal entries for a series of transactions.

TheExcel templateprovides the instructions.

image text in transcribedimage text in transcribed
100% - $ % .0 .00 123- Arial 10 fx Unit 3, Activity 2 Assignment A B C D E F G H J K L M N O Unit 3, Activity 2 Assignment Journalize the following transactions in the journal page below. Add explanations for the transactions and leave a space between each. 2015 May 3 Paid the rent for May, $1500. by cheque # 85 4 Received $340 from Southco on account. Hint - if you are receiving money is this A/R or A/P? 7 Completed a consulting service for P. Plum on account, $550 8 Paid $65 to Erin Repair on account 9 The owner, Tabatha Lin, withdrew $375 cash for personal use. 13 Paid $43 for the phone bill by cheque #86 18 Got the company van repaired on account with Erin Repair, $282 23 Received $550 from P. Plum on account. 27 Completed a consulting service for G. Dekker, $768, paid by cheque. 30 Paid wages of $600, paid by cheque #87100% $ % .0 .00 123- Arial 10 Y BIS A A1 fx Unit 3, Activity 2 Assignment A B C D E F G H K L M N 18 10 Date Particulars P.R. Debit Credit Chart of Accounts 20 2015 105 Bank 21 May 3 110 A/R - Southco 22 125 Equipment 23 205 A/P - P. Plum 24 210 A/P - Erin Repair 25 4 305 T. Lin, Capital 26 310 T. Lin, Drawings 27 405 Revenue 28 505 Rent Expense 29 7 510 Telephone Expense 30 515 Vehicle Repair Expense 31 520 Wages Expense 32 33 8 34 35 36 37 9 38 39 40 41 13

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Cynthia D Heagy, Constance M Lehmann

7th Edition

1111219516, 978-1111219512

More Books

Students also viewed these Accounting questions

Question

What are the three polymorphs of K-feldspar?

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago