Accounting and Finance Foundations

Unit 6

Accounting and Finance Foundations Unit 6: Journalizing 476

Chapter 16Chapter 6

Journalizing Student Assignment

16.3.1 Completing Subsidiary Ledgers

Page 1

General Journal

Date Account^

Number

Description of Transaction Debit Credit

1 12/01/20YY 110 Cash $12,500.00

2 310 Capital, David Smith $12,500.00

3 Deposit to open business account.

4 12/05/20YY 130 Supplies $995.00

5 210 Accounts Payable $995.00

6 Bought filing cabinets for accounting records.

7 12/07/20YY 130 Supplies $400.00

8 110 Cash $400.00

9 Bought supplies with cash.

10 12/07/20YY 110 Cash $3,000.00

11 410 Revenue, Tree & Lawn Services $3,000.00

12 Received payment for Tree & Lawn Services

removal services.

13 12/09/20YY 120 Accounts Receivable $5,000.00

14 410 Revenue, Tree & Lawn Services $5,000.00

15 Received payment on account for tree

removal services.

16 12/15/20YY 510 Rent Expense $500.00

17 110 Cash $500.00

18 Rent payment for December.

19 12/20/20YY 210 Accounts Payable $1,000.00

20 110 Cash $1,000.00

21 Payable to Advertising Inc. on account.

Name: ____________________________________________________ Date: ______________________

Use the general journal provided below to complete subsidiary ledgers for the business.