4-M Mastery Problem: Journalizing transactions and posting to a general ledger Lo3,4,5 Brian Ford owns a service business called Ford Lawn and Garden. Ford Lawn and Garden's general ledger counts are...

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4-M Mastery Problem: Journalizing transactions and posting to a general ledger Lo3,4,5<br>Brian Ford owns a service business called Ford Lawn and Garden. Ford Lawn and Garden's general ledger<br>counts are given in the Working Papers<br>Transactions:<br>Feb.<br>Received cash from owner as an investment, $11,000.00, R1.<br>anolbuond<br>3. Paid cash for supplies, $800.00. C1.<br>5. Received cash from sales, $1,800.00. T5.<br>6 Sold services on account to Clara Walthers, $560.00. S1.<br>9. Paid cash for rent, $1,200.00. C2.<br>11. Paid cash for miscellaneous expense, $100.00. C3.<br>13. Bought supplies on account from Corner Supplies, $480.00. M1.<br>13. Received cash from sales, $860.00. T13.<br>16. Paid cash for advertising, $286.00. C4.<br>18. Paid cash on account to Corner Supplies, $280.00. C5.<br>20. Paid cash for electric bill, $460.00. C6.<br>0 Received cash on account from Clara Walthers, $300.00. R2. bs<br>25. Paid cash for supplies, $300.00. C7.<br>27. Paid cash for supplies, $160.00. C8.<br>27. Received cash from sales, $4,200.00. T27.<br>28. Paid cash to owner for personal use, $1,000.00. C9.<br>28. Received cash from sales, $220.00. T28.<br>opbol o le l mo<br>nsled vo<br>dooA vits<br>Instructions:<br>Onen an account for Utilities Expense. Use the 3-digit numbering system described in the chapter.<br>, lournalize the transactions completed during February of the current year. Use page 1 of a journal. Source<br>incuments are abbreviated as follows: check, C; memorandum, M; receipt, R; sales invoice, S; calculator tape, I.<br>, Post from the general journal to the general ledger.<br>Prove cash. The balance on the next unused check stub is $13,794.00.<br>OR<br>Sage 50 Accountina<br>

Extracted text: 4-M Mastery Problem: Journalizing transactions and posting to a general ledger Lo3,4,5 Brian Ford owns a service business called Ford Lawn and Garden. Ford Lawn and Garden's general ledger counts are given in the Working Papers Transactions: Feb. Received cash from owner as an investment, $11,000.00, R1. anolbuond 3. Paid cash for supplies, $800.00. C1. 5. Received cash from sales, $1,800.00. T5. 6 Sold services on account to Clara Walthers, $560.00. S1. 9. Paid cash for rent, $1,200.00. C2. 11. Paid cash for miscellaneous expense, $100.00. C3. 13. Bought supplies on account from Corner Supplies, $480.00. M1. 13. Received cash from sales, $860.00. T13. 16. Paid cash for advertising, $286.00. C4. 18. Paid cash on account to Corner Supplies, $280.00. C5. 20. Paid cash for electric bill, $460.00. C6. 0 Received cash on account from Clara Walthers, $300.00. R2. bs 25. Paid cash for supplies, $300.00. C7. 27. Paid cash for supplies, $160.00. C8. 27. Received cash from sales, $4,200.00. T27. 28. Paid cash to owner for personal use, $1,000.00. C9. 28. Received cash from sales, $220.00. T28. opbol o le l mo nsled vo dooA vits Instructions: Onen an account for Utilities Expense. Use the 3-digit numbering system described in the chapter. , lournalize the transactions completed during February of the current year. Use page 1 of a journal. Source incuments are abbreviated as follows: check, C; memorandum, M; receipt, R; sales invoice, S; calculator tape, I. , Post from the general journal to the general ledger. Prove cash. The balance on the next unused check stub is $13,794.00. OR Sage 50 Accountina
4-M MASTERY PROBLEM (concluded)<br>GENERAL LEDGER<br>510<br>ACCOUNT NO.<br>ACCOUNT Advertising Expense<br>BALANCE<br>POST.<br>DEBIT<br>CREDIT<br>DATE<br>ITEM<br>REF.<br>DEBIT<br>CREDIT<br>ACCOUNT Miscellaneous Expense<br>ACCOUNT NO, 520<br>BALANCE<br>POST.<br>REF.<br>DATE<br>ITEM<br>DEBIT<br>CREDIT<br>DEBIT<br>CREDIT<br>ACCOUNT Rent Expense<br>ACCOUNT NO. 530<br>POST.<br>REF.<br>DATE<br>ITEM<br>BALANCE<br>DEBIT<br>CREDIT<br>DEBIT<br>CREDIT<br>ACCOUNT<br>ACCOUNT NO.<br>DATE<br>ITEM<br>POST.<br>REF.<br>DEBIT<br>BALANCE<br>CREDIT<br>DEBIT<br>CREDIT<br>Chapter 4 Posting to a General Ledger • 77<br>A014 Cengage Learning, All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.<br>

Extracted text: 4-M MASTERY PROBLEM (concluded) GENERAL LEDGER 510 ACCOUNT NO. ACCOUNT Advertising Expense BALANCE POST. DEBIT CREDIT DATE ITEM REF. DEBIT CREDIT ACCOUNT Miscellaneous Expense ACCOUNT NO, 520 BALANCE POST. REF. DATE ITEM DEBIT CREDIT DEBIT CREDIT ACCOUNT Rent Expense ACCOUNT NO. 530 POST. REF. DATE ITEM BALANCE DEBIT CREDIT DEBIT CREDIT ACCOUNT ACCOUNT NO. DATE ITEM POST. REF. DEBIT BALANCE CREDIT DEBIT CREDIT Chapter 4 Posting to a General Ledger • 77 A014 Cengage Learning, All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Jun 11, 2022
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