Homework Help is Here – Start Your Trial Now!
Business
Accounting
Zookiss Forklift Servicxs Tonoomall Handbnicess As at 31st Dexxumber 2023 Date Account Jan 01 Cash Debit ($) $1,200,500.00 Credit ($) Tam: 01 Accounts Receivable $ 355,300.00 Jan 01 Supplies Tam: 01 Mootoor rundk Tam 01 Other Creditors Jam: 01 Capitall Stock Jam: 02 Cash $ 210,850.00) $1,500,000.00 $ 100,000.00 $1,155,000.00 $ 250.105.00 Jan: 02 Accounts Receivable $ 300.000.00 Jam: 02 Supplies $ Tam: 022 Moofoor Truck $75,000.00 $1,200,000.00 Jam: 02 Capitall Stock $1,825,105.00 Feb 01 Prepaid Rent $1,200,000.00 Feb 01 Cashh $1,200,000.00 Mar: 30 Prepadl linsurance Mar 30 Cash $ 280,000.00 $ 280,000.COD Apr 04 Cash $1,000,000,00 Apr 04 Uncaunned Fees $1,000,000,00 May 05 Motor Truck $1,500,000.00 May 05 Other Creditors $1,500,000.00 Tum: 06 Cash $ 300,000.00 Tom: 06 Uncaunned Frees $ 300.000.00 Tom: 10 Secundity Expenses Tum: 10 Cash $ 105,000.00 $ 105,000.00 Aug 12 Other Creditkorss $ 500,000.00 Aug 12 Cash $ 500,000.00 Sep 12 Accounts Receivable $1,000,000.00 Sep 12 Fees Earned $ 1.000). (D) COD Sep 30 Salary Expense $ 530.000.00 Sep 30 Cash $530,000.00 Oct-17 Cashh $ 950,950.00 Oct 17 Fees Earned $ 950,950.00 Oct 30 Supplies $212,000.00 Oct 30 Cash $212,000.00 Oct 30 Accounts Receivable $ 850,000.CO Oct 30 Feess Eaunned Nov 24 Causlh Nov 24 Fees Eaunned $ 850.000.00 $1,545,000.00 $1,545,000.00 Nov 25 Cash $ 550,000.00 Nov 25 Accounts Receivablkess $ 550,000.00 Nov 27 Salary Expense $840,000.00 Nov 27 Cash h $840,000.00 Dec 29 Telephone Expxensse $ 340,000.00 Dec 29 Cassh $340,000.00 Dec 30 Electricity Expense $425,000.00 Dec 30 Cash $425,000.00 Dec 30 Cash $1,450,000.00 Dec 30 Fees Earned $1,450,000.00 Dec 30 Accounts Receivable $1,480,000.CDCD Dex: 30 Fees Eaunned $1,480,000.00

Zookiss Forklift Servicxs Tonoomall Handbnicess As at 31st Dexxumber 2023 Date Account Jan 01 Cash Debit ($) $1,200,500.00 Credit ($) Tam: 01 Accounts Receivable $ 355,300.00 Jan 01 Supplies Tam: 01 Mootoor rundk Tam 01 Other Creditors Jam: 01 Capitall Stock Jam: 02 Cash $ 210,850.00) $1,500,000.00 $ 100,000.00 $1,155,000.00 $ 250.105.00 Jan: 02 Accounts Receivable $ 300.000.00 Jam: 02 Supplies $ Tam: 022 Moofoor Truck $75,000.00 $1,200,000.00 Jam: 02 Capitall Stock $1,825,105.00 Feb 01 Prepaid Rent $1,200,000.00 Feb 01 Cashh $1,200,000.00 Mar: 30 Prepadl linsurance Mar 30 Cash $ 280,000.00 $ 280,000.COD Apr 04 Cash $1,000,000,00 Apr 04 Uncaunned Fees $1,000,000,00 May 05 Motor Truck $1,500,000.00 May 05 Other Creditors $1,500,000.00 Tum: 06 Cash $ 300,000.00 Tom: 06 Uncaunned Frees $ 300.000.00 Tom: 10 Secundity Expenses Tum: 10 Cash $ 105,000.00 $ 105,000.00 Aug 12 Other Creditkorss $ 500,000.00 Aug 12 Cash $ 500,000.00 Sep 12 Accounts Receivable $1,000,000.00 Sep 12 Fees Earned $ 1.000). (D) COD Sep 30 Salary Expense $ 530.000.00 Sep 30 Cash $530,000.00 Oct-17 Cashh $ 950,950.00 Oct 17 Fees Earned $ 950,950.00 Oct 30 Supplies $212,000.00 Oct 30 Cash $212,000.00 Oct 30 Accounts Receivable $ 850,000.CO Oct 30 Feess Eaunned Nov 24 Causlh Nov 24 Fees Eaunned $ 850.000.00 $1,545,000.00 $1,545,000.00 Nov 25 Cash $ 550,000.00 Nov 25 Accounts Receivablkess $ 550,000.00 Nov 27 Salary Expense $840,000.00 Nov 27 Cash h $840,000.00 Dec 29 Telephone Expxensse $ 340,000.00 Dec 29 Cassh $340,000.00 Dec 30 Electricity Expense $425,000.00 Dec 30 Cash $425,000.00 Dec 30 Cash $1,450,000.00 Dec 30 Fees Earned $1,450,000.00 Dec 30 Accounts Receivable $1,480,000.CDCD Dex: 30 Fees Eaunned $1,480,000.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Questions:

1. Post the journal entries to their respective ledger accounts

2. Prepare the trial balance

 

Zookiss Forklift Servicxs Tonoomall Handbnicess As at 31st Dexxumber 2023 Date Account Jan 01 Cash Debit ($) $1,200,500.00 Credit ($) Tam: 01 Accounts Receivable $ 355,300.00 Jan 01 Supplies Tam: 01 Mootoor rundk Tam 01 Other Creditors Jam: 01 Capitall Stock Jam: 02 Cash $ 210,850.00) $1,500,000.00 $ 100,000.00 $1,155,000.00 $ 250.105.00 Jan: 02 Accounts Receivable $ 300.000.00 Jam: 02 Supplies $ Tam: 022 Moofoor Truck $75,000.00 $1,200,000.00 Jam: 02 Capitall Stock $1,825,105.00 Feb 01 Prepaid Rent $1,200,000.00 Feb 01 Cashh $1,200,000.00 Mar: 30 Prepadl linsurance Mar 30 Cash $ 280,000.00 $ 280,000.COD Apr 04 Cash $1,000,000,00 Apr 04 Uncaunned Fees $1,000,000,00 May 05 Motor Truck $1,500,000.00 May 05 Other Creditors $1,500,000.00 Tum: 06 Cash $ 300,000.00 Tom: 06 Uncaunned Frees $ 300.000.00 Tom: 10 Secundity Expenses Tum: 10 Cash $ 105,000.00 $ 105,000.00 Aug 12 Other Creditkorss $ 500,000.00 Aug 12 Cash $ 500,000.00 Sep 12 Accounts Receivable $1,000,000.00 Sep 12 Fees Earned $ 1.000). (D) COD Sep 30 Salary Expense $ 530.000.00 Sep 30 Cash $530,000.00 Oct-17 Cashh $ 950,950.00 Oct 17 Fees Earned $ 950,950.00 Oct 30 Supplies $212,000.00 Oct 30 Cash $212,000.00 Oct 30 Accounts Receivable $ 850,000.CO Oct 30 Feess Eaunned Nov 24 Causlh Nov 24 Fees Eaunned $ 850.000.00 $1,545,000.00 $1,545,000.00 Nov 25 Cash $ 550,000.00 Nov 25 Accounts Receivablkess $ 550,000.00 Nov 27 Salary Expense $840,000.00 Nov 27 Cash h $840,000.00 Dec 29 Telephone Expxensse $ 340,000.00 Dec 29 Cassh $340,000.00 Dec 30 Electricity Expense $425,000.00 Dec 30 Cash $425,000.00 Dec 30 Cash $1,450,000.00 Dec 30 Fees Earned $1,450,000.00 Dec 30 Accounts Receivable $1,480,000.CDCD Dex: 30 Fees Eaunned $1,480,000.00
Transcribed Image Text:Zookiss Forklift Servicxs Tonoomall Handbnicess As at 31st Dexxumber 2023 Date Account Jan 01 Cash Debit ($) $1,200,500.00 Credit ($) Tam: 01 Accounts Receivable $ 355,300.00 Jan 01 Supplies Tam: 01 Mootoor rundk Tam 01 Other Creditors Jam: 01 Capitall Stock Jam: 02 Cash $ 210,850.00) $1,500,000.00 $ 100,000.00 $1,155,000.00 $ 250.105.00 Jan: 02 Accounts Receivable $ 300.000.00 Jam: 02 Supplies $ Tam: 022 Moofoor Truck $75,000.00 $1,200,000.00 Jam: 02 Capitall Stock $1,825,105.00 Feb 01 Prepaid Rent $1,200,000.00 Feb 01 Cashh $1,200,000.00 Mar: 30 Prepadl linsurance Mar 30 Cash $ 280,000.00 $ 280,000.COD Apr 04 Cash $1,000,000,00 Apr 04 Uncaunned Fees $1,000,000,00 May 05 Motor Truck $1,500,000.00 May 05 Other Creditors $1,500,000.00 Tum: 06 Cash $ 300,000.00 Tom: 06 Uncaunned Frees $ 300.000.00 Tom: 10 Secundity Expenses Tum: 10 Cash $ 105,000.00 $ 105,000.00 Aug 12 Other Creditkorss $ 500,000.00 Aug 12 Cash $ 500,000.00 Sep 12 Accounts Receivable $1,000,000.00 Sep 12 Fees Earned $ 1.000). (D) COD Sep 30 Salary Expense $ 530.000.00 Sep 30 Cash $530,000.00 Oct-17 Cashh $ 950,950.00 Oct 17 Fees Earned $ 950,950.00 Oct 30 Supplies $212,000.00 Oct 30 Cash $212,000.00 Oct 30 Accounts Receivable $ 850,000.CO Oct 30 Feess Eaunned Nov 24 Causlh Nov 24 Fees Eaunned $ 850.000.00 $1,545,000.00 $1,545,000.00 Nov 25 Cash $ 550,000.00 Nov 25 Accounts Receivablkess $ 550,000.00 Nov 27 Salary Expense $840,000.00 Nov 27 Cash h $840,000.00 Dec 29 Telephone Expxensse $ 340,000.00 Dec 29 Cassh $340,000.00 Dec 30 Electricity Expense $425,000.00 Dec 30 Cash $425,000.00 Dec 30 Cash $1,450,000.00 Dec 30 Fees Earned $1,450,000.00 Dec 30 Accounts Receivable $1,480,000.CDCD Dex: 30 Fees Eaunned $1,480,000.00
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS