Please help me P2-6 Journalising transactions, posting to accounts in four-column format and preparing aLO4,5trial balance [45-60 min)The trial balance of Sam Mitchell, Accountant, is dated 31 January 2013:SAM MITCHELL, ACCOUNTANTTrial balanceas at 31 January 2013Account no.AccountDebitCredit11Cash$ 700012Accounts receivable10 500Supplies6001314Land1700021Accounts payable$ 4700Sam Mitchell, capital30 4003132Sam Mitchell, drawings41Service revenue51Salary expense52Rent expenseTotal$35 100$35 100During February, Sam Mitchell or his business completed the following transactions:Feb 4 Collected $4000 cash from a client on account.8 Performed tax services for a client on credit, 54600.13 Paid business debt on account, S$2400.18 Purchased office supplies on credit, $900.20 Sam Mitchell withdrew cash of $2200.21 Sam Mitchell paid for a deck for his private residence using personal funds, $8000.22 Received $2 300 cash for consulting work just completed.27 Paid office rent, $500.29 Paid employee salary. $1 600.Requirements1 Record the February transactions in the journal. Include an explanation for each entry.2 Post the transactions to four-column accounts in the ledger, using dates, account numbers,journal references and posting references. Open the ledger accounts listed in the trial balance,together with their balances at 31 January.3 Prepare the trial balance of Sam Mitchell, Accountant, at 28 February 2013.

The journal entries are prepared to record day to day transactions of the business on regular basis.

P2-6 Journalising transactions, posting to accounts in four-column format and preparing a LO trial balance (45-60 min] The trial balance of Sam Mitchell, Accountant, is dated 31 January 2013: SAM MITCHELL, ACCOUNTANT Trial balance as at 31 January 2013 Account no. Account Debit Credit 1 Cash $ 7000 12 Accounts receivable 10 500 13 Supplies 600 14 Land 17000 $ 4700 21 Accounts payable Sam Mitchell, capital Sam Mitchell, drawings 31 30 400 32 41 Service revenue 51 Salary expense 52 Rent expense Total $35 100 $35 100 During February, Sam Mitchell or his business completed the following transactions:

P2-6 Journalising transactions, posting to accounts in four-column format and preparing a LO trial balance (45-60 min] The trial balance of Sam Mitchell, Accountant, is dated 31 January 2013: SAM MITCHELL, ACCOUNTANT Trial balance as at 31 January 2013 Account no. Account Debit Credit 1 Cash $ 7000 12 Accounts receivable 10 500 13 Supplies 600 14 Land 17000 $ 4700 21 Accounts payable Sam Mitchell, capital Sam Mitchell, drawings 31 30 400 32 41 Service revenue 51 Salary expense 52 Rent expense Total $35 100 $35 100 During February, Sam Mitchell or his business completed the following transactions:

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section14.2: Writing Off And Collecting Uncollectible Accounts Receivable

Problem 1OYO

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