Associate Level Material

Appendix C Journalizing, Posting, and Preparing a Trial Balance
Journalizing the Transactions
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.

DATE May 1 May 3 May 7 May 11 May 12 May 17 May 31 May 31

GENERAL JOURNAL ACCOUNT TITLE AND EXPLANATION Cash Common Stock Supplies Accounts Payable Rent Expense Cash Accounts Recievable Service Revenue Cash Unearned Revenue Cash Service Revenue Salaries Expense Cash Accounts Payable (Read Supply Company 40%) Cash

REF. DEBIT 101 25,000 311 126 2,500 201 729 900 101 112 2,100 400 101 3,500 205 101 1,200 400 726 2000 101 201 1,000 101

J1 CREDIT 25,000 2,500 900 2,100 3,500 1,200 2,000 1,000

a) General Journal

00 Accounts Payable DATE EXPLANATION May 3 May 31 Unearned Revenue DATE EXPLANATION May 12 Common Stock DATE EXPLANATION May 1 Service Revenue DATE EXPLANATION May 11 May 17 Salaries Expense REF. DEBIT 311 CREDIT 25.500 201 1.000 REF.100 EXPLANATION REF. Complete the remaining lines in the cash account. and Preparing a Trial Balance Posting the Accounts Post the ledger accounts for Jane Kent. You have nine accounts altogether. DEBIT 400 400 CREDIT 2.000 REF.200 b) Ledger Accounts .500 REF.Associate Level Material Appendix C Journalizing.000 Accounts Receivable DATE EXPLANATION May 11 Supplies DATE May 3 REF. DEBIT CREDIT 126 2.500 101 1.200 101 2. and the other eight accounts. DEBIT 205 CREDIT 3. on this General Ledger. GENERAL LEDGER Cash DATE May 1 May 7 May 12 May 17 May 31 May 31 EXPLANATION REF.000 101 1. DEBIT CREDIT 112 2. Posting.100 1. DEBIT CREDIT 201 2.000 101 900 101 3. Inc. DEBIT CREDIT 101 25. The first line of the cash account is completed for you.500.

DEBIT CREDIT 726 2. DEBIT CREDIT 729 900 b) Ledger Accounts .DATE May 31 EXPLANATION REF.000 Rent Expense DATE EXPLANATION May 7 REF.

100 27. 101 BALANCE 25.100 No. 726 b) Ledger Accounts . and the other eight accounts.600 28.000 No. nt. 311 BALANCE 25.800 No.800 25.500 1. 400 BALANCE 2. No. 201 BALANCE 2.800 26.00 No.aring a Trial Balance this General Ledger. 205 BALANCE 3. You have nine accounts altogether.500. 126 BALANCE 2. 112 BALANCE 2.100 3.300 No.500 No.000 24. The first line of the cash account is completed for you.500 No.

729 BALANCE 900 b) Ledger Accounts .BALANCE 2.000 No.

Posting. Debit and Credit totals are double-underlined.000 900 33.500 25.300 33.800 2.500 3. INC.300 2. Inc. 2008 for Jane Kent. and Preparing a Trial Balance Preparing a Trial Balance Prepare a trial balance dated May 31.500 1. you can compute totals using a calculator. You can place summation formulas in F17 and G17 to compute debit and credit totals.000 3.300 c) Trial Balance .100 2. JANE KENT. Trial Balance 31-May-08 Cash Accounts Receivable Supplies Accounts Payable Unearned Revenue Common Stock Service Revenue Salaries Expense Rent Expense Totals DEBIT CREDIT 25. Otherwise. then enter totals directly.Associate Level Material Appendix C Journalizing.

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