All Journals and general Ledger; Trial balance.
CanvasThe transactions completed by Courtesy Courier Delivery Company during July 2010, the first month of the fiscal year, were as follows:
July
1. Issued Check No. 610 for July rent, $6,200.
2. Issued check No. 940 to Capps Co., $2,340.
3. Received check for $5,150 from Perkins Co. in payment of account.
5. Purchased a vehicle on account from Browning Transportation, $30,200.
July
6. Purchased office equipment on account from Austin Computer Co., $4,100
6. Issued Invoice No. 941 to Darr Co., $5,240.
9. Issued Check No. 611 for fuel expense, $810.
10. Received check from Sing Co. in payment of $3720 invoice.
10. Issued check no. 612 for $880 to Office To Go Inc. in payment of invoice.
10. Issued Invoice No. 942 to Joy Co., $1210.
11. Issued Check No. 613 for $3520 to Crowne Supply Co. in payment of account.
11. Issued Check No. 614 for $725 to Porter Co. in payment of account.
12. Received check from Capps Co. in payment of $2340 invoice.
13. Issued Check No. 615 to Browning Transportation in payment of $30,200 balance.
16. Issued Check No. 616 for $37,300 for cash purchase of a vehicle.
16. Cash fees earned for July 1-16, $16,300.
17. Issued Check No. 617 for miscellaneous administrative expense, $245.
18. Purchased maintenance supplies on account from Crowne Supply Co., $1630.
19. Purchased the following on account from McClain Co.: maintenance supplies, $1,820: Office supplies, $430.
20. Issued Check No. 618 in payment of advertising expense, $1,625.
20. Used $3,000 maintenance supplies to repair delivery vehicles.
23. Purchased office supplies on account from Office To Go Inc., $500.
24. Issued invoice No. 943 to Sing Co., $5,000.
24. Issued Check No. 619 to J. Bourne as personal withdrawal, $2500
25. Issued Invoice No. 944 to Darr Co., 6,080.
25. Received check for $3820 from Perkins Co. in payment of balance.
26. Issued check No. 620 to Austin Computer Co. in payment of $4,100 invoice of July 6.
30.Issued Check No. 621 for monthly salaries as follows: driver salaries, $16,150; office salaries, $7,880.
31. Cash fees earned for July 17-31, $16,700.
31. Issued check No. 622 in payment for office supplies, $750.
***************Instructions****************
I have been given these following instructions from the homework. My test is based off the answers to the homework. I have been recently overwhelmed with a lot of things happening and I need the extra help.
There are seven answers that I need from the test. I will list them multiple choice so it is easier to find a solution. In order to get the answers you must do the following:
1.Enter the following balances in the general ledger as of July 1:
11. Cash $155,300 32. J Bourne, Drawing --
12. Accounts Receivable 12,690 41. Fees Earned --
14. Maintenance Supplies 9,150 51. Driver Salaries Expense --
15. Office supplies 4,200 52. Maintenance supplies exp. --
16. Office equipment 24,000 53. Fuel Expense --
17. Accum. Depr.—Office Equip. 5,800 61. Office Salaries Expense --
18. Vehicles 82,300 62. Rent Expense --
19. Accum. Depr.—Vehicles 11,700 63. Advertising Expense --
21. Accounts Payable 5,125 64. Miscellaneous Administrative Expense --
31. J. Bourne, Capital 265,015
2. Journalize the transactions for July 2010, using the following journals similar to the ones I have provided as an attachment; cash receipts journal, purchases journal (with columns for accounts payable, maintenance supplies, office supplies, and other accounts)single-column revenue journal, cash payments journal, and two column general journal. Assume that the daily postings to the individual accounts in the accounts payable ledger and the accounts in the accounts receivable ledger have been made.
3. Post the appropriate individual entries to the general ledger.
4. Total each of the columns of the special journals, and post the appropriate totals to the general ledger; insert the account balances.
5. Prepare a Trial balance.
6. Verify the agreement of each subsidiary ledger with its control account. The sum of the balances of the accounts in the subsidiary ledgers of July 31 are:
Accounts receivable $17,530
Accounts Payable $4,380
Lastly, this is the most important part. These are the answers I want. If you can find the correct answer for me I’d be very appreciative.
1. The cash amount reported on the July 31 Unadjusted Trial Balance is:
A. 90,425 dollars
B. 90,435 dollars
C. 90,445 dollars
D. 90,455 dollars
2. The maintenance supplies amount reported on July 31 Unadjusted Trial Balance is:
A. 9,600 dollars
B. 9,700 dollars
C. 9,800 dollars
D. 9,900 dollars
3. The office supplies amount reported on july 31 unadjusted trial balance is:
A. 5,850 dollars
B. 5,860 dollars
C. 5,870 dollars
D. 5,880 dollars
4. The office equipment amount reported on july 31 unadjusted trial balance is:
A. 28,000 dollars
B. 28,100 dollars
C. 28,300 dollars
D. 28,600 dollars
5. The fees earned amount reported on the July 31 Unadjusted Trail Balance is:
A. 52,870 dollars
B. 52,890 dollars
C. 52,300 dollars
D. 52,390 dollars
6. The advertising Expense amount reported on july 31 unadjusted Trial balance is:
A. 1,600 dollars
B. 1,650 dollars
C. 1,625 dollars
D. 1,675 dollars
7. The ending balance of july 31 unadjusted trial balance is:
A. 339,000 dollars
B. 339,650 dollars
C. 339,725 dollars
D. 339,765 dollars