Reference no: EM133648981
Activity - General Journal Entries and Posting to the Ledger:
Mary Jenkins began a new business. Jenkins Repair Experts in Oct 2025 She has one source of revenue from repair services she performs
A03 - GeneralJoumal Page 01, A03- GeneralJoumal Page 02. A03- GeneralJournal Page 03. (NOTE included are 3 GJ pages - fill out 01 before moving to 02 and fill out 02 before 03
DO NOT split a transaction between pages Keep the transactions together.
A03 - General ledger Form
Chart of Accounts
110 Cash 310 Mary Jenkins. Capital
120 Accounts Receivable 315 Mary Jenkins, Withdrawals
130 Office Supplies 420 Repair Fees Earned
140 Tools 510 Rent Expense
150 Van 520 Wages Expense
210 Accounts Payable 530 Utilities Expense
230 Bank Loan Payable
Transactions. Complete all transactions in the General Journal forms provided 2025
Oct 1 Mary invested $27.500 into the new business Jenkins Repair Experts
3 Purchased a used van for 512.300 Paid $3.000 down on the purchase and got a bank loan for the rest
4 Purchased office supplies by paying $450 cash
7 Completed several repairs and collected S2 400 from the customers.
9 Purchased $1.250 of tools on credit
11 Completed $3.000 worth of repairs for a customer on account.
15 Purchased $600 of office supplies on account
17 Paid for the tools purchased on the 9th
18 Billed a customer 51.100 for repair services rendered
23 Received the fun payment from the customer for the work that was completed on the 11th
26 Paid the office assistants wages of $375 for three days work
27 Paid the monthly utility bills of $225
28 Mary withdrew $950 from the business for personal living expenses
28 Paid October's rent $1 250.
Remember to use the proper formatting techniques and follow all of the rules.
THERE IS NO TRIAL BALANCE REQUIRED FOR THIS ACTIVITY
IT IS RECOMMEND THAT YOU DO A ROUGH DRAFT TO TEST THAT THE GENERAL LEDGER IS BALANCED