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DATE Jan. 01 Jan. 04 Jan. 06 Jan. 07 Jan, 08 Jan. 09 Jan. 10 DATE ACCOUNT TITLE Allison Schmidt, Capital Supplies Accounts Payable, Office Central Accounts Receivable, Rob Wilson. Accounts Receivable, Bob Wilson ✓ Advertising Expense Carried Forward Jan 10 Jan. 28 ✓ Jan 31 Total ACCOUNT Brought Forward FIVE COLUMN JOURNAL DOC. POST NO. REF. R1 M1 S1 R2 R3 C4 GENERAL DOC. POST NO. REF. ✓ R23✔ DEBIT $1,100 00 $250 00 CREDIT $5,000.00 $1,100.00 $ 100.00 FIVE COLUMN JOURNAL SALES CREDIT GENERAL $250.00 CASH SALES DEBIT CREDIT CREDIT $1,750.00 $6,200.00 $1,050.00 DEBIT $5,000 00 $ 100 00 $ 800.00 $ 800 00 $400.00 $ 400.00 $1,750.00 $6,200.00 $1,050.00 $5,900.00 $ 400.00 CREDIT CASH DERIT CREDIT $5,900.00 $ 400.00 $ 450.00 $ 450.00 $1,750.00 $6,200.00 $1,500.00 $6,350.00 $ 400.00 ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ITEM ITEM ITEM ITEM ITEM ITEM ITEM POST. REF POST REF POST REF POST REP POST REF POST REF POST. Post REF. DEBIT DEBIT DEBIT DEBIT DEBIT DEBIT DEBIT ACCOUNT NO CREDIT CREDIT ACCOUNT NO CREDIT ACCOUNT NO CREDIT BALANCE DEBIT CREDIT CREDIT BALANCE DEBIT CREO ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE DEBIT CREDIT CREDIT ACCOUNT NO. BALANCE DEBIT CREDIT BALANCE ACCOUNT NO DEBIT CREDIT BALANCE DEBIT CREDIT

DATE Jan. 01 Jan. 04 Jan. 06 Jan. 07 Jan, 08 Jan. 09 Jan. 10 DATE ACCOUNT TITLE Allison Schmidt, Capital Supplies Accounts Payable, Office Central Accounts Receivable, Rob Wilson. Accounts Receivable, Bob Wilson ✓ Advertising Expense Carried Forward Jan 10 Jan. 28 ✓ Jan 31 Total ACCOUNT Brought Forward FIVE COLUMN JOURNAL DOC. POST NO. REF. R1 M1 S1 R2 R3 C4 GENERAL DOC. POST NO. REF. ✓ R23✔ DEBIT $1,100 00 $250 00 CREDIT $5,000.00 $1,100.00 $ 100.00 FIVE COLUMN JOURNAL SALES CREDIT GENERAL $250.00 CASH SALES DEBIT CREDIT CREDIT $1,750.00 $6,200.00 $1,050.00 DEBIT $5,000 00 $ 100 00 $ 800.00 $ 800 00 $400.00 $ 400.00 $1,750.00 $6,200.00 $1,050.00 $5,900.00 $ 400.00 CREDIT CASH DERIT CREDIT $5,900.00 $ 400.00 $ 450.00 $ 450.00 $1,750.00 $6,200.00 $1,500.00 $6,350.00 $ 400.00 ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ITEM ITEM ITEM ITEM ITEM ITEM ITEM POST. REF POST REF POST REF POST REP POST REF POST REF POST. Post REF. DEBIT DEBIT DEBIT DEBIT DEBIT DEBIT DEBIT ACCOUNT NO CREDIT CREDIT ACCOUNT NO CREDIT ACCOUNT NO CREDIT BALANCE DEBIT CREDIT CREDIT BALANCE DEBIT CREO ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE DEBIT CREDIT CREDIT ACCOUNT NO. BALANCE DEBIT CREDIT BALANCE ACCOUNT NO DEBIT CREDIT BALANCE DEBIT CREDIT

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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  1. Open a general ledger account for each of the accounts listed in the chart of accounts above.
  2. Post the separate amounts on each line of the journals that need to be posted separately.
  3. Post the journal’s special amount column totals.

 

Provided below are completed five-column journals, a chart of accounts, and the general ledger columns that will be filled out.

