Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Urgent: The general ledger and the trial balance are both one part of the question, and are required as formatted copy-able tables (not screenshots). Thanks!

Urgent: The general ledger and the trial balance are both one part of the question, and are required as formatted copy-able tables (not screenshots). Thanks!

image text in transcribed

image text in transcribed

image text in transcribed

You are the Bookkeeper for the Business of 'Fairies and Pirates'. This is an entertainment business for young children's birthday parties. Post the following General Journal Transactions to the General Ledger of Fairies and Pirates. 1. Complete all necessary General Ledger details and then correctly close each General Ledger Account. (Make sure you include ALL details e.g. Chart of account numbers etc.) AND Complete the Trial Balance for the month ended 31 July 2018 in the grid provided. t 2017 3 Cash at Bank 10 $8,000.00 Capital 30 $8,000.00 Owner investment 3 Equipment 19 3,200.00 : Cash at Bank 10 1,000.00 Account Payable 21 2,200.00 Equipment bought part on Account and part for cash 4. Supplies Expense 50 80.00 Account Payable 21 80.00 Credit purchase of supplies 9 Account Receivable 12 4,000.00 Service Revenue 40 4,000.00 Invoiced Mr. Man for party entertainment 12 Telephone expense 51 900.00 : Cash at Bank 10 900.00 Paid telephone GENERAL LEDGER of Fairies and Pirates Cash at Bank 1 1 I Account Receivable I Equipment Accounts Payable Capital Service Revenue Supplies Expense Telephone Expense Trial Balance of Fairies and Pirates as at 31 July 2018 1 Debits Credits 1 1 1 1 1

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_2

Step: 3

blur-text-image_3

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

Todays Mood Is Sponsored By Auditing

Authors: Ruby Publishing

1st Edition

B08BG52SST, 979-8655512771

More Books

Students also viewed these Accounting questions

Question

Round to indicated place value 96, 399, 533.49 tens

Answered: 1 week ago