Following is the chart of accounts of the C. Gervais Clinic: Assets Revenue 111 Cash 411 Professional Fees 113 Accounts Receivable 115 Supplies Expenses 117 Prepaid Insurance 511 Salary Expense 124 Equipment 512 Rent Expense 513 Laboratory Expense Liabilities 514 Utilities Expense 221 Accounts Payable Owner's Equity 311 C. Gervais, Capital 312 C. Gervais, Drawing Dr. Gervais completed the following transactions during July: July 1 Bought laboratory equipment on account from Laser Surgical Supply Company, $4,050, paying $1,555 in cash and placing the remainder on account, Ck. No. 1730. 3 Paid the office rent for the current month, $1,525, Ck. No. 1731. 5 Received cash on account from patients, $825. 6 Bought supplies on account from McRae Supply Company, $800, Inv. No. 3455. 7 Received and paid the bill for laboratory services, $1,785, Ck. No. 1732. 8 Bought insurance for one year, $2,625, CK. No. 1733. 12 Performed medical services for patients on account, $6,758. 15 Performed medical services for patients for cash, $5,582. 16 The equipment purchased on July 1 was found to be broken. Dr. Gervais returned the damaged part and received a reduction in his bill, $584, Inv. No. 3162, Credit Memo No. 141. 18 Paid the salary of the part-time nurse, $2,520, Ck. No. 1734. 24 Received and paid the telephone bill for the month, $898, Ck. No. 1735. 28 Performed medical services for patients on account, $8,063. 29 Dr. Gervais withdrew cash for his personal use, $2,760, Ck. No. 1736. Question Content Area Required: 1. Journalize the transactions for July in the general journal, beginning on page 21. For compound entries, if an amount box does not require an entry, leave it blank. GENERAL JOURNAL PAGE 21 DATE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT 20-- Jul. 1 fill in the blank 155042ff7fe1076_2 fill in the blank 155042ff7fe1076_3 fill in the blank 155042ff7fe1076_4 fill in the blank 155042ff7fe1076_6 fill in the blank 155042ff7fe1076_7 fill in the blank 155042ff7fe1076_8 fill in the blank 155042ff7fe1076_10 fill in the blank 155042ff7fe1076_11 fill in the blank 155042ff7fe1076_12 Bought laboratory equipment from Laser Surgical Supply Company, Ck. No. 1730. Jul. 3 fill in the blank 155042ff7fe1076_14 fill in the blank 155042ff7fe1076_15 fill in the blank 155042ff7fe1076_17 fill in the blank 155042ff7fe1076_18 Paid the month's rent, Ck. No. 1731. Jul. 5 fill in the blank 155042ff7fe1076_20 fill in the blank 155042ff7fe1076_21 fill in the blank 155042ff7fe1076_23 fill in the blank 155042ff7fe1076_24 Received on account. Jul. 6 fill in the blank 155042ff7fe1076_26 fill in the blank 155042ff7fe1076_27 fill in the blank 155042ff7fe1076_29 fill in the blank 155042ff7fe1076_30 Bought supplies from McRae Supply Company, Inv. No. 3455. Jul. 7 fill in the blank 155042ff7fe1076_32 fill in the blank 155042ff7fe1076_33 fill in the blank 155042ff7fe1076_35 fill in the blank 155042ff7fe1076_36 Paid for laboratory services, Ck. No. 1732. Jul. 8 fill in the blank 155042ff7fe1076_38 fill in the blank 155042ff7fe1076_39 fill in the blank 155042ff7fe1076_41 fill in the blank 155042ff7fe1076_42 Bought insurance for one year, Ck. No. 1733. Jul. 12 fill in the blank 155042ff7fe1076_44 fill in the blank 155042ff7fe1076_45 fill in the blank 155042ff7fe1076_47 fill in the blank 155042ff7fe1076_48 Performed medical services on account. Jul. 15 fill in the blank 155042ff7fe1076_50 fill in the blank 155042ff7fe1076_51 fill in the blank 