This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: a) General Journal Axia College Material Appendix C Journalizing, Posting, and Preparing a Trial Balance Journalizing the Transactions GENERAL JOURNAL J1 DATE ACCOUNT TITLE AND EXPLANATION REF. DEBIT CREDIT Cash 101 25,000 Common Stock 311 25,000 3-May supplies 201 2,500 7-May office rent 729 900 11-May billed tax assessment 400 2,100 12-May advance 126 3,500 17-May H. Arnold Co. services 126 1,200 31-May secretary-receptionist salary 726 2,000 31-May 40% of balance due Read Supply Company 205 1,000 Use this template to journalize the transactions for Jane Kent, Inc. The first two lines are completed for you. You might not require all the lines provided. May 1 b) Ledger Accounts Axia College Material Appendix C Journalizing, Posting, and Preparing a Trial Balance Posting the Accounts GENERAL LEDGER Cash DATE EXPLANATION REF. DEBIT CREDIT 1-May-2008 J1 25,000 Accounts Receivable DATE EXPLANATION REF. DEBIT CREDIT 12-May-08 advance J1 3,500 Supplies DATE EXPLANATION REF. DEBIT CREDIT 3-May-08 Read...
View Full Document
This note was uploaded on 09/05/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Phoenix.
- Spring '11