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(100) Assets 110 Cash 120 Accounts Receivable - Bob Wilson 130 Supplies (200) Liabilities 210 Accounts Payable - Office Central (300) Owner's Equity 310 Allison Schmidt, Capita (400) Revenue 410 Sales (500) Expenses 510 Advertising Expense

(100) Assets 110 Cash 120 Accounts Receivable - Bob Wilson 130 Supplies (200) Liabilities 210 Accounts Payable - Office Central (300) Owner's Equity 310 Allison Schmidt, Capita (400) Revenue 410 Sales (500) Expenses 510 Advertising Expense

FINANCIAL ACCOUNTING
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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Add the account numbers to the general ledger's using the chart of accounts.

chart of Accountis (100) Assets 110 Cash 120 Accounts Receivable - Bob Wilson 130 Supplies (200) Liabilities 210 Accounts Payable - Office Central (300) Owner's Equity 310 Allison Schmidt, Capital (400) Revenue 410 Sales (500) Expenses 510 Advertising Expense
Transcribed Image Text:chart of Accountis (100) Assets 110 Cash 120 Accounts Receivable - Bob Wilson 130 Supplies (200) Liabilities 210 Accounts Payable - Office Central (300) Owner's Equity 310 Allison Schmidt, Capital (400) Revenue 410 Sales (500) Expenses 510 Advertising Expense
ACCOUNT DATE ACCOUNT DATE 1-Jan Capital 7-Jan Accounts receivable ACCOUNT DATE 8-Jan Sales 9-Jan Advertising expense 28-Jan Sales ACCOUNT DATE DATE ACCOUNT DATE 6-Jan Sales 7-Jan Cash 4-Jan Accounts payable 31-Jan By closing balance ACCOUNT DATE 6-Jan By cash 8-Jan By cash ACCOUNT 28-Jan By cash 31-Jan To closing balance ITEM ITEM ITEM ITEM ITEM ITEM ITEM POST. REF. POST REF 1$ 5,000.00 1 $ 100.00 1 S 1 POST. REF 2 $ POST. REF POST REF. POST. REF. POST. REF DEBIT 1 1 DEBIT 1 $ 250.00 1 2 DEBIT 2 800.00 DEBIT 1$ 1,100.00 1 DEBIT 450.00 DEBIT DEBIT ACCOUNT NO. CREDIT $ CREDIT ACCOUNT NO. DEBIT $ 5,900.00 $ 400.00 $ 5,500.00 CREDIT CREDIT BALANCE ACCOUNT NO. DEBIT CREDIT $ 5,000.00 $ 5,100.00 CREDIT $ 250.00 S 800.00 $ 450.00 ACCOUNT NO. CREDIT BALANCE 450.00 DEBIT ACCOUNT NO. BALANCE ACCOUNT NO. CREDIT BALANCE DEBIT $ 250.00 $ 150.00 $ 100.00 CREDIT ACCOUNT NO. BALANCE DEBIT DEBIT CREDIT 110 DEBIT CREDIT $1,100.00 $ 1,100.00 $ 1,100.00 BALANCE CREDIT CREDIT BALANCE $ 250.00 $ 1,050.00 CREDIT $ 1,500.00 $ 1,500.00
Transcribed Image Text:ACCOUNT DATE ACCOUNT DATE 1-Jan Capital 7-Jan Accounts receivable ACCOUNT DATE 8-Jan Sales 9-Jan Advertising expense 28-Jan Sales ACCOUNT DATE DATE ACCOUNT DATE 6-Jan Sales 7-Jan Cash 4-Jan Accounts payable 31-Jan By closing balance ACCOUNT DATE 6-Jan By cash 8-Jan By cash ACCOUNT 28-Jan By cash 31-Jan To closing balance ITEM ITEM ITEM ITEM ITEM ITEM ITEM POST. REF. POST REF 1$ 5,000.00 1 $ 100.00 1 S 1 POST. REF 2 $ POST. REF POST REF. POST. REF. POST. REF DEBIT 1 1 DEBIT 1 $ 250.00 1 2 DEBIT 2 800.00 DEBIT 1$ 1,100.00 1 DEBIT 450.00 DEBIT DEBIT ACCOUNT NO. CREDIT $ CREDIT ACCOUNT NO. DEBIT $ 5,900.00 $ 400.00 $ 5,500.00 CREDIT CREDIT BALANCE ACCOUNT NO. DEBIT CREDIT $ 5,000.00 $ 5,100.00 CREDIT $ 250.00 S 800.00 $ 450.00 ACCOUNT NO. CREDIT BALANCE 450.00 DEBIT ACCOUNT NO. BALANCE ACCOUNT NO. CREDIT BALANCE DEBIT $ 250.00 $ 150.00 $ 100.00 CREDIT ACCOUNT NO. BALANCE DEBIT DEBIT CREDIT 110 DEBIT CREDIT $1,100.00 $ 1,100.00 $ 1,100.00 BALANCE CREDIT CREDIT BALANCE $ 250.00 $ 1,050.00 CREDIT $ 1,500.00 $ 1,500.00
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