155042ff7fe1076_53 fill in the blank 155042ff7fe1076_54 Performed medical services. Question Content Area Journalize the transactions for July in the general journal, concluding on page 22. GENERAL JOURNAL PAGE 22 DATE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT 20-- Jul. 16 fill in the blank e1adc1f78f9f050_2 fill in the blank e1adc1f78f9f050_3 fill in the blank e1adc1f78f9f050_5 fill in the blank e1adc1f78f9f050_6 Returned damaged equipment, Inv. No. 3162, Credit Memo No. 141. Jul. 18 fill in the blank e1adc1f78f9f050_8 fill in the blank e1adc1f78f9f050_9 fill in the blank e1adc1f78f9f050_11 fill in the blank e1adc1f78f9f050_12 Paid part-time nurse's salary, Ck. No. 1734. Jul. 24 fill in the blank e1adc1f78f9f050_14 fill in the blank e1adc1f78f9f050_15 fill in the blank e1adc1f78f9f050_17 fill in the blank e1adc1f78f9f050_18 Paid the telephone bill, Ck. No. 1735. Jul. 28 fill in the blank e1adc1f78f9f050_20 fill in the blank e1adc1f78f9f050_21 fill in the blank e1adc1f78f9f050_23 fill in the blank e1adc1f78f9f050_24 Performed medical services on account. Jul. 29 fill in the blank e1adc1f78f9f050_26 fill in the blank e1adc1f78f9f050_27 fill in the blank e1adc1f78f9f050_29 fill in the blank e1adc1f78f9f050_30 Withdrew cash for personal use, Ck. No. 1736.
Following is the chart of accounts of the C. Gervais Clinic: Assets Revenue 111 Cash 411 Professional Fees 113 Accounts Receivable 115 Supplies Expenses 117 Prepaid Insurance 511 Salary Expense 124 Equipment 512 Rent Expense 513 Laboratory Expense Liabilities 514 Utilities Expense 221 Accounts Payable Owner's Equity 311 C. Gervais, Capital 312 C. Gervais, Drawing Dr. Gervais completed the following transactions during July: July 1 Bought laboratory equipment on account from Laser Surgical Supply Company, $4,050, paying $1,555 in cash and placing the remainder on account, Ck. No. 1730. 3 Paid the office rent for the current month, $1,525, Ck. No. 1731. 5 Received cash on account from patients, $825. 6 Bought supplies on account from McRae Supply Company, $800, Inv. No. 3455. 7 Received and paid the bill for laboratory services, $1,785, Ck. No. 1732. 8 Bought insurance for one year, $2,625, CK. No. 1733. 12 Performed medical services for patients on account, $6,758. 15 Performed medical services for patients for cash, $5,582. 16 The equipment purchased on July 1 was found to be broken. Dr. Gervais returned the damaged part and received a reduction in his bill, $584, Inv. No. 3162, Credit Memo No. 141. 18 Paid the salary of the part-time nurse, $2,520, Ck. No. 1734. 24 Received and paid the telephone bill for the month, $898, Ck. No. 1735. 28 Performed medical services for patients on account, $8,063. 29 Dr. Gervais withdrew cash for his personal use, $2,760, Ck. No. 1736. Question Content Area Required: 1. Journalize the transactions for July in the general journal, beginning on page 21. For compound entries, if an amount box does not require an entry, leave it blank. GENERAL JOURNAL PAGE 21 DATE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT 20-- Jul. 1 fill in the blank 155042ff7fe1076_2 fill in the blank 155042ff7fe1076_3 fill in the blank 155042ff7fe1076_4 fill in the blank 155042ff7fe1076_6 fill in the blank 155042ff7fe1076_7 fill in the blank 155042ff7fe1076_8 fill in the blank 155042ff7fe1076_10 fill in the blank 155042ff7fe1076_11 fill in the blank 155042ff7fe1076_12 Bought laboratory equipment from Laser Surgical Supply Company, Ck. No. 