Journalize the November transactions from Week 2 (also listed again below) and the December transactions listed below.
Post the journal transactions to the general ledger
Comprehensive Chart of Accounts:
111 Accounts Receivable
137 Prepaid Rent
141 Computer Equipment
143 Office Furniture
201 Accounts Payable
301 J. Jones, Capital
302 J. Jones, Drawing
401 Fees Income
511 Rent Expense
514 Utilities Expense
521 Salaries Expense
November Business Transactions:
3rd: J. Jones visits her local bank and withdraws $50,000 from her personal savings account, depositing the cash into a new bank account in the name of the business, Smith Consultants.
5th: Jones Consultants issues check 1001 for $2,000 to purchase computer equipment from Digital Warehouse, Inc.
6th: Jones Consultants issues check 1002 to Property, Inc. to pay the current month’s rent due of $1,000 as well as prepay rent (at $1,000 per month) for the months of December and January.
10th: Jones Consultants issues check 1003 to purchase office furniture in the amount of $3,500 from Furniture Depot.
11th: Jones Consultants purchases $4,000 of computer equipment from Elite Computing on account due in 90 days. Elite Computing issues invoice 7964.
14th: Jones Consultants performs services to cash clients for $1,200.
17th: Jones Consultants performs services to charge account client, Speedy Freight, in the amount of $3,000. Invoice 101 is issued and is receivable in 30 days.
19th: Jones Consultants issues check 1004 to State Power Company for the November utility bill in the amount of $500.
20th: Jones Consultants performs services to cash clients for $6,000.
25th: Jones Consultants issues J. Jones check 1005 as a draw for her personal use in the amount of $4,000.
December Business Transactions:
10th: Jones Consultants purchases $3,000 of computer equipment from Elite Computing. They issue check 1007 for $1,000 with the balance due in 90 days on invoice 8009.
15th: Jones Consultants performs services for charge account client, Speedy Freight, issuing invoice 102 for $2,500.
16th: Jones Consultants receives a check from Speedy Freight for payment of invoice 101 from November for $1,000.
18th: Jones Consultants issues check 1008 for $1,500 to Elite Computing to pay invoice 7964.
20th: Jones Consultants issues check 1010 to pay salaries of $2,000 for December.
Plagiarism Free Papers
All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.
All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.
A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.
Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.
Originality & Security
At thehomeworkwritings.com, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.
24/7 Customer Support
Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
We work around the clock to see best customer experience.
Our prices are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.
Admission help & Client-Writer Contact
When you need to elaborate something further to your writer, we provide that button.
We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.
Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.