Post the above entries in the ledger use the balance column

Post the above entries in the ledger (use the balance column format). Opening balances are brought forward from Sep. 1 - 14. (Record the transaction in the ledger below)

Note: This ledger is not in chronological order, so be sure to input all affected accounts.

For each, you will have to follow the steps for copying journal entries to a ledger:

1.Identify account

2.Enter date

3.Enter journal page (exclude this step for Connect, but remember for future test!)

4.Post the amount

5.Enter account balances

6.Enter account number

YYS is in its second month of operations. You have been given the following journal entries regarding its September 2016 transactions from the 15th to the end of month:

GENERAL JOURNAL Page 2 Date Account l itles and Explanation PR Debit Credit 15 Derek Deadpan, Withdrawals 3300 3300 Cash Owner withdrew cash for personal use 18 Accounts Receivable 575 Consulting Fees Earned fees on account for Niagara Sports Business 575 21 Accounts Payable Notes Payable Cash 920 1300 2220 Paid for the supplies and equipment purchased on Sep. 11 27 Cash 575 Accounts Receivable Received payment for work completed on Sep. 18 575 28 Wages Expense 5000 Cash 5000 Paid employee at the end of the month

Solution

Post the above entries in the ledger (use the balance column format) Cash ledger date Explanation PR Debit Credit balance Sep15-2016 owner withdrwal 3300 -3300 Sep 21-2016 Accounts payables 920 -4220 Note payable 1300 -5520 sep27-2016 Accouts receivables 575 -4945 Sep 28-2016 Wages paid 5000 -9945 Derek Deadpan, withdrawals date Explanation PR Debit Credit balance Sep15-2016 cash Withdrawal 3300 3300 Accounts receivables date Explanation PR Debit Credit balance Sep 18-2016 Consulting fee 575 575 Sep27-2016 cash received 575 0 consulting fee date Explanation PR Debit Credit balance Sep 18-2016 consulting fee receivables 575 575 Accounts payable date Explanation PR Debit Credit balance Sep 21-2016 Supplies Purchased 920 -920 Note payables date Explanation PR Debit Credit balance Sep 21-2016 Note paybles 1300 -1300 Wages Expenses date Explanation PR Debit Credit balance sep28-2016 cash paid for employees 5000 5000