in the Chapter 2 folder under Instructor Resources in the main course menu on

In the chapter 2 folder under instructor resources in

This preview shows page 2 - 9 out of 11 pages.

in the Chapter 2 folder under Instructor Resources in the main course menu on Blackboard.2. Post the general journal entries to the General Ledger accounts on the General Ledger Templates worksheet. 3. Prepare a Trial Balance as of August 31 and an Income Statement, Statement of Owner's Equity, and Balance Sheet using the templates on the Statement Templates worksheet.
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Expressions in exchange for common stock. r August. cutting services on account. the grand opening. $930. r).
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GENERAL LEDGER Cash Account No. 101 Note Payable Date PR Debit Credit Balance Date PR Aug 1 G1 3,000 3,000 Aug 4 G1 2 G1 600 2,400 31 G1 3 G1 500 1,900 15 G1 825 2,725 17 G1 100 2,825 17 G1 125 2,700 Common Stock 31 G1 930 3,630 31 G1 400 3,230 Date PR 31 G1 900 2,330 Aug 1 G1 Accounts Receivable Account No. 102 Dividends Date PR Debit Credit Balance Date PR Aug 15 G1 100 100 Aug 31 G1 17 G1 100 0 Furniture Account No. 161 Haircutting Service Date PR Debit Credit Balance Date PR Aug 2 G1 600 600 Aug 15 G1 15 G1 31 G1 Store Equipment Account No. 165 Wages Expense Date PR Debit Credit Balance Date PR Aug 1 G1 15,000 15,000 Aug 17 G1 4 G1 1,200 16,200 Rent Expense Date PR Aug 3 G1
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Account No. 240 Debit Credit Balance 1,200 1,200 400 800 Account No. 307 Debit Credit Balance 18,000 18,000 Account No. 319 Debit Credit Balance 900 900 es Revenue Account No. 403 Debit Credit Balance 825 825 100 925 930 1,855 Account No. 623 Debit Credit Balance 125 125 Account No. 640 Debit Credit Balance 500 500
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EXPRESSIONS
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