Reliable Movers had the following account balances, in random order, on December 15, 2002 (all accounts have their “normal” balances): Moving fees earned.................. $ 87,200 Cash............................................ $ 2,400 Accounts receivable ................. 5,800 Storage fees earned .................. 19,300 Rent expense ............................. 15,700 Notes receivable........................ 15,000 R. Sprott, Capital ...................... 50,000 Utilities expense........................ 800 Office supplies expense ........... 700 Office supplies .......................... 3,200 Mortgage payable..................... 13,000 Accounts payable ..................... 11,000 Salaries expense........................ 53,700 Office equipment ...................... 4,100 Insurance expense .................... 2,100 Moving equipment................... 77,400 The following events took place during the final days of the year: Dec. 16The accountant discovered that an error had been made in posting an entry to the Moving Fees Earned account. The entry was correctly journalized but $1,200 was accidentally posted as $2,100 in the account. 17 Moved a customer’s goods to Reliable’s rented warehouse for storage. The moving fees were $1,000. Storage fees are $200 per month and are due from the customer in 30 days. 18 Collected a $5,000 note owed to Reliable Movers and collected interest of $600. 21 Purchased storage racks for $4,000. Paid $1,200, provided moving services for $500, and promised to pay the balance in 60 days. 23 Collected $1,000; $750 of this was for moving goods on December 15 (recorded as an accounts receivable at that time) and the balance was for storage fees for the period of December 16 to 23. 24 Reliable Movers paid $6,000 owing on the mortgage. 27 Réal Sprott withdrew $2,000 for personal use. 29 Provided moving services to a lawyer for $800. The lawyer paid Reliable Movers $500 and provided legal work for the balance Page 7|9 Dec. 31 Réal Sprott, the owner of Reliable Movers, sold 1,000 shares he held in Whitehorse Haulage Inc. for $4,000. Required Where appropriate, record each transaction from December 16 to 31 in the journal. Explanations are not required

Reliable Movers had the following account balances, in random order, on December 15, 2002 (all accounts have their “normal” balances):
Moving fees earned.................. $ 87,200 Cash............................................ $ 2,400 Accounts receivable ................. 5,800 Storage fees earned .................. 19,300 Rent expense ............................. 15,700 Notes receivable........................ 15,000 R. Sprott, Capital ...................... 50,000 Utilities expense........................ 800
Office supplies expense ........... 700 Office supplies .......................... 3,200 Mortgage payable..................... 13,000 Accounts payable ..................... 11,000 Salaries expense........................ 53,700 Office equipment ...................... 4,100 Insurance expense .................... 2,100 Moving equipment................... 77,400 The following events took place during the final days of the year:
Dec. 16The accountant discovered that an error had been made in posting an entry to the Moving Fees Earned account. The entry was correctly journalized but $1,200 was accidentally posted as $2,100 in the account.
17 Moved a customer’s goods to Reliable’s rented warehouse for storage. The moving fees were $1,000. Storage fees are $200 per month and are due from the customer in 30 days.
18 Collected a $5,000 note owed to Reliable Movers and collected interest of $600.
21 Purchased storage racks for $4,000. Paid $1,200, provided moving services for $500, and promised to pay the balance in 60 days.
23 Collected $1,000; $750 of this was for moving goods on December 15 (recorded as an accounts receivable at that time) and the balance was for storage fees for the period of December 16 to 23.
24 Reliable Movers paid $6,000 owing on the mortgage. 27 Réal Sprott withdrew $2,000 for personal use.
29 Provided moving services to a lawyer for $800. The lawyer paid Reliable Movers $500 and provided legal work for the balance
Page 7|9

Dec. 31 Réal Sprott, the owner of Reliable Movers, sold 1,000 shares he held in Whitehorse Haulage Inc. for $4,000.
Required Where appropriate, record each transaction from December 16 to 31 in the journal. Explanations are not required