The Recording Process

The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first month of operations.

Prepare the complete general journal (including explanations) from which postings to Cash were made.
Prepare a trial balance at April 30, 2018.

Presented below is the ledger for Shumway Co.

Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2020.

Selected transactions for Dianne Burke Company during its first month in business are presented below.

Sept. 1	Invested $10,000 cash in the business.
5	Purchased equipment for $12,000 paying $4,000 in cash and the balance on account.
25	Paid $3,000 cash on balance owed for equipment.
30	Withdrew $700 cash for personal use.

Burke's chart of accounts shows: No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Owner's Drawings.

The bookkeeper for J.L. Kang Equipment Repair made a number of errors in journalizing and posting, as described below.

A credit posting of $525 to Accounts Receivable was omitted
A debit posting of $750 for Prepaid Insurance was debited to Insurance Expense
A collection from a customer of $100 in payment of its account owed was journalizing and posted as a debit to Cash $100 and a credit to Service Revenue $100.
A credit posting of $415 to Property Taxes Payable was made twice.
A cash purchase of supplies for $250 was journalized and posted as a debit to Supplies $25 and a cr3edit to Cash $25.
A debit of $625 to Advertising Expense was posted as $652.

For each error:

Consider each error separately. Use the following form, in which error (1) is given as an example.

	(a)	(b)	(c)
Error (1)	In Balance No	Difference $525	Larger Column debit

The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2019

Accounts Receivable	$7,642	Prepaid Insurance	$1,968
Accounts Payable	8,396	Maintenance and Repairs Expense	961
Cash	?	Service Revenue	10,610
Equipment	49,360	Owner's Drawings	700
Gasoline Expense	758	Owner's Capital	42,000
Utilities Expense	523	Salaries and Wages Expense	4,428
Notes Payable	17,000	Salaries and Wages Payable	815

Prepare a trial balance with the accounts and fill in the missing amount for Cash.

Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows:

Jan. 2	Invested $10,000 cash in the business
3	Purchased used car for $3,000 cash for use in business.
9	Purchased supplies on account for $500.
11	Billed customers $2,400 for services performed.
16	Paid $350 cash for advertising.
20	Received $700 cash from customers billed on January 11
23	Paid creditor $300 cash on balance owed.
28	Withdrew $1,000 cash for personal use by owner.

Journalize the transactions using journal page J1. (You may omit explanations.)

Transaction data for Sanculi Real Estate Agency are presented as follows:

Oct. 1	Alan Sanculi begins business as a real estate agent with a cash investment of $15,000
2	Hires an administrative assistant.
3	Purchases office furniture for $1,900, on account.
6	Sells a house and lot for R. Craig; bills R. Craig $3,800 for realty services performed.
27	Pays $1,100 on the balance related to the transaction of October 3.
30	Pays the administrative assistant $2,500 in salary for October.

Journalize the transactions. (You may omit explanations.)

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