1730. Jul. 3 fill in the blank 155042ff7fe1076_14 fill in the blank 155042ff7fe1076_15 fill in the blank 155042ff7fe1076_17 fill in the blank 155042ff7fe1076_18 Paid the month's rent, Ck. No. 1731. Jul. 5 fill in the blank 155042ff7fe1076_20 fill in the blank 155042ff7fe1076_21 fill in the blank 155042ff7fe1076_23 fill in the blank 155042ff7fe1076_24 Received on account. Jul. 6 fill in the blank 155042ff7fe1076_26 fill in the blank 155042ff7fe1076_27 fill in the blank 155042ff7fe1076_29 fill in the blank 155042ff7fe1076_30 Bought supplies from McRae Supply Company, Inv. No. 3455. Jul. 7 fill in the blank 155042ff7fe1076_32 fill in the blank 155042ff7fe1076_33 fill in the blank 155042ff7fe1076_35 fill in the blank 155042ff7fe1076_36 Paid for laboratory services, Ck. No. 1732. Jul. 8 fill in the blank 155042ff7fe1076_38 fill in the blank 155042ff7fe1076_39 fill in the blank 155042ff7fe1076_41 fill in the blank 155042ff7fe1076_42 Bought insurance for one year, Ck. No. 1733. Jul. 12 fill in the blank 155042ff7fe1076_44 fill in the blank 155042ff7fe1076_45 fill in the blank 155042ff7fe1076_47 fill in the blank 155042ff7fe1076_48 Performed medical services on account. Jul. 15 fill in the blank 155042ff7fe1076_50 fill in the blank 155042ff7fe1076_51 fill in the blank 155042ff7fe1076_53 fill in the blank 155042ff7fe1076_54 Performed medical services. Question Content Area Journalize the transactions for July in the general journal, concluding on page 22. GENERAL JOURNAL PAGE 22 DATE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT 20-- Jul. 16 fill in the blank e1adc1f78f9f050_2 fill in the blank e1adc1f78f9f050_3 fill in the blank e1adc1f78f9f050_5 fill in the blank e1adc1f78f9f050_6 Returned damaged equipment, Inv. No. 3162, Credit Memo No. 141. Jul. 18 fill in the blank e1adc1f78f9f050_8 fill in the blank e1adc1f78f9f050_9 fill in the blank e1adc1f78f9f050_11 fill in the blank e1adc1f78f9f050_12 Paid part-time nurse's salary, Ck. No. 1734. Jul. 24 fill in the blank e1adc1f78f9f050_14 fill in the blank e1adc1f78f9f050_15 fill in the blank e1adc1f78f9f050_17 fill in the blank e1adc1f78f9f050_18 Paid the telephone bill, Ck. No. 1735. Jul. 28 fill in the blank e1adc1f78f9f050_20 fill in the blank e1adc1f78f9f050_21 fill in the blank e1adc1f78f9f050_23 fill in the blank e1adc1f78f9f050_24 Performed medical services on account. Jul. 29 fill in the blank e1adc1f78f9f050_26 fill in the blank e1adc1f78f9f050_27 fill in the blank e1adc1f78f9f050_29 fill in the blank e1adc1f78f9f050_30 Withdrew cash for personal use, Ck. No. 1736.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
The Effect Of Prepaid Taxes On Assets And Liabilities
Many businesses estimate tax liability and make payments throughout the year (often quarterly). When a company overestimates its tax liability, this results in the business paying a prepaid tax. Prepaid taxes will be reversed within one year but can result in prepaid assets and liabilities.
Final Accounts
Financial accounting is one of the branches of accounting in which the transactions arising in the business over a particular period are recorded.
Ledger Posting
A ledger is an account that provides information on all the transactions that have taken place during a particular period. It is also known as General Ledger. For example, your bank account statement is a general ledger that gives information about the amount paid/debited or received/ credited from your bank account over some time.
