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Journalizing Transactions regarding the transactions and arc the his for the The business fo oumal estries. Open iournal eatries. Open Booklet 3 and tollow the instructions contained in it. joursalizing the transactions Note: Pos Using the besiness Sorms and ior the marratlive, begin journalining the to the subsidiary ledgers) Posting to the General Ledger I. Tetal each colamn of the various special journals. Ensure that total debits 2 Post all nems that need to be posted individually to the general ledecr. The equal total credits in each general ledgor acco balkaces do nok aced to be deternined until the postin your posting references g is complesed. Use the printed page numbers in totals in the special journals to their respective accounts in the general the balance of each account. The cash balance on Apnil 30 should be $146,131.01. Detennine Month-End Processing Marty Chavez, coesiders each month to be a separate fiscal period, you must now Since the peoprietor, complete moeth-end processing Ruled forms are provided for the trial balasce, schedules, and financial statements. A work shoet is L. Prepare schedules of accounts receivable and accounts payable, and compare the totals with the 3. Make necessary adjustments. Record adjusting entries on page 6 of the general journal. Adjustment and its use is optional. The heading, with the exception of the date line, is printed on each foem. providedt Also, all general ledger account titles are printed oa the work sheet. balances of the controlling accounts in the general ledger 2 Prepare a trial balance at April 30. Completing the work sheet is optional.) data are as follows: a) Merchandise Inventory per physical count, April 30. $208,554.75 b) Office supplies on hand at April 30. 1,600.00 c) Sscee supplies on hand at April 303,005.00 d) Prepaid Insurance: Transfer 1/12 of the premium paid on April 2 to expense. Depreciation for the month: e) Equipmernt 0 Builking g) Interest earned on note receivable 1,250.00 2,475.00 30.00 h) Accrued salaries at April 30: Sales salaries Office salaries 1,200.00 500.00 Record the estimate of customer retarns of this month's sales: a) Customer refunds (debit Sales, credit Customer Refunds Payable) 4,470.00 Roturns invemory (debit Est. Returns Inventory, credit Cost of Merchandise Sold) 3,190.00 Journalizing Transactions regarding the transactions and arc the his for the The business fo oumal estries. Open iournal eatries. Open Booklet 3 and tollow the instructions contained in it. joursalizing the transactions Note: Pos Using the besiness Sorms and ior the marratlive, begin journalining the to the subsidiary ledgers) Posting to the General Ledger I. Tetal each colamn of the various special journals. Ensure that total debits 2 Post all nems that need to be posted individually to the general ledecr. The equal total credits in each general ledgor acco balkaces do nok aced to be deternined until the postin your posting references g is complesed. Use the printed page numbers in totals in the special journals to their respective accounts in the general the balance of each account. The cash balance on Apnil 30 should be $146,131.01. Detennine Month-End Processing Marty Chavez, coesiders each month to be a separate fiscal period, you must now Since the peoprietor, complete moeth-end processing Ruled forms are provided for the trial balasce, schedules, and financial statements. A work shoet is L. Prepare schedules of accounts receivable and accounts payable, and compare the totals with the 3. Make necessary adjustments. Record adjusting entries on page 6 of the general journal. Adjustment and its use is optional. The heading, with the exception of the date line, is printed on each foem. providedt Also, all general ledger account titles are printed oa the work sheet. balances of the controlling accounts in the general ledger 2 Prepare a trial balance at April 30. Completing the work sheet is optional.) data are as follows: a) Merchandise Inventory per physical count, April 30. $208,554.75 b) Office supplies on hand at April 30. 1,600.00 c) Sscee supplies on hand at April 303,005.00 d) Prepaid Insurance: Transfer 1/12 of the premium paid on April 2 to expense. Depreciation for the month: e) Equipmernt 0 Builking g) Interest earned on note receivable 1,250.00 2,475.00 30.00 h) Accrued salaries at April 30: Sales salaries Office salaries 1,200.00 500.00 Record the estimate of customer retarns of this month's sales: a) Customer refunds (debit Sales, credit Customer Refunds Payable) 4,470.00 Roturns invemory (debit Est. Returns Inventory, credit Cost of Merchandise Sold) 3,190.00

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