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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
journalizing and posting purchases transactions using a general journal

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

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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