DATE Jan. 01 Jan 04 Jan 06 Jan. 07 Jan, 08 Jan. 09 Jan. 10 DATE Jan 10 Jan 28 Jan. 31 ACCOUNT TITLE Allison Schmidt, Capital Supplies Accounts Payable, Office Central Accounts Receivable, Rob Wikon Accounts Receivable, Bob Wilson Advertising Expense Carried Forward ACCOUNT FIVE COLUMN JOURNAL Brought Forward ✔ Totals DOC. POST NO. REF. DEBIT R1 M1 $1 R2 R3✔ C4 ✓ GENERAL $1,100.00 ✓ R23 ✔ $250.00 CREDIT $5,000.00 $1,100.00 $ 100.00 FIVE COLUMN JOURNAL DOC. POST NO. REF. DERIT GENERAL SALES CREDIT $ 250.00 CREDIT $1,750.00 $6,200 00 CASH $ 400.00 $ 400.00 $1,750.00 $6,200.00 $1,050.00 $5,900.00 $ 400.00 DEBIT $5,000.00 $ 100.00 $800.00 $ 800 00 SALES CREDIT DERIT CREDIT $1,050.00 $5,900.00 $ 400.00 $ 450.00 $450.00 $1,750.00 $6,200.00 $1,500.00 $6,350.00 $ 400.00 CREDIT CASH ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ITEM ITEM ITEM ITEM ITEM ITEM ITEM POST. REF. DEBIT POST. REF POST. REF POST. REF POST REF. POST REF POST. REF. Denm DEBIT DEBIT DEBIT DEBIT DCOM ACCOUNT NO CREDIT CREDIT ACCOUNT NO CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE CREDIT DEBIT CREDIT ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT CREDIT ACCOUNT NO. BALANCE DEBIT CRED CREDIT DEBIT CREDIT ACCOUNT NO. BALANCE BALANCE ACCOUNT NO. DEBIT CREDIT BALANCE DEBIT CREDIT
Transcribed Image Text:DATE Jan. 01 Jan 04 Jan 06 Jan. 07 Jan, 08 Jan. 09 Jan. 10 DATE Jan 10 Jan 28 Jan. 31 ACCOUNT TITLE Allison Schmidt, Capital Supplies Accounts Payable, Office Central Accounts Receivable, Rob Wikon Accounts Receivable, Bob Wilson Advertising Expense Carried Forward ACCOUNT FIVE COLUMN JOURNAL Brought Forward ✔ Totals DOC. POST NO. REF. DEBIT R1 M1 $1 R2 R3✔ C4 ✓ GENERAL $1,100.00 ✓ R23 ✔ $250.00 CREDIT $5,000.00 $1,100.00 $ 100.00 FIVE COLUMN JOURNAL DOC. POST NO. REF. DERIT GENERAL SALES CREDIT $ 250.00 CREDIT $1,750.00 $6,200 00 CASH $ 400.00 $ 400.00 $1,750.00 $6,200.00 $1,050.00 $5,900.00 $ 400.00 DEBIT $5,000.00 $ 100.00 $800.00 $ 800 00 SALES CREDIT DERIT CREDIT $1,050.00 $5,900.00 $ 400.00 $ 450.00 $450.00 $1,750.00 $6,200.00 $1,500.00 $6,350.00 $ 400.00 CREDIT CASH ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ACCOUNT DATE ITEM ITEM ITEM ITEM ITEM ITEM ITEM POST. REF. DEBIT POST. REF POST. REF POST. REF POST REF. POST REF POST. REF. Denm DEBIT DEBIT DEBIT DEBIT DCOM ACCOUNT NO CREDIT CREDIT ACCOUNT NO CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE CREDIT DEBIT CREDIT ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT CREDIT ACCOUNT NO. BALANCE DEBIT CRED CREDIT DEBIT CREDIT ACCOUNT NO. BALANCE BALANCE ACCOUNT NO. DEBIT CREDIT BALANCE DEBIT CREDIT
Chart of (100) Assets 110 Cash 120 Accounts Receivable - Bob Wilson 130 Supplies (200) 210 Accounts Payable - Office Central Liabilities Account's (300) Owner's Equity 310 Allison Schmidt, Capital (400) Revenue 410 Sales (500) Expenses 510 Advertising Expense
Transcribed Image Text:Chart of (100) Assets 110 Cash 120 Accounts Receivable - Bob Wilson 130 Supplies (200) 210 Accounts Payable - Office Central Liabilities Account's (300) Owner's Equity 310 Allison Schmidt, Capital (400) Revenue 410 Sales (500) Expenses 510 Advertising Expense
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