Question

Brian Ford owns a service business called Ford Lawn and Garden. Ford Lawn and Garden’s general...

Brian Ford owns a service business called Ford Lawn and Garden. Ford Lawn and Garden’s general ledger accounts are given in the Question Assets (see the COA tab). Journalize the transactions completed during February of the current year. Use page 1 of the journal. Source documents are abbreviated as follows: check, C; memorandum, M; receipt, R; sales invoice, S; calculator tape, T.

also create a general ledger

Feb. 1 Received cash from owner as an investment, $13,000.00. R1.
3 Paid cash for supplies, $805.00. C1.
5 Received cash from sales, $1,850.00. T5.
6 Sold services on account to Clara Walthers, $570.00. S1.
9 Paid cash for rent, $1,300.00. C2.
11 Paid cash for miscellaneous expense, $115.00. C3.
13 Bought supplies on account from Corner Supplies, $484.00. M1.
13 Received cash from sales, 880.00. T13.
16 Paid cash for advertising, $288.00. C4.
18 Paid cash on account to Corner Supplies, $290.00. C5.
20 Paid cash for electric bill, $470.00. C6.
20 Received cash on account from Clara Walthers, $310.00. R2.
25 Paid cash for supplies, $324.00. C7.
27 Paid cash for supplies, $166.00. C8.
27 Received cash from sales, $4,400.00. T27.
28 Paid cash to owner for a withdrawal of equity, $1,150.00. C9.
28 Received cash from sales, $229.00. T28.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions...
Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2019. Santana Rey decided to add a fourth digit with a...
[The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October...
[The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2017. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2017. Santana Rey decided to add a fourth digit with a decimal point...
6 Required information Serial Problem Business Solutions LO P1, P2, P3, P4 [The following information applies...
6 Required information Serial Problem Business Solutions LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2019....
1.An obligation of a business that represents the claims of others against the assets of he...
1.An obligation of a business that represents the claims of others against the assets of he business is called a(n) * A.asset B.liability C.expense D.revenue E.equity 2.The general journal provides a place for recording * A.the amount of each debit and credit B.an explanation of the transaction C.the transaction date D.the names of the accounts involved E.All of these 3.An exchange of economic consideration between two parties that causes a change in assets, liabilities or equity is called * A.prepaid...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT