Mastering Journal Entries and General Ledger Accounting
School
Mt San Jacinto Community College District**We aren't endorsed by this school
Course
ACCT 124
Subject
Accounting
Date
Dec 9, 2024
Pages
6
Uploaded by GrandBisonMaster1149
Comprehensive Problem 1Name:Ziclaly HerreraSection:Score:26%Key Code:2Answers are entered in the cells with gray backgrounds.Cells with non-gray backgrounds are protected and cannot be edited.An asterisk (*) will appear to the right of an incorrect entry.In the general ledger accounts, only normal balance columns will be graded. For correct grading in the trial balances,work sheet, financial statements, and ledger balance columns, enter a zero in cells you would otherwise leave blank.1. and 2.JOURNALPost.DateDescriptionRef.DebitCredit20Y8May3 Cash114,500 Unearned Fees234,500 5 Cash112,450 Accounts Receivable122,450 9Miscellaneous Expense59225 Cash11225 13Accounts Payable21640 Cash11640 15Accounts Receivable129,180 Fees Earned419,180 16Salary Expense51Salaries Payable22Cash11750 17 Cash118,360 Fees Earned418,360 JOURNALPost.DateDescriptionRef.DebitCredit20Y8May 20 Supplies14735 Accounts Payable21735 21Accounts Receivable124,820 Fees Earned414,820 25 Cash117,900 Fees Earned417,900 27 Cash119,520 Accounts Receivable129,520 28Salary Expense51750 Cash11750 InstructionsPage5Page6
30Miscellaneous Expense59260 Cash11260 31Miscellaneous Expense59810 Cash11810 31 Cash113,300 Fees Earned413,300 31Accounts Receivable122,650 Fees Earned412,650 31 Dividends3310,500 Cash1110,500 2., 6., and 9.GENERAL LEDGERCash11Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√22,100 35913161725272830313131Accounts Receivable12Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√3,400 515212731Supplies14Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√1,350 2031AdjustingPrepaid Rent15Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√3,200
31AdjustingPrepaid Insurance16Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√1,500 31AdjustingOffice Equipment18Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√14,500 Accumulated Depreciation19Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√330 31AdjustingAccounts Payable21Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√800 1320Salaries Payable22Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√120 1631AdjustingUnearned Fees23Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√2,500 331AdjustingCommon Stock31Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√30,000 Retained Earnings32Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May1Balance√12,300
31Closing31ClosingDividends33Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May3131ClosingFees Earned41Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May15172125313131Adjusting31ClosingSalary Expense51Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May162831Adjusting31ClosingRent Expense52Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May31Adjusting31ClosingSupplies Expense53Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May31Adjusting31Closing
Depreciation Expense54Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May31Adjusting31ClosingInsurance Expense55Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May31Adjusting31ClosingMiscellaneous Expense59Post.BalanceDateItemRef.DebitCreditDebitCredit20Y8May9303131Closing