Post the above entries in the ledger (use the balance column format). Opening ba

Question

Post the above entries in the ledger (use the balance column format). Opening balances are brought forward from Sep. 1 - 14. (Record the transaction in the ledger below)

Note: This ledger is not in chronological order, so be sure to input all affected accounts.

For each, you will have to follow the steps for copying journal entries to a ledger:

1.Identify account

2.Enter date

3.Enter journal page (exclude this step for Connect, but remember for future test!)

4.Post the amount

5.Enter account balances

6.Enter account number

YYS is in its second month of operations. You have been given the following journal entries regarding its September 2016 transactions from the 15th to the end of month: GENERAL JOURNAL Page 2 Date Account l itles and Explanation PR Debit Credit 15 Derek Deadpan, Withdrawals 3300 3300 Cash Owner withdrew cash for personal use 18 Accounts Receivable 575 Consulting Fees Earned fees on account for Niagara Sports Business 575 21 Accounts Payable Notes Payable Cash 920 1300 2220 Paid for the supplies and equipment purchased on Sep. 11 27 Cash 575 Accounts Receivable Received payment for work completed on Sep. 18 575 28 Wages Expense 5000 Cash 5000 Paid employee at the end of the month

Explanation / Answer

Cash

Date

Explanation

PR

Debit

Credit

Balance

15-Sep-16

Opening balance b/d

XXXX

xxxx

15-Sep-16

Derek Deadpan, with drawl

3300

21-Sep-16

Notes payable

1300

21-Sep-16

Account payable

920

27-Sep-16

Account receivable

575

28-Sep-16

Wages

5000

30-Sep-16

Closing balance C/d

XXXX

Account Receivable

Date

Explanation

PR

Debit

Credit

Balance

15-Sep-16

Opening balance b/d

XXXX

xxxx

18-Sep-16

Consulting fees

575

27-Sep-16

Cash

575

30-Sep-16

Closing balance c/d

5000

Account Payable

Date

Explanation

PR

Debit

Credit

Balance

15-Sep-16

Opening balance b/d

xxxx

xxxx

21-Sep-16

Cash

920

30-Sep-16

Closing balance c/d

Notes payable

Date

Explanation

PR

Debit

Credit

Balance

15-Sep-16

Opening balance b/d

xxxx

xxxx

21-Sep-16

Cash

1300

30-Sep-16

Closing balance c/d

Consulting fee

Date

Explanation

PR

Debit

Credit

Balance

15-Sep-16

Opening balance b/d

XXXX

xxxx

18-Sep-16

Account receivable

575

30-Sep-16

Closing balance c/d

Wages

Date

Explanation

PR

Debit

Credit

Balance

18-Sep-16

Cash

5000

5000

The balance column is not filled as the opening balalnes were not given.

Cash

Date

Explanation

PR

Debit

Credit

Balance

15-Sep-16

Opening balance b/d

XXXX

xxxx

15-Sep-16

Derek Deadpan, with drawl

3300

21-Sep-16

Notes payable

1300

21-Sep-16

Account payable

920

27-Sep-16

Account receivable

575

28-Sep-16

Wages

5000

30-Sep-16

Closing balance C/d

XXXX

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