Trial Balance and Final Accounts
In accounting we start with recording transaction with journal entries then we make separate ledger account for each type of transaction. It is very necessary to check and verify that the transaction transferred to ledgers from the journal are accurately recorded or not. Trial balance helps in this. Trial balance helps to check the accuracy of posting the ledger accounts. It helps the accountant to assist in preparing final accounts. It also helps the accountant to check whether all the debits and credits of items are recorded and posted accurately. Like in a balance sheet debit and credit side should be equal, similarly in trial balance debit balance and credit balance should tally.
Adjustment Entries
At the end of every accounting period Adjustment Entries are made in order to adjust the accounts precisely replicate the expenses and revenue of the current period. It is also known as end of period adjustment. It can also be referred as financial reporting that corrects the errors made previously in the accounting period. The basic characteristics of every adjustment entry is that it affects at least one real account and one nominal account.
Question
Following is the chart of accounts of the C. Gervais Clinic:
| Assets | Revenue |
| 111 Cash | 411 Professional Fees |
| 113 |
|
| 115 Supplies | Expenses |
| 117 Prepaid Insurance | 511 Salary Expense |
| 124 Equipment | 512 Rent Expense |
| 513 Laboratory Expense | |
| Liabilities | 514 Utilities Expense |
| 221 Accounts Payable | |
| Owner's Equity | |
| 311 C. Gervais, Capital | |
| 312 C. Gervais, Drawing |
Dr. Gervais completed the following transactions during July:
| July 1 | Bought laboratory equipment on account from Laser Surgical Supply Company, $4,050, paying $1,555 in cash and placing the remainder on account, Ck. No. 1730. | |
| 3 | Paid the office rent for the current month, $1,525, Ck. No. 1731. | |
| 5 | Received cash on account from patients, $825. | |
| 6 | Bought supplies on account from McRae Supply Company, $800, Inv. No. 3455. | |
| 7 | Received and paid the bill for laboratory services, $1,785, Ck. No. 1732. | |
| 8 | Bought insurance for one year, $2,625, CK. No. 1733. | |
| 12 | Performed medical services for patients on account, $6,758. | |
| 15 | Performed medical services for patients for cash, $5,582. | |
| 16 | The equipment purchased on July 1 was found to be broken. Dr. Gervais returned the damaged part and received a reduction in his bill, $584, Inv. No. 3162, Credit Memo No. 141. | |
| 18 | Paid the salary of the part-time nurse, $2,520, Ck. No. 1734. | |
| 24 | Received and paid the telephone bill for the month, $898, Ck. No. 1735. | |
| 28 | Performed medical services for patients on account, $8,063. | |
| 29 | Dr. Gervais withdrew cash for his personal use, $2,760, Ck. No. 1736. |
Question Content Area
Required:
1. Journalize the transactions for July in the general journal, beginning on page 21. For compound entries, if an amount box does not require an entry, leave it blank.| GENERAL JOURNAL | PAGE 21 | |||||
|---|---|---|---|---|---|---|
| DATE | DESCRIPTION | DOC. NO. | POST. REF. | DEBIT | CREDIT | |
| 20-- Jul. 1 |
|
fill in the blank 155042ff7fe1076_2 | fill in the blank 155042ff7fe1076_3 | fill in the blank 155042ff7fe1076_4 | ||
|
|
fill in the blank 155042ff7fe1076_6 | fill in the blank 155042ff7fe1076_7 | fill in the blank 155042ff7fe1076_8 | |||
|
|
fill in the blank 155042ff7fe1076_10 | fill in the blank 155042ff7fe1076_11 | fill in the blank 155042ff7fe1076_12 | |||
