Question

Jing Suen owns a service business, which uses the previous accounts. Post all the entries in the general journal. and divided into a general ledger

PAGE 1

GENERAL JOURNAL

	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT
1	Jul. 1	Cash	R1		4,000.00		1
2		Jing Suen, Capital				4,000.00	2
3	8	Prepaid Insurance	C1		600.00		3
4		Cash				600.00	4
5	10	Supplies	M1		180.00		5
6		Accounts Payable-Bayou Supply				180.00	6
7	12	Cash	T12		964.00		7
8		Sales				964.00	8
9	15	Accounts Receivable-M. Kadam	S1		150.00		9
10		Sales				150.00	10
11	19	Advertising Expense	C2		225.00		11
12		Cash				225.00	12
13	20	Accounts Payable-Bayou Supply	C3		120.00		13
14		Cash				120.00	14
15	27	Cash	R2		100.00		15
16		Accounts Receivable-M. Kadam				100.00	16
17	31	Jing Suen, Drawing	C4		800.00		17
18		Cash				800.00	18

Answer 1

Posting of the given journal entries to General Ledger is shown as follows:- (Amounts in $)

Cash

Date	Account Title	Debit	Credit	Balance
July 1	Jing Suen, Capital	4,000.00		4,000.00
July 8	Prepaid Insurance		600.00	3,400.00
July 12	Sales	964.00		4,364.00
July 19	Advertising Expense		225.00	4,139.00
July 20	Accounts Payable-Bayou Supply		120.00	4,019.00
July 27	Accounts Receivable-M. Kadam	100.00		4,119.00
July 31	Jing Suen, Drawing		800.00	3,319.00

Jing Suen, Capital

Date	Account Title	Debit	Credit	Balance
July 1	Cash		4,000.00	4,000.00

Prepaid Insurance

Date	Account Title	Debit	Credit	Balance
July 8	Cash	600.00		600.00

Supplies

Date	Account Title	Debit	Credit	Balance
July 10	Accounts Payable-Bayou Supply	180.00		180.00

Accounts Payable-Bayou Supply

Date	Account Title	Debit	Credit	Balance
July 10	Supplies		180.00	180.00
July 20	Cash	120.00		60.00

Accounts Receivable-M. Kadam

Date	Account Title	Debit	Credit	Balance
July 15	Sales	150.00		150.00
July 27	Cash		100.00	50.00

Sales

Date	Account Title	Debit	Credit	Balance
July 12	Cash		964.00	964.00
July 15	Accounts Receivable-M. Kadam		150.00	1,114.00

Advertising Expense

Date	Account Title	Debit	Credit	Balance
July 19	Cash	225.00		225.00

Jing Suen, Drawing

Date	Account Title	Debit	Credit	Balance
July 31	Cash	800.00		800.00