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WEEK 3: JOURNALIZING AND POSTING JOURNALIZE AND POST NOVEMBER AND DECEMBER TRANSACTIONS - DON'T FORGET TO POST TO THE GENERAL LEDGER ON THE SECOND...

The debit and credit in my trial balance do not equal each other. I am struggling with this assignment. 

Journalize the November transactions from Week 2 (also listed again below) and the December transactions listed below.

Part 2

Post the journal transactions to the general ledger

Comprehensive Chart of Accounts:

101 Cash

111 Accounts Receivable

137 Prepaid Rent

141 Computer Equipment

143 Office Furniture

201 Accounts Payable

301 J. Jones, Capital

302 J. Jones, Drawing

401 Fees Income

511 Rent Expense

514 Utilities Expense

521 Salaries Expense

November Business Transactions: 

3rd: J. Jones visits her local bank and withdraws $50,000 from her personal savings account, depositing the cash into a new bank account in the name of the business, Smith Consultants.

5th: Jones Consultants issues check 1001 for $2,000 to purchase computer equipment from Digital Warehouse, Inc.

6th: Jones Consultants issues check 1002 to Property, Inc. to pay the current month's rent due of $1,000 as well as prepay rent (at $1,000 per month) for the months of December and January.

10th: Jones Consultants issues check 1003 to purchase office furniture in the amount of $3,500 from Furniture Depot.

11th: Jones Consultants purchases $4,000 of computer equipment from Elite Computing on account due in 90 days. Elite Computing issues invoice 7964.

14th: Jones Consultants performs services to cash clients for $1,200.

17th: Jones Consultants performs services to charge account client, Speedy Freight, in the amount of $3,000. Invoice 101 is issued and is receivable in 30 days.

19th: Jones Consultants issues check 1004 to State Power Company for the November utility bill in the amount of $500.

20th: Jones Consultants performs services to cash clients for $6,000.

25th: Jones Consultants issues J. Jones check 1005 as a draw for her personal use in the amount of $4,000.

December Business Transactions:

10th: Jones Consultants purchases $3,000 of computer equipment from Elite Computing. They issue check 1007 for $1,000 with the balance due in 90 days on invoice 8009.

15th: Jones Consultants performs services for charge account client, Speedy Freight, issuing invoice 102 for $2,500.

16th: Jones Consultants receives a check from Speedy Freight for payment of invoice 101 from November for $1,000.

18th: Jones Consultants issues check 1008 for $1,500 to Elite Computing to pay invoice 7964.

20th: Jones Consultants issues check 1010 to pay salaries of $2,000 for December.


WEEK 3: JOURNALIZING AND POSTING GENERAL JOURNAL Page 1 Date Descrip±on Post Ref Debit Credit 1 2015 1 2 NOV 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 42 43 43 44 44 45 45 GENERAL JOURNAL Page 2 Date Descrip±on Post Ref Debit Credit 1 1 2 2 3 3 4 4 5 DEC 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 JOURNALIZE AND POST NOVEMBER AND DECEMBER TRANSACTIONS - DON'T FORGET TO POST TO THE GENERAL LEDGER ON THE SECOND (YELLOW) TAB AT THE BOTTOM. IT IS ON A SEPARATE WORKSHEET!!!!
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WEEK 3: JOURNALIZING AND POSTING JOURNALIZE AND POST NOVEMBER AND DECEMBER TRANSACTIONS - FORMAT IS IMPORTANT GENERAL LEDGER Account: CASH Account No. 101 Date DescripTon Post Ref Debit Credit Balance Debit Credit 2015 Account: ACCOUN±S RECEIVABLE Account No. 111 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: PREPAID REN± Account No. 137 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: COMPU±ER EQUIPMEN± Account No. 141 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: OFFICE FURNI±URE Account No. 143 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: ACCOUN±S PAYABLE Account No. 201 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: J. JONES, CAPI±AL Account No. 301 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: J. JONES, DRAWING Account No. 302 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: FEES INCOME Account No. 401 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: REN± EXPENSE Account No. 511 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: U±ILI±IES EXPENSE Account No. 514 Date DescripTon Post Ref Debit Credit Balance Debit Credit Account: SALARIES EXPENSE Account No. 521 Date DescripTon Post Ref Debit Credit Balance Debit Credit Jones Consultants Trial Balance December 30, 2015 Account Name Debit Credit Cash Accounts Receivable Prepaid Rent Computer Equipment Ofce Furniture Accounts Payable J. Jones, Capital J. Jones, Drawing Fees Income Rent Expense U±li±es Expense Salaries Expense Totals
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