| Bought laboratory equipment from Laser Surgical Supply Company, Ck. No. 1730. | ||||||
| Jul. 3 |
|
fill in the blank 155042ff7fe1076_14 | fill in the blank 155042ff7fe1076_15 | |||
|
|
fill in the blank 155042ff7fe1076_17 | fill in the blank 155042ff7fe1076_18 | ||||
| Paid the month's rent, Ck. No. 1731. | ||||||
| Jul. 5 |
|
fill in the blank 155042ff7fe1076_20 | fill in the blank 155042ff7fe1076_21 | |||
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fill in the blank 155042ff7fe1076_23 | fill in the blank 155042ff7fe1076_24 | ||||
| Received on account. | ||||||
| Jul. 6 |
|
fill in the blank 155042ff7fe1076_26 | fill in the blank 155042ff7fe1076_27 | |||
|
|
fill in the blank 155042ff7fe1076_29 | fill in the blank 155042ff7fe1076_30 | ||||
| Bought supplies from McRae Supply Company, Inv. No. 3455. | ||||||
| Jul. 7 |
|
fill in the blank 155042ff7fe1076_32 | fill in the blank 155042ff7fe1076_33 | |||
|
|
fill in the blank 155042ff7fe1076_35 | fill in the blank 155042ff7fe1076_36 | ||||
| Paid for laboratory services, Ck. No. 1732. | ||||||
| Jul. 8 |
|
fill in the blank 155042ff7fe1076_38 | fill in the blank 155042ff7fe1076_39 | |||
|
|
fill in the blank 155042ff7fe1076_41 | fill in the blank 155042ff7fe1076_42 | ||||
| Bought insurance for one year, Ck. No. 1733. | ||||||
| Jul. 12 |
|
fill in the blank 155042ff7fe1076_44 | fill in the blank 155042ff7fe1076_45 | |||
|
|
fill in the blank 155042ff7fe1076_47 | fill in the blank 155042ff7fe1076_48 | ||||
| Performed medical services on account. | ||||||
| Jul. 15 |
|
fill in the blank 155042ff7fe1076_50 | fill in the blank 155042ff7fe1076_51 | |||
|
|
fill in the blank 155042ff7fe1076_53 | fill in the blank 155042ff7fe1076_54 | ||||
| Performed medical services. |
Question Content Area
Journalize the transactions for July in the general journal, concluding on page 22.
| GENERAL JOURNAL | PAGE 22 | |||||
|---|---|---|---|---|---|---|
| DATE | DESCRIPTION | DOC. NO. | POST. REF. | DEBIT | CREDIT | |
| 20-- Jul. 16 |
|
fill in the blank e1adc1f78f9f050_2 | fill in the blank e1adc1f78f9f050_3 | |||
|
|
fill in the blank e1adc1f78f9f050_5 | fill in the blank e1adc1f78f9f050_6 | ||||
| Returned damaged equipment, Inv. No. 3162, Credit Memo No. 141. | ||||||
| Jul. 18 |
|
fill in the blank e1adc1f78f9f050_8 | fill in the blank e1adc1f78f9f050_9 | |||
|
|
fill in the blank e1adc1f78f9f050_11 | fill in the blank e1adc1f78f9f050_12 | ||||
| Paid part-time nurse's salary, Ck. No. 1734. | ||||||
| Jul. 24 |
|
fill in the blank e1adc1f78f9f050_14 | fill in the blank e1adc1f78f9f050_15 | |||
|
|
fill in the blank e1adc1f78f9f050_17 | fill in the blank e1adc1f78f9f050_18 | ||||
| Paid the telephone bill, Ck. No. 1735. | ||||||
| Jul. 28 |
|
fill in the blank e1adc1f78f9f050_20 | fill in the blank e1adc1f78f9f050_21 | |||
|
|
fill in the blank e1adc1f78f9f050_23 | fill in the blank e1adc1f78f9f050_24 | ||||
| Performed medical services on account. | ||||||
| Jul. 29 |
|
fill in the blank e1adc1f78f9f050_26 | fill in the blank e1adc1f78f9f050_27 | |||
|
|
fill in the blank e1adc1f78f9f050_29 | fill in the blank e1adc1f78f9f050_30 | ||||
| Withdrew cash for personal use, Ck. No. 1736. |
Question Content Area
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Follow-up Questions
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Follow-up Question
The balances of the accounts as of June 30 have been recorded in the general ledger. Notice the word Balance in the Item column, the check mark in the Post. Ref. column, and that the amount is in the Balance column only. This indicates a balance brought forward from a prior page or month.
