5 which formats provides a running balance after each

This preview shows page 174 - 184 out of 201 pages.

5. Which format(s) provides a running balance after each posted transaction?Four-column ledgerCashDateItemPost. Ref.DebitCredit2016Nov. 1J142,000Nov. 2J18,600Nov. 8J117,900Nov. 15J15,100Nov. 21J15,600Nov. 22J129,900Nov. 25J111,200Dec. 1J14,700Dec. 3J12,100Dec. 15J16,000Dec. 21J115,500Dec. 28J114,3000
CashNov. 214,700Unearned Revenue14,700 vOffice FurnitureNov. 427,300Accounts Payable27,300 Nov. 4Prepaid RentNov. 946,500Cash46,500 Nov. 9TruckNov. 1020,100Notes Payable20,100 Nov. 10CashNov. 136,200Service Renenue6,200 Nov. 13CashCreditNov. 160,00060,000Common Stock60,000 Nov. 1BalanceDebitCredit60,000BalanceDebitCredit60,000he journal, which provides a chronological listing of accounting activity?
ccounts?er for clarification if needed?ting transactions?Account No. 101BalanceDebitCredit42,000033,40051,30046,20040,60070,50059,30054,60052,50046,50062,00076,300
Sales Invoice/receiptBank Deposit SlipCompany informationDateCustomer nameAccounting numberShipping informationSign if receiving cashTerms of paymentCash and coinItem(s) requested and dollar amount(s)Endorsed check amountsTotalPurchase of building with note.Account #1Account TypeBuildingAssetAccount #2Account TypeNotes PayableLiabilityPaid cash on accountAccount #1Account TypeAaccounts PayableLiabilityAccount #2Account TypeCashAssetPaid cash for rent.Account #1Account TypeRent ExpenseexpenseAccount #2Account TypeCashassetCommon stock was issued to stockholders for cashAccount #1Account TypeCashassetAccount #2Account TypeCommon Stockcommon stockMade payment on notes payableAccount #1Account TypeNotes PayableliabilityAccount #2Account TypeCashassetBought a company truck for $9,000 by signing a note at the bankDateAccounts
Nov. 3TruckNotes PayablePurchased $7,000 of office supplies on account.DateAccountsNov. 4Office SuppliesAccounts PayablePrepaid $7,000 cash for rent.DateAccountsNov. 5Rent ExpenseCashCollected $7,000 cash for servicesDateAccountsNov. 5CashAccounts ReceivableReceived $9,000 on account from a customer.DateAccountsNov. 5CashNotes Payable
Bank check/ checkPurchase invoice/ orderDateCompany informationPayeeVendor nameAmount in numbersVendor addressAmount in wordsShipping informationMemo lineTerms of paymentSignatureItem(s) ordered and dollar amount(s)Routing number included account numberIncreased/ DecreaseDebit/ CreditIncreasedDebitIncreased/ DecreaseDebit/ CreditIncreasedCreditIncreased/ DecreaseDebit/ CreditDecreaseDebitIncreased/ DecreaseDebit/ CreditDecreaseCreditIncreased/ DecreaseDebit/ CreditIncreasedDebitIncreased/ DecreaseDebit/ CreditDecreaseCreditIncreased/ DecreaseDebit/ CreditIncreasedDebitIncreased/ DecreaseDebit/ CreditIncreasedIncreased/ DecreaseDebit/ CreditDecreaseDebitIncreased/ DecreaseDebit/ CreditDecreaseCreditDebit
9,000Debit7,000Debit7,000Debit7,000Debit9,000
Credit
9,000Credit7,000Credit7,000Credit7,000Credit9,000
Sales Invoice/receiptBank Deposit SlipCompany informationDateCustomer nameAccounting numberShipping informationSign if receiving cashTerms of paymentCash and coinItem(s) requested and dollar amount(s)Endorsed check amountsTotal

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 201 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
Paul Franklin
Tags
Accounting, Balance Sheet, Revenue, Expense, Generally Accepted Accounting Principles, office supplies, Dec

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture