The transactions completed by AM Express Company during March, the first month of the fiscal year, were as follows:

Mar 1. Issued Check No. 205 for March rent, $2,450.

Mar 2. Purchased a vehicle on account from McIntyre Sales Co., $26,900.

Mar 3. Purchased office equipment on account from Office Mate Inc., $1,570.

Mar 5. Issued Invoice No. 91 to Ellis Co., $7,000.

Mar 6. Received check for $7,950 from Chavez Co. in payment of invoice.

Mar 7. Issued Invoice No. 92 to Trent Co., $9,840.

Mar 9. Issued Check No. 206 for fuel expense, $820.

Mar 10. Received check for $10,000 from Sajeev Co. in payment of invoice.

Mar 10. Issued Check No. 207 to Office City in payment of $450 invoice.

Mar 10. Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.

Mar 11. Issued Invoice No. 93 to Jarvis Co., $7,200.

Mar 11. Issued Check No. 209 to Porter Co. in payment of $415 invoice.

Mar 12. Received check for $7,000 from Ellis Co. in payment of March 5 invoice.

Mar 13. Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2.

Mar 16. Cash fees earned for March 116, $26,800.

Mar 16. Issued Check No. 211 for purchase of a vehicle, $28,500.

Mar 17. Issued Check No. 212 for miscellaneous administrative expense, $4,680.

Mar 18. Purchased maintenance supplies on account from Bastille Co., $2,430.

Mar 18. Received check for rent revenue on office space, $900.

Mar 19. Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500.

Mar 20. Issued Check No. 213 in payment of advertising expense, $8,590.

Mar 20. Used maintenance supplies with a cost of $4,400 to repair vehicles.

Mar 21. Purchased office supplies on account from Office City, $990.

Mar 24. Issued Invoice No. 94 to Sajeev Co., $9,200.

Mar 25. Received check for $14,000 from Chavez Co. in payment of invoice.

Mar 25. Issued Invoice No. 95 to Trent Co., $6,300.

Mar 26. Issued Check No. 214 to Office Mate Inc. in payment of $1,570 invoice of March 3.

Mar 27. Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000.

Mar 30. Issued Check No. 216 in payment of driver salaries, $33,300.

Mar 31. Issued Check No. 217 in payment of office salaries, $21,200.

Mar 31. Issued Check No. 218 for office supplies, $600.

Mar 31. Cash fees earned for March 1731, $29,400.

Instructions: 1. Journalize the transactions for March, using the following journals similar to those illustrated in this chapter: single-column revenue journal, cash receipts journal, purchases journal (with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts), cash payments journal, and two column general journal. Also do the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger.

Answer Check Figure: Total cash receipts, $96,050

2. Post the appropriate individual entries to the general ledger. 3. Total each of the columns of the special journals and post the appropriate totals to the general ledger; insert the account balances. 4. Prepare a trial balance.