2. Post the amounts to the general ledger account for Cash. List the accounts in chronological order. If no amount is required, leave the entry box blank.
2. Post the amounts to the general ledger account for Cash. List the accounts in chronological order. If no amount is required, leave the entry box blank.
| ACCOUNT | Cash | ACCOUNT NO. | 111 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| June | 30 | Balance | ✓ | 37,485 | |||||
| July | fill in the blank a3ca46fbefa5fa8_1 | 21 | fill in the blank a3ca46fbefa5fa8_2 | fill in the blank a3ca46fbefa5fa8_3 | fill in the blank a3ca46fbefa5fa8_4 | fill in the blank a3ca46fbefa5fa8_5 | |||
| fill in the blank a3ca46fbefa5fa8_6 | 21 | fill in the blank a3ca46fbefa5fa8_7 | fill in the blank a3ca46fbefa5fa8_8 | fill in the blank a3ca46fbefa5fa8_9 | fill in the blank a3ca46fbefa5fa8_10 | ||||
| fill in the blank a3ca46fbefa5fa8_11 | 21 | fill in the blank a3ca46fbefa5fa8_12 | fill in the blank a3ca46fbefa5fa8_13 | fill in the blank a3ca46fbefa5fa8_14 | fill in the blank a3ca46fbefa5fa8_15 | ||||
| fill in the blank a3ca46fbefa5fa8_16 | 21 | fill in the blank a3ca46fbefa5fa8_17 | fill in the blank a3ca46fbefa5fa8_18 | fill in the blank a3ca46fbefa5fa8_19 | fill in the blank a3ca46fbefa5fa8_20 | ||||
| fill in the blank a3ca46fbefa5fa8_21 | 21 | fill in the blank a3ca46fbefa5fa8_22 | fill in the blank a3ca46fbefa5fa8_23 | fill in the blank a3ca46fbefa5fa8_24 | fill in the blank a3ca46fbefa5fa8_25 | ||||
| fill in the blank a3ca46fbefa5fa8_26 | 21 | fill in the blank a3ca46fbefa5fa8_27 | fill in the blank a3ca46fbefa5fa8_28 | fill in the blank a3ca46fbefa5fa8_29 | fill in the blank a3ca46fbefa5fa8_30 | ||||
| fill in the blank a3ca46fbefa5fa8_31 | 22 | fill in the blank a3ca46fbefa5fa8_32 | fill in the blank a3ca46fbefa5fa8_33 | fill in the blank a3ca46fbefa5fa8_34 | fill in the blank a3ca46fbefa5fa8_35 | ||||
| fill in the blank a3ca46fbefa5fa8_36 | 22 | fill in the blank a3ca46fbefa5fa8_37 | fill in the blank a3ca46fbefa5fa8_38 | fill in the blank a3ca46fbefa5fa8_39 | fill in the blank a3ca46fbefa5fa8_40 | ||||
| fill in the blank a3ca46fbefa5fa8_41 | 22 | fill in the blank a3ca46fbefa5fa8_42 | fill in the blank a3ca46fbefa5fa8_43 | fill in the blank a3ca46fbefa5fa8_44 | fill in the blank a3ca46fbefa5fa8_45 | ||||
Question Content Area
Post the amounts to the general ledger account for Accounts Receivable . If no amount is required, leave the entry box blank.
