Part 1 Test APAGE 1GENERAL JOURNALACCOUNT TITLEDOC. NO. POST. REFDEBITCREDITDATEAlexandra Plass, CapitalR118,000.00 1Oct 12 Petty CashC1150.002 SuppliesM1190.003 Prepaid InsuranceC2800,004.4 Rent Expense31,100.0064 SuppliesM2225,006.Accounts Receivable-Ridgewood CenterS12,200.009 Accounts Receivable-Palmdale CafeS217 Advertising ExpenseC420 Miscellaneous ExpenseC510101122 Accounts Payable-Costello CompanyM3111224 Accounts Receivable-Palmdale CafeR2121313141413131616173719192020212122DELLesc# art 1 Test AOctober Transactions:OctReceived cash from owner as an investment, $18,000.00. RL12.Paid cash to establish a petty cash fund, $150.00. C1.2.Bought supplies, $190.00, using debit card. M1.3Paid cash for insurance, $800.00. C2.4Paid cash for one month's rent, $1,100.00. C3.Bought supplies on account from Star Supplies, $225.00. M2.Sold services on account to Ridgewood Center, $2,200.00. S1.Sold services on account to Palmdale Cafe, $850.00. S2.17Paid cash for advertising in a professional journal, $300.00. C4.20Paid cash for postage (Miscellaneous Expense), $35.00. C5.22Paid cash on account to Costello Company, $300.00, using EFT, M3.24Received cash on account from Palmdale Cafe, $500.00. R2.28Paid cash to owner for personal use, $1,500.00. C6.29Recorded bank service charge, $25.00. M4.29Received notice from the bank of a dishonored check from Palmdale Cafe, $500.00, plus $40.00 fee; total, $540.00. M5.31Received cash from sales, S4,200.00, T3131Paid cash to replenish the petty cash fund, $125.00: Supplies, $65.00; Miscellaneous Expense, $58.00; Cash Short and Over (cashshortage), $2.00. C7.The October transactions and chart of accounts for Plass Advertising are given in Question Assets. Journalize the selected transactions completed byPlass Advertising during October of the current year. Use page 1 of the journal. Source documents are abbreviated as follows: check, C;memorandum, M; receipt, R; sales invoice, S; calculator tape, T.DELL

Petty Cash: Petty cash is a minimal amount of money given as advance to pay for the routine…

DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT Alexandra Plass, Capital R1 18,000.00 1 Oct 1 2 Petty Cash C1 150.00 2. 2 Supplies M1 190.00 3 Prepaid Insurance C2 800.00 4. 4 Rent Expense C3 1,100.00 6. 4 Supplies M2 225.00 6. 5 Accounts Receivable-Ridgewood Center 51 2,200.00 7. 9 Accounts Receivable-Palmdale Cafe S2 17 Advertising Expense 20 Miscellaneous Expense C4 6. 10 10 C5 22 Accounts Payable-Costello Company M3 1 12 24 Accounts Receivable-Palmdale Cafe R2 12 4.

DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT Alexandra Plass, Capital R1 18,000.00 1 Oct 1 2 Petty Cash C1 150.00 2. 2 Supplies M1 190.00 3 Prepaid Insurance C2 800.00 4. 4 Rent Expense C3 1,100.00 6. 4 Supplies M2 225.00 6. 5 Accounts Receivable-Ridgewood Center 51 2,200.00 7. 9 Accounts Receivable-Palmdale Cafe S2 17 Advertising Expense 20 Miscellaneous Expense C4 6. 10 10 C5 22 Accounts Payable-Costello Company M3 1 12 24 Accounts Receivable-Palmdale Cafe R2 12 4.

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 1.6C

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