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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.

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.

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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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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