December Transactions: Dec. Bought store supplies on account from Daniels Supply, $153.00. M85. Returned merchandise to Mason Molds, $107.00. DM23. 7 Returned merchandise to Harris Paints, $129.00. DM24. Bought office supplies on account from Office Zone, $292.00. M86.

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Chapter1: Financial Statements And Business Decisions
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journalizing and posting purchases transactions using a general journal
11-1 Application Problem
Transactions
COA
December Transactions:
Dec.
Bought store supplies on account from Daniels Supply, $153.00. M85.
6
Returned merchandise to Mason Molds, $107.00. DM23.
Returned merchandise to Harris Paints, $129.00. DM24.
9
Bought office supplies on account from Office Zone, $292.00. M86.
Journalize the transactions for Holiday Ceramics during December of the current year. Use page 12 of a general journal. Source documents are
abbreviated as follows: memorandum, M; debit memorandum, DM.
PAGE 12
GENERAL JOURNAL
DATE
ACCOUNT TITLE
DOC. NO. POST. REF.
DEBIT
CREDIT
1
2
3
3
4
4
5
5
8
8
Transcribed Image Text:11-1 Application Problem Transactions COA December Transactions: Dec. Bought store supplies on account from Daniels Supply, $153.00. M85. 6 Returned merchandise to Mason Molds, $107.00. DM23. Returned merchandise to Harris Paints, $129.00. DM24. 9 Bought office supplies on account from Office Zone, $292.00. M86. Journalize the transactions for Holiday Ceramics during December of the current year. Use page 12 of a general journal. Source documents are abbreviated as follows: memorandum, M; debit memorandum, DM. PAGE 12 GENERAL JOURNAL DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT 1 2 3 3 4 4 5 5 8 8
plication Problem
6105 Advertising Expense
1210 Accumulated Depreciation-Office Equipment
6110 Cash Short and Over
1215 Store Equipment
6120 Depreciation Expense-Office Equipment
1220 Accumulated Depreciation-Store Equipment
6125 Depreciation Expense-Store Equipment
LIABILITIES
6130 Insurance Expense
2110 Accounts Payable
6135 Miscellaneous Expense
2120 Sales Tax Payable
6145 Rent Expense
6150 Salary Expense
EQUITY
6160 Supplies Expense
3110 Capital Stock
6165 Uncollectible Accounts Expense
3120 Paid-in Capital in Excess of Par
6170 Utilities Expense
3130 Retained Earnings
6200 Income Tax Expense
3140 Dividends
3150 Income Summary
Subsidiary Ledgers
Accounts Receivable Ledger
Accounts Payable Ledger
210 Daniels Supply
110 Bearden Chemicals
220 Harris Paints
120 Lenny Stanford
230 Mason Molds
130 Skinner College
240 Office Zone
250 Smith Supply
Journalize the transactions for Holiday Ceramics during December of the current year. Use page 12 of a general journal. Source docum
abbreviated as follows: memorandum, M; debit memorandum, DM.
PAGE 12
Transcribed Image Text:plication Problem 6105 Advertising Expense 1210 Accumulated Depreciation-Office Equipment 6110 Cash Short and Over 1215 Store Equipment 6120 Depreciation Expense-Office Equipment 1220 Accumulated Depreciation-Store Equipment 6125 Depreciation Expense-Store Equipment LIABILITIES 6130 Insurance Expense 2110 Accounts Payable 6135 Miscellaneous Expense 2120 Sales Tax Payable 6145 Rent Expense 6150 Salary Expense EQUITY 6160 Supplies Expense 3110 Capital Stock 6165 Uncollectible Accounts Expense 3120 Paid-in Capital in Excess of Par 6170 Utilities Expense 3130 Retained Earnings 6200 Income Tax Expense 3140 Dividends 3150 Income Summary Subsidiary Ledgers Accounts Receivable Ledger Accounts Payable Ledger 210 Daniels Supply 110 Bearden Chemicals 220 Harris Paints 120 Lenny Stanford 230 Mason Molds 130 Skinner College 240 Office Zone 250 Smith Supply Journalize the transactions for Holiday Ceramics during December of the current year. Use page 12 of a general journal. Source docum abbreviated as follows: memorandum, M; debit memorandum, DM. PAGE 12
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