Posting to the General Ledger

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timer Asked: Nov 11th, 2016

Question description

Post the journal entries to the ledger. The ledger is already set up for you with balance forward amounts from the previous year.

U3A6 Assignment 1. Post the following journal entries to the ledger. The ledger is set up for you. Click on the tab at the bottom to go to the ledger sheet. Tip: Print off the Gener It is easier than flip between screens. 2. Do an equality check to ensure that the total debits of the ledger equals the total credits. General Journal Date 2015 Oct Particulars Page: P.R. Debit 1 Rent Expense HST Recoverable Bank Cheque 352 to Thornbury Investments 900,00 117,00 3 Supplies HST Recoverable A/P Rona Lumber Purchase of supplies on account 235,00 30,55 14 Credit Of course you can two sheets side by window. Use the h and search 'view tw worksheets' 1.017,00 265,55 5 A/R - W. McKinley HST Payable Revenue Sale on account 3.955,00 5 A/R - L. Ingram HST Payable Revenue Sale on account 2.599,00 11 A/R - Reid Co. HST Payable Revenue Sale on account 904,00 15 A. Anderson, Drawings Bank Cheque 353 to owner for personal use. 500,00 17 A/P Rona Lumber Bank Payment on account - cheque # 354 265,55 455,00 3.500,00 299,00 2.300,00 104,00 800,00 500,00 265,55 9.506,10 9.506,10 Equity Check: Add all the figures in the column above on each journal page. These are cross or pencil footings - just a General Journal Date Particulars 2007 Oct 18 Supplies HST Recoverable Bank Purchase supplies - cheque # 355 18 Bank Page: P.R. Debit 186,45 3.955,00 3.955,00 18 Automobile expense HST Recoverable Bank Auto repairs cheque #356 118,00 15,34 19 Bank charges Bank Bank interest 250,00 19 Wages Expense Bank Paid wages on cheque #357 575,00 19 A/R - K. Peters HST Payable Revenue Sale on account 678,00 24 Telephone Expense HST Recoverable Bank Paid telephone bill - cheque #358 Credit 165,00 21,45 A/R - W. McKinley Received full payment of account 19 Bank Loan Bank Made payment on bank loan 15 133,34 250,00 575,00 78,00 600,00 2.000,00 2.000,00 58,00 7,54 65,54 7.843,33 7.843,33 These are cross or pencil footings - just a check to ensure that debits equal credits. General Journal Date Particulars 2007 Oct 25 Bank Page: P.R. Debit 16 Credit 400,00 A/R.- K. Peters Received payment on accounts 400,00 26 A/R - W. McKinley HST Payable Revenue Sale on account 452,00 26 A. Anderson, Drawings Bank Cheque 359 to owner for personal use. 450,00 30 Wages Expense Bank Cheque #360 paid for wages 570,00 52,00 400,00 450,00 570,00 1.872,00 1.872,00 Print off the General Journal. It is easier than flipping between screens. Of course you can work on the two sheets side by side in one window. Use the help menu and search 'view two worksheets' the figures in umn above on are cross or just a are cross or just a o ensure that equal credits. A. Anderson, Fishing Guide General Ledger 101 Date 2015 Oct Bank Account Particulars balance forwarded P.R. Debit Credit Balance 2.000,00 Note that in the real world each account would be on a separate page. We have condensed the ledger for teaching purposes only. The account number may appear in either the top right or the top left of a ledger account. Remember use a 'formula' to calculate the running balance. 111 Date 2015 A/R - L. Ingram Particulars P.R. Debit Credit Balance 113 Date 2015 A/R - W. McKinley Particulars P.R. Debit Credit Balance 115 Date 2015 A/R - K. Peters Particulars P.R. Debit Credit Balance Go to Excel’s help menu and search : ‘calculate a running balance’ 117 Date 2015 A/R - Reid Co. Particulars 120 Date 2015 Supplies 125 Date 2015 Equipment 130 Date 2015 Automobile 201 Date 2015 Bank Loan 211 Date 2015 A/P - Rona Lumber Particulars Particulars balance forwarded Particulars balance forwarded Particulars balance forwarded Particulars balance forwarded P.R. Debit Credit Balance P.R. Debit Credit Balance 1.450,00 P.R. Debit Credit Balance 14.732,00 P.R. Debit Credit Balance 28.957,00 P.R. Debit Credit Balance 20.000,00 P.R. Debit Credit Balance 250 Date 2015 HST Payable Particulars P.R. Debit Credit Balance 251 Date 2015 HST Recoverable Particulars P.R. Debit Credit Balance 301 Date 2015 A. Anderson, Capital Particulars balance forwarded P.R. Debit Credit Balance 27.139,00 302 Date 2015 A. Anderson, Drawings Particulars P.R. Debit Credit Balance 401 Date 2015 Revenue Particulars P.R. Debit Credit Balance 505 Date 2015 Automobile Expense Particulars P.R. Debit Credit Balance 510 Date 2015 Bank Charges Expense Particulars P.R. Debit Credit Balance 515 Date 2015 Rent Expense Particulars P.R. Debit Credit Balance 520 Date 2015 Telephone Expense Particulars P.R. Debit Credit Balance 525 Date 2015 Wages Expense Particulars P.R. Debit Credit Balance - - Note that in the real world each account would be on a separate page. We have condensed the ledger for teaching purposes only. account number may appear in either the top right or the top left of a ledger account. Remember to use a 'formula' to calculate the running balance. Go to Excel’s help menu and search : ‘calculate a running balance’

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