Please No pictures or anyything hand written. Please use tables in word or excel
ID: 2487600 • Letter: P
Question
Please No pictures or anyything hand written. Please use tables in word or excel. This is a 5 part question. Please label each part. Thanks
JOURNAL ENTRIES :
_________________________________________________________________________________________________
DATE TITEL & DESCRIPTION DEBIT ($) CREDIT ($)
2016
DEC. 1 Rent Expense a/c 4,500
Bank 4,500
DEC. 2 Caps Co 1,980
Revenue 1,980
DEC. 3 Banlk 5,100
Trimble 5,100
DEC. 5 Vehicle 39,500
Bostan Transportation 39,500
DEC. 6 Office Equipment 4,800
Austin computer Co. 4,800
DEC. 6 Dawaar Co 5,680
Revenue 5,680
DEC. 9 Fuel Expenses 800
Bank 800
DEC. 10 Bank 4,850
Sing Co 4,850
DEC. 10 Office to Go Inc 360
Bank 360
DEC 10 Joy Co 2,140
Revenue 2,140
DEC. 11 Essential Supply Co 3,240
Bank 3,240
DEC. 11 Porter Co 650
Bank 650
DEC. 12 Bank 1,960 Capps Co 1,960
DEC. 13 Bostan Transportaiton 39,500
Bank 39,500
DEC 16 Vehicle 40,900
Bank 40,900
DEC.16 Cash 21,700
Revenue 21,700
DEC. 17 Miscellaneous Advertisement expeses 600
Bank 600
DEC. 18 Supplies 1,750
Essential suply Co 1,750
DEC. 19 Maintenace supplies 1,500
Office supplie 325
McClain Co 1,825
DEC 20 Advertisement expenses 1,990
Bank 1,990
DEC. 20 Delivery vehicle repair 3,600
Maintenance supplies 3,600
DEC. 23 Office supplies 440
Office To Go 440
DEC. 24. Sing Co 6,400
Revenue 6,400
DEC. 24 S. Homles Drawings 3,200
Bank 3,200
DEC. 25 Dawar Co 5,720
Bank 5,720
DEC. 25 Bank 4,100
Trimble Co 4,100
DEC. 26 Austing Computer Co 4,800
Bank 4,800
DEC.30 Salaries 24,500
Bank 24,500
DEC 31 Cash 19,700
Fees Revenue 19,700
DEC. 31 Office supplies 310
DEC. 31 Bank 310
Explanation / Answer
Posting of entries in the respective accounts are as under:
The journal entries for the month of Dec. are as under: 1st Dec. 2016 Rent expenses $ 4,500 Bank $ 4,500 (Being rent expense paid through cheque no. 610) 2nd Dec. 2016 Accounts receivable $ 1,980 Fees earned $ 1,980 (Being issued Invoice no. 940 to Capps Co. ) 3rd Dec. 2016 Bank $ 5,100 Accounts receivable $ 5,100 (Being received check from Trimble co.) 5th Dec. 2016 Vehicle $ 39,500 Boston Transportation $ 39,500 (Being vehicle purchased on account) 6th Dec. 2016 Office Equipment $ 4,800 Austin computer $ 4,800 (Being office equipment purchased on account) 6th Dec. 2016 Accounts receivable $ 5,680 Fees earned $ 5,680 (Being Invoice No.941 issued to Dawar Co.) 9th Dec. 2016 Fuel expenses $ 800 Bank $ 800 (Being check issued for fuel expenses) 10th Dec. 2016 Bank $ 4,850 Accounts receivable $ 4,850 (Being check received from Sing Co.) 10th Dec. 2016 Accounts payable $ 360 Bank $ 360 (Being check issued to office to Go Inc.) 10th Dec. 2016 Accounts receivable $ 2,140 Fees earned $ 2,140 (Being Invoice No.942 issued to Joy Co.) 11th Dec. 2016 Accounts payable $ 3,240 Bank $ 3,240 (Being check No. 613 issued to Essentials supply Co.) 11th Dec. 2016 Accounts payable $ 650 Bank $ 650 (Being check No. 614 issued to Porter Co.) 12th Dec. 2016 Bank $ 1,980 Accounts receivable $ 1,980 (Being check received from Capps Co.) 13th Dec. 2016 Bank $ 39,500 Boston Transp. $ 39,500 (Being check received from Boston Transportation) 16th Dec. 2016 Vehicle $ 40,900 Cash $ 40,900 (Being Vehicle purchased for cash) 16th Dec. 2016 Cash $ 21,700 Fees earned $ 21,700 (Being fees earned in cash) 17th Dec. 2016 Misc. Administrative Exp. $ 600 Bank $ 600 (Being check issued no. 617 for misc. administrative exp.) 18th Dec. 2016 Maintenance supply $ 1,750 Essential supply co. $ 1,750 (Being maintenance supply is purchased on account) 19th Dec. 2016 Maintenance supply $ 1,500 Office supply $ 325 Mcglain Co. $ 1,825 (Being maintenance supply and office supply purchased on account) 20th Dec. 2016 Advertising expenses $ 1,990 Bank $ 1,990 (Being advertising expense paid through check no. 618) 20th Dec. 2016 Repair expenses $ 3,600 Maintenance supply $ 3,600 (Being maintenance supply used for repair delivery vehicle) 23rd Dec. 2016 Office supplies $ 440 Office to Go Inc $ 440 (Being office supplies purchased on account) 24th Dec. 2016 Accounts receivable $ 6,400 Fees earned $ 6,400 (Being issued Invoice no. 943 to Sing Co. ) 25th Dec. 2016 Accounts receivable $ 5,720 Fees earned $ 5,720 (Being issued Invoice no. 944 to Dawar Co. ) 25th Dec. 2016 Bank $ 4,100 Accounts payable $ 4,100 (Being check received from Trimble Co.) 26th Dec. 2016 Austin Computer co. $ 4,800 Bank $ 4,800 (Being check No. 620 issued to Austin Computer Co.) 30th Dec. 2016 Driver salaries $ 16,900 Office salaries $ 7,600 Bank $ 24,500 (Being check No. 621 issued for salaries) 31st Dec. 2016 Cash $ 19,700 Fees earned $ 19,700 (Being cash received from fees earned) 31st Dec. 2016 Office supplies $ 310 Bank $ 310 (Being check no. 622 issued )