Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
The transactions of the Speedy Delivery Service are recorded in the general journal below. You are to post the journal entries to the accounts in the...
The transactions of the Speedy Delivery Service are recorded in the general journal below. You are to post the journal entries to the accounts in the general ledger. After all entries have been posted, you are to prepare a trial balance on the form provided.
General Journal
______________________________________________________________________________
Date Account Titles and Explanation Debit Credit
______________________________________________________________________________
2017
Sept. 1 Cash 25,000
Common Stock 25,000
(Stockholders invested cash in business)
4 Equipment 60,000
Cash 10,000
Notes Payable 50,000
(Paid cash and issued 2-year, 6%, note for
delivery trucks)
8 Rent Expense 1,000
Cash 1,000
(Paid September rent)
15 Prepaid Insurance 1,400
Cash 1,400
(Paid one-year liability insurance)
18 Cash 4,500
Service Revenue 4,500
(Received cash for delivery services)
20 Salaries and Wages Expense 500
Cash 500
(Paid salaries for current period)
25 Utilities Expense 100
Accounts Payable 100
(Received a bill for September utilities)
30 Dividends 750
Cash 750
(Paid dividends)
30 Accounts Receivable 1,000
Service Revenue 1,000
(Billed customer for delivery service)
General Ledger
Cash
Accounts Receivable
Prepaid Insurance
Equipment
Accounts Payable
Notes Payable
Common Stock
Dividends
Service Revenue
Rent Expense
Salaries and Wages Expense
Utilities Expense
SPEEDY DELIVERY SERVICE
Trial Balance
September 30, 2017
Accounts
Credit
Debit
