college accounting Jeffrey slater kindle edition Page 273 us

Page 273 use information from Note 17 page 68 to calculate how much Advertising Expense has increased from 2012 to 2013. MyAc ON During the month of November, the following transactions occurred. Assignment THE JOB SMITH COMPUTER CENTER Record the following transactions in the general journal and post them to the general ledger 1. 2. Prepare a trial balance as of November 30, 201x Assume the following transactions: Nov.1 Billed Worldwide Professionals $7,400, invoice no. 12676, for services rendered. 3 Billed All Star Sports, Inc. $4,400, invoice no. 12677, for services rendered 5 Purchased new shop benches for $1,800 on account from Quality Office Furniture. 9 Received the phone bill, $170. 12 Collected $725 of the amount due from Phits Photography. 18 Collected $900 of the amount due from Phit\'s Photography. 20 Purchased a fax machine for the office from A-Tech, Inc., on credit, $550.00.

Solution

Answer 1. Journal Entry Date Particulars Dr. Amt. Cr. Amt. 1-Nov Accounts Receivable    7,400.00 Service Revenue    7,400.00 (record the amount billed to Worldwide Professionals wide Invoice No. 12676) 3-Nov Accounts Receivable    4,400.00 Service Revenue    4,400.00 (record the amount billed to All Star Sports wide Invoice No. 12677) 5-Nov Furniture             1,800.00 Accounts Payable    1,800.00 (Record the purchase of benches from Quality Office Furniture) 9-Nov Telephone Expenses       170.00 Accounts Payable       170.00 (record the telephone expenses) 12-Nov Cash       725.00 Accounts Receivable       725.00 (record the cash collected from Phil\'s Photography) 18-Nov Cash       900.00 Accounts Receivable       900.00 (record the cash collected from Phil\'s Photography) 20-Nov Fax- Machine       550.00 Accounts Payable       550.00 (Record the purchase of Fax MAchine from A-Tech Inc) Cash Accounts Receivable Furniture Beg. Bal.                     -   Beg. Bal.                     -            725.00 12-Nov Beg. Bal.                   -   12-Nov            725.00 1-Nov        7,400.00          900.00 18-Nov 5-Nov      1,800.00 18-Nov            900.00 3-Nov        4,400.00 End. Bal.        1,625.00 End. Bal.      10,175.00 End. Bal.      1,800.00 Fax Machine Telephone Expenses Beg. Bal.                     -   Beg. Bal.                     -   20-Nov            550.00 9-Nov            170.00 End. Bal.            550.00 End. Bal.            170.00 Accounts Payable Service Revenue Beg. Bal.                     -   Beg. Bal.                   -          1,800.00 5-Nov      7,400.00 1-Nov            170.00 9-Nov      4,400.00 3-Nov            550.00 20-Nov End. Bal.        2,520.00 End. Bal.    11,800.00 Trial Balance Accounts Title Debits Credits Cash        1,625.00 Accounts Receivable      10,175.00 Furniture        1,800.00 Fax Machine            550.00 Accounts Payable        2,520.00 Service Revenue      11,800.00 Telephone Expenses            170.00                     -   Total      14,320.00      14,320.00