WEEK 3: JOURNALIZING AND POSTING

JOURNALIZE AND POST NOVEMBER AND DECEMBER TRANSACTIONS - DON'T

FORGET TO POST TO THE GENERAL LEDGER ON THE SECOND (YELLOW) TAB AT
THE BOTTOM. IT IS ON A SEPARATE WORKSHEET!!!!
GENERAL JOURNAL
Page 1
Date Description Post Ref Debit Credit
1 2015 1
2 NOV 3 cash 101 50,000 2
3 J.Jones, Capital 301 50,000 3
4 Starting money 4
5 5
6 5 computer equipment 141 2,000 6
7 cash 101 2,000 7
8 check 1001 digital warehouse 8
9 bought computer equipment 9
10 10
11 6 rent expense 511 1,000 11
12 prepaid rent 137 2,000 12
13 cash 101 3,000 13
14 check 1002 to property inc. 14
15 nov. rent prepay dec anf jan rent 15
16 16
17 10 purchase office furniture 143 3,500 17
18 cash 101 3,500 18
19 check 1003 furniture depot 19
20 furniture 20
21 21
22 11 computer equipment 141 4,000 22
23 accounts payable 201 4,000 23
24 purchase computer equipment from elite 24
25 invoice #7964 25
26 26
27 14 fees income 401 1,200 27
28 cash 101 1,200 28
29 cash client 29
30 30
31 17 fees income 401 3,000 31
32 accounts receivable 111 3,000 32
33 speedy freight 33
34 invoice #101 34
35 35
36 19 utilities expence 514 500 36
37 cash 101 500 37
38 check 1004 state power company 38
39 39
40 20 fees income 401 6,000 40
41 cash 101 6,000 41
42 cash client 42
43 43
44 44
45 45

GENERAL JOURNAL
Page 2
Date Description Post Ref Debit Credit
1 25 j jones drawing 302 4,000 1
2 cash 101 4,000 2
3 check 1005 to j. jones 3
4 4
5 DEC 10 computer equipment 141 3,000 5
6 cash 101 1,000 6
7 accounts payable 201 2,000 7
8 purchases from elite computer 8
9 check # 1007 9
10 invoice #8009 10
11 11
12 15 fees income 401 2,500 12
13 accounts receivable 111 2,500 13
14 cash client 14
15 15
16 16 cash 101 1,000 16
17 account receivable 111 1,000 17
18 payment from speedy freight 18
19 invoice #101 from nov. 19
20 20
21 16 account payable 201 1,500 21
22 cash 101 1,500 22
23 check #1008 23
24 24
25 20 salaries 521 2,000 25
26 cash 101 2,000 26
27 check number 1010 27
28 28
29 29
30 30
WEEK 3: JOURNALIZING AND POSTING
JOURNALIZE AND POST NOVEMBER AND DECEMBER TRANSACTIONS - FORMAT IS IMPORTANT

GENERAL LEDGER

Account: CASH Account No. 101

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 3 1 50,000 50,000
5 1 2,000 2,000
6 1 3,000 3,000
10 1 3,500 3,500
14 1 1,200 1,200
19 1 500 500
20 1 6,000 6,000
25 2 4,000 4,000
dec 10 2 1,000 1,000
15 2 2,500 2,500
18 2 1,500 1,500
20 2 2,000 2,000

Account: ACCOUNTS RECEIVABLE Account No. 111

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 17 1 3,000 3,000
dec 15 2 2,500 2,500
16 2 1,000 1,000

Account: PREPAID RENT Account No. 137

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 6 1 2,000 2,000

Account: COMPUTER EQUIPMENT Account No. 141

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 5 1 2,000 2,000
11 1 4,000 4,000
dec 10 2 3,000 3,000

Account: OFFICE FURNITURE Account No. 143

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 10 1 3,500 3,500

Account: ACCOUNTS PAYABLE Account No. 201

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 11 1 4,000 4,000
dec 10 2 2,000 2,000
16 2 1,000 1,000

Account: J. JONES, CAPITAL Account No. 301

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 3 1 50,000 50,000

Account: J. JONES, DRAWING Account No. 302

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 25 2 4,000 4,000

Account: FEES INCOME Account No. 401

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015 1
nov 14 1 1,200 1,200
17 1 3,000 3,000
20 1 6,000 6,000
dec 15 2 2,500 2,500

Account: RENT EXPENSE Account No. 511

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 6 1 1,000 1,000

Account: UTILITIES EXPENSE Account No. 514

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
nov 1 500 500

Account: SALARIES EXPENSE Account No. 521

Balance
Date Description Post Ref Debit Credit
Debit Credit
2015
dec 20 2 2,000 2,000

Jones Consultants
Trial Balance
December 30, 2015
Account Name Debit Credit
Cash 77,200
Accounts Receivable 6,500
Prepaid Rent 2,000
Computer Equipment 9,000
Office Furniture 3,500
Accounts Payable 7,000
J. Jones, Capital 50,000
J. Jones, Drawing 4,000
Fees Income 12,700
Rent Expense 1,000
Utilities Expense 500
Salaries Expense 2,000
Totals 105,700 63,400