| ACCOUNT | Accounts Receivable | ACCOUNT NO. | 113 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| June | 30 | Balance | ✓ | 1,040 | |||||
| July | fill in the blank c0272efa303bfcb_1 | 21 | fill in the blank c0272efa303bfcb_2 | fill in the blank c0272efa303bfcb_3 | fill in the blank c0272efa303bfcb_4 | fill in the blank c0272efa303bfcb_5 | |||
| fill in the blank c0272efa303bfcb_6 | 21 | fill in the blank c0272efa303bfcb_7 | fill in the blank c0272efa303bfcb_8 | fill in the blank c0272efa303bfcb_9 | fill in the blank c0272efa303bfcb_10 | ||||
| fill in the blank c0272efa303bfcb_11 | 22 | fill in the blank c0272efa303bfcb_12 | fill in the blank c0272efa303bfcb_13 | fill in the blank c0272efa303bfcb_14 | fill in the blank c0272efa303bfcb_15 | ||||
Question Content Area
Post the amounts to the general ledger account for Supplies. If no amount is required, leave the entry box blank.
| ACCOUNT | Supplies | ACCOUNT NO. | 115 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| July | fill in the blank 2e733df9405807d_1 | 21 | fill in the blank 2e733df9405807d_2 | fill in the blank 2e733df9405807d_3 | fill in the blank 2e733df9405807d_4 | fill in the blank 2e733df9405807d_5 | |||
Question Content Area
Post the amounts to the general ledger account for Prepaid Insurance. If no amount is required, leave the entry box blank.
| ACCOUNT | Prepaid Insurance | ACCOUNT NO. | 117 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| June | 30 | Balance | ✓ | 695 | |||||
| July | fill in the blank e038ce04a06100a_1 | 21 | fill in the blank e038ce04a06100a_2 | fill in the blank e038ce04a06100a_3 | fill in the blank e038ce04a06100a_4 | fill in the blank e038ce04a06100a_5 | |||
Question Content Area
Post the amounts to the general ledger account for Equipment. If no amount is required, leave the entry box blank.
| ACCOUNT | Equipment | ACCOUNT NO. | 124 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| June | 30 | Balance | ✓ | 17,550 | |||||
| July | fill in the blank 6b5bc1035007f8a_1 | 21 | fill in the blank 6b5bc1035007f8a_2 | fill in the blank 6b5bc1035007f8a_3 | fill in the blank 6b5bc1035007f8a_4 | fill in the blank 6b5bc1035007f8a_5 | |||
| fill in the blank 6b5bc1035007f8a_6 | 22 | fill in the blank 6b5bc1035007f8a_7 | fill in the blank 6b5bc1035007f8a_8 | fill in the blank 6b5bc1035007f8a_9 | fill in the blank 6b5bc1035007f8a_10 | ||||
Question Content Area
Post the amounts to the general ledger account for Accounts Payable. If no amount is required, leave the entry box blank.
| ACCOUNT | Accounts Payable | ACCOUNT NO. | 221 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| June | 30 | Balance | ✓ | 2,406 | |||||
| July | fill in the blank fc92530d207f043_1 | 21 | fill in the blank fc92530d207f043_2 | fill in the blank fc92530d207f043_3 | fill in the blank fc92530d207f043_4 | fill in the blank fc92530d207f043_5 | |||
| fill in the blank fc92530d207f043_6 | 21 | fill in the blank fc92530d207f043_7 | fill in the blank fc92530d207f043_8 | fill in the blank fc92530d207f043_9 | fill in the blank fc92530d207f043_10 | ||||
| fill in the blank fc92530d207f043_11 | 22 | fill in the blank fc92530d207f043_12 | fill in the blank fc92530d207f043_13 | fill in the blank fc92530d207f043_14 | fill in the blank fc92530d207f043_15 | ||||
Question Content Area
Post the amounts to the general ledger account for C. Gervais, Capital. If no amount is required, leave the entry box blank.
