RECORD YOURSELF #3: Journalize and Post Transactions (SLO #3: The student will be able to complete a problem demonstrating the use of journals and ledgers in an accounting system.) Please view the rubric before beginning this assignment. . Due to the file size limits for a media recording in Canvas, we will break this assignment into two parts; this is Part 1. You will only calculate ending account balances in the ledger at the end of Part 2. Journalize the entry below in the provided two column journal. Journal entry explanations are not required. September 4 - Paid cash for supplies, $600. After entering the above journal entry in the journal, post the entry in the provided four- column ledger. Be sure to include your post reference numbers in both the journal and ledger. (Refer to the posting examples in your text for proper post ref. number use.) Journal Page 9 Post Ref. Date Description Debit Credit Account Cash Account No. 11 Balance Post Ref. Item Debit Date 20XX Credit Debit Credit Sept. 1 Balance 20,500 Account Accounts Receivable Account No. 12 Balance Post Ref. Item Debit Date 20XX Credit Debit Credit Sept. 1 Balance 4,000 Account Supplies Account No. 13 Balance Post Ref. Item Debit Credit Debit Date 20xx Credit Sept. 1 Balance 120 Account Equipment Account No. 17 Balance Post Ref. Item Debit Date 20XX Credit Debit Credit Sept. 1 Balance 3,000 Account Accounts Payable Account No. 21 Balance Post Ref. Item Date 20XX Debit Credit Debit Credit Sept. 1 Balance 800 Account N. H. Sabet, Capital Account No. 31 Balance Post Ref. Item Debit Credit Date 20XX Debit Credit Sept. 1 Balance 30,700 Account N. H. Sabet, Drawing Account No. 32 Balance Date 20XX Item Post Ref. Debit Credit Debit Credit Sept. 1 Balance 0 Account Fees Earned Account No. 41 Balance Post Ref. Item Debit Credit Debit Credit Date 20XX Sept. 1 Balance 0 Account Wages Expense Account No. 52 Balance Post Ref. Item Debit Credit Date 20XX Debit Credit Balance Sept. 1 0 RECORD YOURSELF #3: Journalize and Post Transactions (SLO #3: The student will be able to complete a problem demonstrating the use of journals and ledgers in an accounting system.) Please view the rubric before beginning this assignment. . Due to the file size limits for a media recording in Canvas, we will break this assignment into two parts; this is Part 1. You will only calculate ending account balances in the ledger at the end of Part 2. Journalize the entry below in the provided two column journal. Journal entry explanations are not required. September 4 - Paid cash for supplies, $600. After entering the above journal entry in the journal, post the entry in the provided four- column ledger. Be sure to include your post reference numbers in both the journal and ledger. (Refer to the posting examples in your text for proper post ref. number use.) Journal Page 9 Post Ref. Date Description Debit Credit Account Cash Account No. 11 Balance Post Ref. Item Debit Date 20XX Credit Debit Credit Sept. 1 Balance 20,500 Account Accounts Receivable Account No. 12 Balance Post Ref. Item Debit Date 20XX Credit Debit Credit Sept. 1 Balance 4,000 Account Supplies Account No. 13 Balance Post Ref. Item Debit Credit Debit Date 20xx Credit Sept. 1 Balance 120 Account Equipment Account No. 17 Balance Post Ref. Item Debit Date 20XX Credit Debit Credit Sept. 1 Balance 3,000 Account Accounts Payable Account No. 21 Balance Post Ref. Item Date 20XX Debit Credit Debit Credit Sept. 1 Balance 800 Account N. H. Sabet, Capital Account No. 31 Balance Post Ref. Item Debit Credit Date 20XX Debit Credit Sept. 1 Balance 30,700 Account N. H. Sabet, Drawing Account No. 32 Balance Date 20XX Item Post Ref. Debit Credit Debit Credit Sept. 1 Balance 0 Account Fees Earned Account No. 41 Balance Post Ref. Item Debit Credit Debit Credit Date 20XX Sept. 1 Balance 0 Account Wages Expense Account No. 52 Balance Post Ref. Item Debit Credit Date 20XX Debit Credit Balance Sept. 1 0
