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The transactions of Matile Delivery Company are recorded in the general journal below. You are to post the entries to T accounts (include dates) and

The transactions of Matile Delivery Company are recorded in the general journal below. You are to post the entries to T accounts (include dates) and foot and balance the T accounts. Prepare a trial balance in good order and form with complete headings. Dont forget that there is a specific order of accounts: assets (in order of liquidity), liabilities (in order of liquidity), owners capital, owners withdrawals, revenues and expenses.

General Journal

Page 1

Date

Description

Debit

Credit

20XX

April

1

Cash

15,000

Matile, Capital

15,000

4

Delivery Trucks

30,000

Cash

10,000

Notes Payable

20,000

8

Rent Expense

1,000

Cash

1,000

15

Prepaid Insurance

400

Cash

400

18

Cash

2,500

Delivery Revenue

2,500

20

Salaries Expense

500

Cash

500

25

Utilities Expense

100

Accounts Payable

100

30

Matile, Withdrawals

800

Cash

800

30

Accounts Receivable

2,000

Delivery Revenue

2,000

Trial Balance

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