Post the amounts to the general ledger account for C. Gervais, Drawing. If no amount is required, leave the entry box blank.
| ACCOUNT | C. Gervais, Capital | ACCOUNT NO. | 311 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| June | 30 | Balance | ✓ | 54,364 | |||||
Post the amounts to the general ledger account for C. Gervais, Drawing. If no amount is required, leave the entry box blank.
| ACCOUNT | C. Gervais, Drawing | ACCOUNT NO. | 312 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| July | fill in the blank 58d346f4d04f04d_1 | 22 | fill in the blank 58d346f4d04f04d_2 | fill in the blank 58d346f4d04f04d_3 | fill in the blank 58d346f4d04f04d_4 | fill in the blank 58d346f4d04f04d_5 | |||
Question Content Area
Post the amounts to the general ledger account for Professional Fees. If no amount is required, leave the entry box blank.
| ACCOUNT | Professional Fees | ACCOUNT NO. | 411 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| July | fill in the blank 1d8d5b00707df96_1 | 21 | fill in the blank 1d8d5b00707df96_2 | fill in the blank 1d8d5b00707df96_3 | fill in the blank 1d8d5b00707df96_4 | fill in the blank 1d8d5b00707df96_5 | |||
| fill in the blank 1d8d5b00707df96_6 | 21 | fill in the blank 1d8d5b00707df96_7 | fill in the blank 1d8d5b00707df96_8 | fill in the blank 1d8d5b00707df96_9 | fill in the blank 1d8d5b00707df96_10 | ||||
| fill in the blank 1d8d5b00707df96_11 | 22 | fill in the blank 1d8d5b00707df96_12 | fill in the blank 1d8d5b00707df96_13 | fill in the blank 1d8d5b00707df96_14 | fill in the blank 1d8d5b00707df96_15 | ||||
Question Content Area
Post the amounts to the general ledger account for Salary Expense. If no amount is required, leave the entry box blank.
| ACCOUNT | Salary Expense | ACCOUNT NO. | 511 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| July | fill in the blank 22a962f91ff8fd2_1 | 22 | fill in the blank 22a962f91ff8fd2_2 | fill in the blank 22a962f91ff8fd2_3 | fill in the blank 22a962f91ff8fd2_4 | fill in the blank 22a962f91ff8fd2_5 | |||
Question Content Area
Post the amounts to the general ledger account for Rent Expense. If no amount is required, leave the entry box blank.
| ACCOUNT | Rent Expense | ACCOUNT NO. | 512 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| July | fill in the blank 44483d03cfe1f84_1 | 21 | fill in the blank 44483d03cfe1f84_2 | fill in the blank 44483d03cfe1f84_3 | fill in the blank 44483d03cfe1f84_4 | fill in the blank 44483d03cfe1f84_5 | |||
Question Content Area
Post the amounts to the general ledger account for Laboratory Expense. If no amount is required, leave the entry box blank.
| ACCOUNT | Laboratory Expense | ACCOUNT NO. | 513 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| July | fill in the blank 4c1ad6f9e068f81_1 | 21 | fill in the blank 4c1ad6f9e068f81_2 | fill in the blank 4c1ad6f9e068f81_3 | fill in the blank 4c1ad6f9e068f81_4 | fill in the blank 4c1ad6f9e068f81_5 | |||
Question Content Area
Post the amounts to the general ledger account for Utilities Expense. If no amount is required, leave the entry box blank.
| ACCOUNT | Utilities Expense | ACCOUNT NO. | 514 | ||||||
DATE |
ITEM |
POST. REF. |
DEBIT |
CREDIT |
BALANCE | ||||
| DEBIT | CREDIT | ||||||||
| 20-- | |||||||||
| July | fill in the blank 83898a0abfac071_1 | 22 | fill in the blank 83898a0abfac071_2 | fill in the blank 83898a0abfac071_3 | fill in the blank 83898a0abfac071_4 | fill in the blank 83898a0abfac071_5 | |||
Solution
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