George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations, the firm had the following transactions. Apr. 1 George Smyth invested $30,000 cash in the business. 2 Paid rent for April, $2,100. 8 Bought equipment for $12,000 and issued a check for $3,000 as a down payment. 12 Performed services for $3,200 in cash, and $1,200 on credit. 19 Paid electric bill, $225. 25 Received $900 on account from credit customers. Required: Record these transactions on page 1 of the general journal. Omit explanations. If an amount box does not require, leave it blank. Page: 1   DATE DESCRIPTION POST. REF. DEBIT CREDIT   1 Apr. 1 Cash  101 fill in the blank f9fb70ff9f95044_2 fill in the blank f9fb70ff9f95044_3 1 2   George Smyth, Capital  311 fill in the blank f9fb70ff9f95044_5 fill in the blank f9fb70ff9f95044_6 2 3 Apr. 2 Rent Expense  521 fill in the blank f9fb70ff9f95044_8 fill in the blank f9fb70ff9f95044_9 3 4   Cash  101 fill in the blank f9fb70ff9f95044_11 fill in the blank f9fb70ff9f95044_12 4 5 Apr. 8 Equipment  181 fill in the blank f9fb70ff9f95044_14 fill in the blank f9fb70ff9f95044_15 5 6   Cash  101 fill in the blank f9fb70ff9f95044_17 fill in the blank f9fb70ff9f95044_18 6 7   Accounts Payable  202 fill in the blank f9fb70ff9f95044_20 fill in the blank f9fb70ff9f95044_21 7 8 Apr. 12 Cash  101 fill in the blank f9fb70ff9f95044_23 fill in the blank f9fb70ff9f95044_24 8 9   Accounts Receivable  122 fill in the blank f9fb70ff9f95044_26 fill in the blank f9fb70ff9f95044_27 9 10   Service Fees  401 fill in the blank f9fb70ff9f95044_29 fill in the blank f9fb70ff9f95044_30 10 11 Apr. 19 Accounts Payable  533 fill in the blank f9fb70ff9f95044_32 fill in the blank f9fb70ff9f95044_33 11 12   Electricity Expense  101 fill in the blank f9fb70ff9f95044_35 fill in the blank f9fb70ff9f95044_36 12 13 Apr. 25   101 fill in the blank f9fb70ff9f95044_38 fill in the blank f9fb70ff9f95044_39 13 14     122 fill in the blank f9fb70ff9f95044_41 fill in the blank f9fb70ff9f95044_42 14 Post appropriate transactions to the general ledger. If an amount box does not require, leave it blank. GENERAL LEDGER Account: Cash   Account No. 101           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 1   J1 fill in the blank bc650702506b053_1 fill in the blank bc650702506b053_2 fill in the blank bc650702506b053_3 fill in the blank bc650702506b053_4 2   J1 fill in the blank bc650702506b053_5 fill in the blank bc650702506b053_6 fill in the blank bc650702506b053_7 fill in the blank bc650702506b053_8 8   J1 fill in the blank bc650702506b053_9 fill in the blank bc650702506b053_10 fill in the blank bc650702506b053_11 fill in the blank bc650702506b053_12 12   J1 fill in the blank bc650702506b053_13 fill in the blank bc650702506b053_14 fill in the blank bc650702506b053_15 fill in the blank bc650702506b053_16 19   J1 fill in the blank bc650702506b053_17 fill in the blank bc650702506b053_18 fill in the blank bc650702506b053_19 fill in the blank bc650702506b053_20 25   J1 fill in the blank bc650702506b053_21 fill in the blank bc650702506b053_22 fill in the blank bc650702506b053_23 fill in the blank bc650702506b053_24 Account: Accounts Receivable   Account No. 122           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 12   J1 fill in the blank bc650702506b053_25 fill in the blank bc650702506b053_26 fill in the blank bc650702506b053_27 fill in the blank bc650702506b053_28 25   J1 fill in the blank bc650702506b053_29 fill in the blank bc650702506b053_30 fill in the blank bc650702506b053_31 fill in the blank bc650702506b053_32 Account: Equipment   Account No. 181           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 8   J1 fill in the blank bc650702506b053_33 fill in the blank bc650702506b053_34 fill in the blank bc650702506b053_35 fill in the blank bc650702506b053_36 Account: Accounts Payable   Account No. 202           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 8   J1 fill in the blank bc650702506b053_37 fill in the blank bc650702506b053_38 fill in the blank bc650702506b053_39 fill in the blank bc650702506b053_40 Account: George Smyth, Capital   Account No. 311           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 1   J1 fill in the blank bc650702506b053_41 fill in the blank bc650702506b053_42 fill in the blank bc650702506b053_43 fill in the blank bc650702506b053_44 Account: Service Fees   Account No. 401           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 12   J1 fill in the blank bc650702506b053_45 fill in the blank bc650702506b053_46 fill in the blank bc650702506b053_47 fill in the blank bc650702506b053_48 Account: Rent Expense   Account No. 521           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 2   J1 fill in the blank bc650702506b053_49 fill in the blank bc650702506b053_50 fill in the blank bc650702506b053_51 fill in the blank bc650702506b053_52 Account: Electricity Expense   Account No. 533           Balance Date Item Post Ref. Debit Credit Debit Credit Apr. 19   J1 fill in the blank bc650702506b053_53 fill in the blank bc650702506b053_54 fill in the blank bc650702506b053_55 fill in the blank

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations, the firm had the following transactions.

