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making journal and ledger
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Syarat penyelesaian
On October 1, 2018, Elisabeth established an interior decorating business, Ultimate Designs. During the month, Elisabeth completed the following transactions related to the business :
Oct. | 1. | Elisabeth transferred cash from a personal bank account to an account to be used for the business, Rp. 20.000.000. |
| 3. | Paid rent for period of October 3 to end of month, Rp. 1.600.000. |
| 10. | Purchased a truck for Rp. 15.000.000 paying Rp. 5.000.000 cash and giving a note payable for the remainder. |
| 13. | Purchased equipment on account, Rp. 4.500.000. |
| 14. | Purchased supplies for cash, Rp. 1.100.000. |
| 15. | Paid annual premiums on property and casualty and casualty insurance, Rp. 2.800.000. |
| 15. | Received cash for job completed, Rp. 6.100.000. |
| 21. | Paid creditor a portion of the amount owed for equipment purchased on October 13 Rp. 2.400.000. |
| 24. | Recorded jobs completed on account and sent invoices to customers, Rp. 8.600.000. |
| 26. | Received an invoice for truck expenses, to be paid in November, Rp. 875.000. |
| 27. | Paid utilities expenses, Rp. 900.000. |
| 27. | Paid miscellaneous expenses, Rp. 315.000. |
| 29. | Received cash from customers on account, Rp. 4.100.000. |
| 30. | Paid wages of employees, Rp. 2.500.000. |
| 31. | Withdrew cash for personal use Rp. 3.000.000. |
Instructions
1. Journalize each transaction in a two-column journal, referring to the following chart of accounts in selecting the accounts to be debited an credited. Journal entry explanations may be omitted.
11 Cash 31 Elisabeth, Capital
12 Accounts Receivable 32 Elisabeth, Drawing
13 Supplies 41 Fees Earned
14 Prepaid Insurance 51 Wages Expense
16 Equipment 53 Rent Expense
18 Truck 54 Utilities Expense
21 Notes Payable 55 Truck Expense
22 Accounts Payable 59 Miscellaneous Expense
2. Post the journal to a ledger of four-column accounts, inserting appropriate posting references as each item is posted. Extend the appropriate balance columns after each transaction is posted.
3. Prepare an unadjusted trial balance for Ultimate Designs as of October 31, 2018.