Journalize the transactions and posting

Reference no: EM1312478

Journalize the Transactions and Posting them into ledger and Preparation of Trial Balance.

Judi Dench is a licensed architect. During the first month of the operation of her company, Judi Dench, Inc. the following events and transactions occurred.

Apr 1	Stockholders invested cash in the business in exchange for common stock.	$25,000
Apr 1	Hired a secretary-receptionist at a salary of	$300 per week payable monthly.
Apr 2	Paid office rent for the month	$800
Apr 3	Purchased architectural supplies on account from Halo Company	$1,500
Apr10	Completed blueprints on a carport and billed the client for services	$900
Apr11	Received cash advance from R. Welk for the design of a new home.	$500
Apr20	Received cash for services completed and delivered to P. Donahue.	$1,500
Apr30	Paid secretary-receptionist for the month	$1,500
Apr30	Paid Halo Company for accounts payable due	$600

Judi uses the following chart of accounts:

101	Cash
311	Common Stock
112	Accounts Receivable
400	Service Revenue
126	Supplies
726	Salary Expense
201	Accounts Payable
729	Rent Expense
205	Unearned Revenue

Instructions:

(a) Journalize the transactions.

Date	Accounts / Text/Memorandum	Ref	Debit	Credit
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Accounts / Text/Memorandum	Ref	Debit	Credit
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum
Date	Account	Ref	Amount
	Account	Ref		Amount
	Text / Memorandum

(b) Post to the ledger accounts. (Use J1 as the journal page number.)

Account:	Cash				Acct Nbr:	101
Date:	Explanation		Ref	Debit	Credit	Balance



Account:	Accounts Receivable				Acct Nbr:	112
Date:	Explanation		Ref	Debit	Credit	Balance


Account:	Supplies				Acct Nbr:	126
Date:	Explanation		Ref	Debit	Credit	Balance


Account:	Accounts Payable				Acct Nbr:	201
Date:	Explanation		Ref	Debit	Credit	Balance


Account:	Unearned Revenue				Acct Nbr:	205
Date:	Explanation		Ref	Debit	Credit	Balance


Account:	Common Stock				Acct Nbr:	311
Date:	Explanation		Ref	Debit	Credit	Balance


Account:	Service Revenue				Acct Nbr:	400
Date:	Explanation		Ref	Debit	Credit	Balance


Account:	Salary Expense				Acct Nbr:	726
Date:	Explanation		Ref	Debit	Credit	Balance


Account:	Rent Expense	Acct Nbr:	729
Date:	Explanation		Ref	Debit	Credit	Balance

JUDI DENCH, INC Trial Balance April 30, 2006
	Debit	Credit
Account
Account
Account
Account
Account
Account
Account
Account
Account
	Formula	Formula

Reference no: EM1312478

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