Apr. 1 George Smyth invested $30,000 cash in the business.
2 Paid rent for April, $2,100.
8 Bought equipment for $12,000 and issued a check for $3,000 as a down payment.
12 Performed services for $3,200 in cash, and $1,200 on credit.
19 Paid electric bill, $225.
25 Received $900 on account from credit customers.

Required:

Record these transactions on page 1 of the general journal. Omit explanations. If an amount box does not require, leave it blank.

Page: 1
  DATE DESCRIPTION POST.
REF.
DEBIT CREDIT  
1 Apr. 1 Cash  101 fill in the blank f9fb70ff9f95044_2 fill in the blank f9fb70ff9f95044_3 1
2   George Smyth, Capital  311 fill in the blank f9fb70ff9f95044_5 fill in the blank f9fb70ff9f95044_6 2
3 Apr. 2 Rent Expense  521 fill in the blank f9fb70ff9f95044_8 fill in the blank f9fb70ff9f95044_9 3
4   Cash  101 fill in the blank f9fb70ff9f95044_11 fill in the blank f9fb70ff9f95044_12 4
5 Apr. 8 Equipment  181 fill in the blank f9fb70ff9f95044_14 fill in the blank f9fb70ff9f95044_15 5
6   Cash  101 fill in the blank f9fb70ff9f95044_17 fill in the blank f9fb70ff9f95044_18 6
7   Accounts Payable  202 fill in the blank f9fb70ff9f95044_20 fill in the blank f9fb70ff9f95044_21 7
8 Apr. 12 Cash  101 fill in the blank f9fb70ff9f95044_23 fill in the blank f9fb70ff9f95044_24 8
9   Accounts Receivable  122 fill in the blank f9fb70ff9f95044_26 fill in the blank f9fb70ff9f95044_27 9
10   Service Fees  401 fill in the blank f9fb70ff9f95044_29 fill in the blank f9fb70ff9f95044_30 10
11 Apr. 19 Accounts Payable  533 fill in the blank f9fb70ff9f95044_32 fill in the blank f9fb70ff9f95044_33 11
12   Electricity Expense  101 fill in the blank f9fb70ff9f95044_35 fill in the blank f9fb70ff9f95044_36 12
13 Apr. 25   101 fill in the blank f9fb70ff9f95044_38 fill in the blank f9fb70ff9f95044_39 13
14     122 fill in the blank f9fb70ff9f95044_41 fill in the blank f9fb70ff9f95044_42 14

Post appropriate transactions to the general ledger. If an amount box does not require, leave it blank.

GENERAL LEDGER
Account: Cash   Account No. 101
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 1   J1 fill in the blank bc650702506b053_1 fill in the blank bc650702506b053_2 fill in the blank bc650702506b053_3 fill in the blank bc650702506b053_4
2   J1 fill in the blank bc650702506b053_5 fill in the blank bc650702506b053_6 fill in the blank bc650702506b053_7 fill in the blank bc650702506b053_8
8   J1 fill in the blank bc650702506b053_9 fill in the blank bc650702506b053_10 fill in the blank bc650702506b053_11 fill in the blank bc650702506b053_12
12   J1 fill in the blank bc650702506b053_13 fill in the blank bc650702506b053_14 fill in the blank bc650702506b053_15 fill in the blank bc650702506b053_16
19   J1 fill in the blank bc650702506b053_17 fill in the blank bc650702506b053_18 fill in the blank bc650702506b053_19 fill in the blank bc650702506b053_20
25   J1 fill in the blank bc650702506b053_21 fill in the blank bc650702506b053_22 fill in the blank bc650702506b053_23 fill in the blank bc650702506b053_24

Account: Accounts Receivable   Account No. 122
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 12   J1 fill in the blank bc650702506b053_25 fill in the blank bc650702506b053_26 fill in the blank bc650702506b053_27 fill in the blank bc650702506b053_28
25   J1 fill in the blank bc650702506b053_29 fill in the blank bc650702506b053_30 fill in the blank bc650702506b053_31 fill in the blank bc650702506b053_32

Account: Equipment   Account No. 181
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 8   J1 fill in the blank bc650702506b053_33 fill in the blank bc650702506b053_34 fill in the blank bc650702506b053_35 fill in the blank bc650702506b053_36

Account: Accounts Payable   Account No. 202
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 8   J1 fill in the blank bc650702506b053_37 fill in the blank bc650702506b053_38 fill in the blank bc650702506b053_39 fill in the blank bc650702506b053_40

Account: George Smyth, Capital   Account No. 311
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 1   J1 fill in the blank bc650702506b053_41 fill in the blank bc650702506b053_42 fill in the blank bc650702506b053_43 fill in the blank bc650702506b053_44

Account: Service Fees   Account No. 401
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 12   J1 fill in the blank bc650702506b053_45 fill in the blank bc650702506b053_46 fill in the blank bc650702506b053_47 fill in the blank bc650702506b053_48

Account: Rent Expense   Account No. 521
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 2   J1 fill in the blank bc650702506b053_49 fill in the blank bc650702506b053_50 fill in the blank bc650702506b053_51 fill in the blank bc650702506b053_52
Account: Electricity Expense   Account No. 533
          Balance
Date Item Post Ref. Debit Credit Debit Credit
Apr. 19   J1 fill in the blank bc650702506b053_53 fill in the blank bc650702506b053_54 fill in the blank bc650702506b053_55 fill in the blank bc650702506b053_56
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