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. 2. Purchased a vehicle on account from McIntyre Sales Co., $26,900. 3. Purchased office equipment on account from Office Mate Inc., $1,570. 5. Issued Invoice No. 91 to Ellis Co., $7,000. 6. Received check for $7.950 from Chavez Co. in payment of invoice. 71 Issued Invoice No. 92 to Trent Co., 59,840. Issued Check No. 206 for fuel expense, $820. 10. Received check for $10,000 from Sajeev Co. in payment of invoice. Issued Check No. 207 te Office City in payment of $450 invoice. 10. 10. Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice. Issued Invoice No. 93 to Jarvis Co., $7,200. Issued Check No. 209 to Porter Co, in payment of $415 invoice. 12. Received check for $7,000 from Ellis Co, in payment of March 5 invoice, 13. Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2 16. Cash fees earned for March 1-16, 526,800. 16. Issued Check No. 211 for purchase of a vehicle. 528,500. 17 Issued Check No. 212 for miscellaneous administrative expense, 54,680. 18. Purchased maintenance supplies on account from Bastille Co. $2,480. 18. 19. Received check for rent revenue on office space 5900. Purchased the following on account from Master Supply Co., maintenance supplies 52.640, and office supplies $1.500 20. Issued Check No. 213 in payment of advertising expense $8.590. 20. Used maintenance supplies with a cost of $4.400 to repair vehicles 20 Purchased office supplies on account from Office City $990. Issued invoice No. 94 to Sajeev Co $9.200. 25. Received check for 514000 from Chavez con payment of invoice Issued Invoice No. 94 to Sajeev Co. $9.200. 25. Received check for $14,000 from Chavez Co. in payment of invoice, 25. Issued Invoice No. 95 to Trent Co., $6,300. 26. Issued Check No. 214 to Office Mate Inc. in payment of $1,570 invoice of March 3. 27 Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000. 30. Issued Check No. 216 in payment of driver salaries, $33,300. 31. Issued Check No. 217 in payment of office salaries, $21,200. 31. Issued Check No. 218 for office supplies, $600. 31. Cash fees earned for March 1731, $29,400. Required: 1. The following accounts are setup in the general ledger as of March 1. Using the information below, enter the balances for each account. Cash 565,200 32 3. Wu, Drawing 12 Accounts Receivable 31,950 41 Fees Earned 14 Maintenance Supplies 7.240 42 Rent Revenue 15 Office Supplies 3,690 51 Driver Salanes Expense 16 Office Equipment 17.300 52 Maintenance Supplies Expense Accum. Dept-Office Equip. 4,250 53 Fuel Expense 18 Vehicles 62,400 61 Office Salaries Expense 19 Accum, Depr.-Vehicles 17.800 62 Rent Expense 27 Accounts Payable 2.755 63 Advertising Expense 162.975 64 J. Wu, Capital Miscellaneous Administrative Exp. 2a. Journalize the transactions for March using the purchases joumal (with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts). Assume that the daily postings to the individual a the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If no entry is required, type "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. PURCHASES DOURNAL PAGE 37 Accounts Office Post Maintenance Supplies Other Accounts Post. Date Account Oredited Payable Supplies Amount Ref. Dr. Re or Dr. Dr. 2b. Journalize the transactions for March using the cash receipts journal. Assume that the daily postings to the ndividue accounts in the accounts payable subsidiary ledger and the accounts receivable subs clav ledger 2b. Journalize the transactions for March using the cash receipts journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If an amount box does not require an entry, leave it blank. CASH RECEIPTS JOURNAL PAGE 31 Other Accounts Accounts Date Account Credited Cash Dr! Post. Ref. or Receivable (v) posting to the individual accounts in the accounts payable subsidiary ledger and the acceso 2c. Journalize the transactions for March using the single-column revenue journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been REVENUE JOURNAL PAGE 35 Invoice Post. Accounts Rec. Dr. Date Account Debited No. Ref. Fees Earned Or. 2d. Journalize the transactions for March using the cash payments journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. If an amount box does not require an entry, leave it blank. CASH PAYMENTSUJOURNAL PAGE 34 Other AROUN Date Ck. No. Account Debited Post. Rer ACCOUnts Payable Cash or DO! lll lll. 2e. Journalize the transactions for March using the two-column general journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have be If an amount box does not require an entry, leave it blank. JOURNAL PAGE 1 Date Description Post. Ref. Debit Credit on eriner 3. Post the appropriate individual entries to the general ledger. 4. Total each of the columns of the special journals, and post the appropriate totals to the general ledger: insert the account balances If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with "3". Cash Receipts begin with "CR". Cash Payments with "CP". Revenue Journal begins with "R" and Purchases Journal begins with "p". For example Journal/ Cash Re Payments/ Revenue Journal/ Purchases Journal, page 1/31/34/35/37 respectively. POST. REF. is simply J1, CR31, CP34, R35 and P37 GENERAL LEDGER Balance Date Item Post. Ref. Debit Credit Dr. Cr Account: Cash +11 Mar 1 Balance Account: Accounts Receivable =12 Mar. 1 Balance Account: Maintenance Supplies = 14 Mar. 1 Balance II Account: Office Supplies =15 Man i Balance ull II III I III Account: Office Equipment = 16 Man Balance Account: Accumulated Depreciation-office Equipment #17 Mar 1 Balance Account: Vehicles #18 Mar 1 Balance Account: Accumulated Depreciation-Vehicles - 19 Mar. 1 Balance Account: Accounts Payable =21 Mar 1 Balance Account:). Wu, Capital =31 Mar 1 Balance Account:). Wu, Drawing =32 Account: Fees Earned =41 Account: Rent Revenue 2 Account: Driver Salaries Expense = 51 Account Maintenance Supplies Expanse = 52 Account Fue EXOSO 53 Account: Fuel Expense #53 Account: Office Salaries Expense #61 III Account: Rent Expense =62 Mar 1 11111 Account: Advertising Expense =53 Account: Miscellaneous Administrative Expense = 64 5. Prepare a trial balance, If an amount box does not require an entry, leave it blank. AM EXPRESS COMPANY Unadjusted Trial Balance March 31 Debit Balances Credit Balances Cash Accounts Receivable Maintenance Supplies Office Supplies Office Equipment Accumulated Depreciation-Office Equipment Vehicles Accumulated Depreciation-Vehicles Accounts Payable 1. Wu, Capital 3. Wu, Drawing Fees Earned Rent Revenue Driver Saaries Expense Maintenance Supplies Baense Fuel Expense Office Salaries Expense Rent Expense Advertising Expense Miscellaneous Administrative penge