accounts

posted by .

Analyze the transactions and do the following:-
1. Post to T Accounts
2. Prepare a Chart of Account
3. Record in the General Journal
4. Post to the General Ledger
5. Prepare a Trial Balance
6. Prepare a Six Column Worksheet
7. Prepare an Income Statement
8. Prepare a Capital Statement
9. Prepare a Balance Sheet
10. Prepare Closing Entries
11. Prepare a Post-closing Trial Balance
Transactions (dates)
1. Received cash from owner as an investment, $6000
2. Bought supplies on account from Helfrey Company, $900
3. Paid cash for insurance, $150
4. Sold merchandise for cash $1,300
5. Bought Equipment for Cash $1,100
6. Paid cash for supplies, $50
7. Paid cash on account to Helfrey Company, $300
8. Sold merchandise on account to Susan Company, $2000
9. Paid cash for rent, $300
10. Returned Merchandise to Helfrey Company $200
11. Paid cash for advertisement, $100
12. Susan Company returned merchandise $500
13. Salaries, $500
14. Jack Jacky Withdrew $200
Instructions:
Analyze the transactions and do the following:-
1. Post to T Accounts
2. Prepare a Chart of Account
3. Record in the General Journal
4. Post to the General Ledger
5. Prepare a Trial Balance
6. Prepare a Six Column Worksheet
7. Prepare an Income Statement
8. Prepare a Capital Statement
9. Prepare a Balance Sheet
10. Prepare Closing Entries
11. Prepare a Post-closing Trial Balance

  • accounts -

    Why did you post this lengthy assignment?

    With whom are you trying to communicate?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting

    hi i know this may sound stupid but i just need to clarify some things with general ledger and the trial balance. For example, i am given the post trial balance for ABC Ltd. These accounts which include cash, accounts receivable, accum …
  2. Anonymous

    For Pose for Pics, prepare journal entries, T-accounts and a trial balance Pose for Pics Preparing journal entries and trial balances Exercise 2-4 Prepare general journal entries for the following transaction of a new business called …
  3. accounting (balance sheet, retained earnings...)

    Problem P3-5A On September 1, 2002, the account balances of Rijo Equipment Repair Corp. were as follows: Nbr: Debits Nbr: Credits 101 Cash $4,880 154 Accumulated depreciation $1,500 112 Accounts receivable 3,520 201 Accounts payable …
  4. Accounting 225

    Use the information in Exercise 2-4 to prepare an August 31 trial balance for Pose-for-Pics. Open these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; H. Paris, Capital; Photography Fees Earned; and Utilities …
  5. accounting

    E4-19 On December 31, the adjusted trial balance of Oslo Employment Agency shows the following selected data. Accounts Receivable $24,000 Commission Revenue $92,000 Interest Expense 7,800 Interest Payable 1,500 Analysis shows that …
  6. accounting

    P4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Year Ended December 31, 2008 Adjusted Account Trial Balance No. Account Titles Dr. Cr. 101 Cash 18,800 112 …
  7. accounting

    Question: Because Aqua Elite, Inc. is a new startup business, the beginning balances in all the general ledger accounts are zero to start. n The length of the accounting periods are three months using a fiscal calendar year. (A fiscal …
  8. accounting

    1. Use the general journal to journalize the following transactions completed during July of the current year. 2. Post from the general journal to the general ledger. Using the following steps. a. A. Write the current year and July …
  9. accounting

    imagine a business and its 50 transactions.. journalize it and also record it in subsidary books, post into ledger and prepare a trial balance... plzz help me...
  10. accounting principles

    Success Systems had the following transactions and events in December 2015: Dec. 2 Paid $1,200 cash to Hilldale Mall for Success Systems’ share of mall advertising costs. 3 Paid $500 cash for minor repairs to the company’s computer. …

More Similar Questions