1. Post the general journal entries to the general ledger accounts. If no amount is required, leave the entry box blank. For same date transactions, post the entries in the order of the transaction information. The journal entries for August, Carley's Car Care's second month of business, have been journalized in the general journal below. The balances of the accounts as of July 31 have been recorded in the general ledger below. Notice the word Balance in the Item column, the check mark in the Post. Ref. column, and the amount is in the Balance column only. This indicates a balance broughtforward from a prior page or month.1 20--2 Aug. 1 Rent Expense3567891011121314151617181920212223242526272829303132DATE3334CashPaid rent for August, Ck. No. 145.5 CashAccounts ReceivablePaid Bill's Deli on account, Inv. No. 316.8 CashIncome from ServicesWeek of August 2.10 Accounts PayableCash15 CashIncome from ServicesPaid Ashbey Equipment Co., on account, Ck. No. 146.Week of August 9.16 Wages ExpenseCashDESCRIPTIONPaid wages, August 1-15, Ck. No. 147.18 Accounts ReceivableIncome from ServicesGENERAL JOURNAL20 SuppliesBilled Central Transit for services rendered, Inv. No. 317.Accounts PayableBought supplies from General Supply Company, Inv. No. 6165.POST.REF.512111111113111411221111111411511111113411115221DEBIT1,200.0036.003,690.00612.003,254.001,586.00830.00795.00Page 5CREDIT1,200.0036.003,690.00612.003,254.001,586.00830.00795.00 1 20--2 Aug. 22 Cash3لیا4in56789101112131415161718192021222324252627282852AS2930313233DATE34Income from Services24 Utilities ExpenseCash29 CashWeek of August 16.3125 Accounts PayableCashPaid General Supply Company on account, Ck. No. 149.Paid utilities bill, Ck. No. 148.Income from ServicesWeek of August 23.31 Wages ExpenseCashCashDESCRIPTIONPaid wages, August 16-31, Ck. No. 150.GENERAL JOURNALAccounts ReceivableReceived from Central Transit to apply on account, Inv. No. 317.31 M. Carley, DrawingCash31 Advertising ExpenseAccounts PayableReceived advertising bill from Metro News, Inv. No. D1694.Withdrawal for personal use, Ck. No. 151.POST.REF.POST.111411514111221111111411511111111113513221312111DEBIT3,679.00695.00400.003,125.001,465.00400.00620.001,800.00Page 6CREDITACCOUNT NO.3,679.00695.00400.003,125.001,465.00400.00620.00Required:1. Post the general journal entries to the general ledger accounts. If no amount is required, leave the entry box blank. For same date transactions, post the entries in the order of the transaction information.ACCOUNT Cash1,800.00BALANCE111

A general ledger is a financial accounting record that lists every financial activity that a…

1. Post the general journal entries to the general ledger accounts. If no amount is required, leave the entry box blank. For same date transactions, post the entries in the order of the transaction information.

1. Post the general journal entries to the general ledger accounts. If no amount is required, leave the entry box blank. For same date transactions, post the entries in the order of the transaction information.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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