General Ledger Help!!
All journal entries must ultimately be posted into the General ledger.
All entries (including general journal entries, adjusting entries, and closing entries) must be entered in the General Ledger
Image transcription text
Chart of Accounts Number Account Assets 100 Cash 110 Accounts receivable 115
Food Inventory 125 Supplies 130 Prepaid rent 135 Prepaid insurance 140 Delivery Van
150 Equipment and Fixtures 155 Accumulated depreciation 160 Security … Show more
Food Inventory 125 Supplies 130 Prepaid rent 135 Prepaid insurance 140 Delivery Van
150 Equipment and Fixtures 155 Accumulated depreciation 160 Security … Show more
Image transcription text
Accounting Transactions for the Month of June 2021 Date Description June 2, 2021 Paid June rent in the
amount of $1,000. June 2, 2021 Paid $750 for six-months auto insurance policy beginning June 1. June 5,
2021 Food purchases in the amount of $1,200 paid in cash. June 6, 2021 The business purc… Show more
amount of $1,000. June 2, 2021 Paid $750 for six-months auto insurance policy beginning June 1. June 5,
2021 Food purchases in the amount of $1,200 paid in cash. June 6, 2021 The business purc… Show more
Image transcription text
10. Note the following additional information: 1. The business began on July 1, 2020. 2. The period under
consideration is July 1, 2020 – June 30, 2021. 3. For the purposes of this assignment, ignore the effects of
cost of goods sold, income tax, property tax, sales tax, and payroll tax. 4. Straight-line depre… Show more
consideration is July 1, 2020 – June 30, 2021. 3. For the purposes of this assignment, ignore the effects of
cost of goods sold, income tax, property tax, sales tax, and payroll tax. 4. Straight-line depre… Show more
General Ledger
Image transcription text
General Ledger 2021 Cash Account No. 100 Prepaid rent Account No. 130 Security deposit Account No.
160 Debit Debit Debit Date Explanation PR Debit Credit Balance Date Explanation PR Debit Credit
Balance Date Explanation PR Debit Credit Balance June 1 Beginning balance 18,884.23 June… Show more
160 Debit Debit Debit Date Explanation PR Debit Credit Balance Date Explanation PR Debit Credit
Balance Date Explanation PR Debit Credit Balance June 1 Beginning balance 18,884.23 June… Show more
Image transcription text
Account No. 300 Insurance expense Common stock Salaries expense Account No. 610 Account No. 660
Credit Debit Debit Date Explanation PR Debit Credit Balance Explanation PR Debit Credit Balance Date
Explanati PR Debit Credit Balance June 1 Beginning balance 30,000.00 June 1 Beginning ba… Show more
Credit Debit Debit Date Explanation PR Debit Credit Balance Explanation PR Debit Credit Balance Date
Explanati PR Debit Credit Balance June 1 Beginning balance 30,000.00 June 1 Beginning ba… Show more
Image transcription text
Utilities expense Account No. 685 Debit Date Explanation PR Debit Credit Balance June 1 Beginning
balance 2, 135.00 Uniform expense Account No. 690 Debit Date Explanation PR Debit Credit Balance
June 1 Beginning balance 900.00 Cleaning & maintenance expense Account No. 6… Show more
balance 2, 135.00 Uniform expense Account No. 690 Debit Date Explanation PR Debit Credit Balance
June 1 Beginning balance 900.00 Cleaning & maintenance expense Account No. 6… Show more
