Required---------------------1. Post to the ledger.2. Prepare the trial balance of Harper Service as...Required---------------------1. Post...

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Accounting

Required
---------------------
1. Post to the ledger.
2. Prepare the trial balance of Harper Service as at 31March 2018
--------
During March, the business engaged in the followingtransactions, All figures are GST (GST is15%)inclusive where applicable:
Journalise each transaction. Key journal entries bytransaction letter, using the format below:
General Journal
Transactions
Accounts
Debit ($)
Credit ($)

1 March: Borrowed $45,000 from the bank and signed a billpayable in the name of the business.
2 March: Paid cash of $40,000 to acquire a motor vehicle.
4 March: Performed service for a customer and received cash of$5,000.
10 March: Purchased supplies on credit, $300.
14 March: Performed customer service and earned revenue oncredit, $2,600.
15 March: Paid $1,200 on account.
16 March: Paid the following cash expense: advertising, $3,000;rent, $1,500; and computer repair, $400.
22 March: Received $3,100 on account.
26 March: Received a $200 electricity and gas bill that will bepaid next month.
28 March: Harper withdrew $1,800 for personal use.

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Journal Entries Transaction Account Debit Credit March 1 CashBank 45000 Bills Payable 45000 March 2 Motor Vehicle 40000 Cash 40000 March 4 Cash 5000 Service Revenue 5000 March 10 Supplies in Hand 300 Accounts Payable 300 March 14 Accounts Receivable 2600 Service Revenue 2600 March 15 Accounts payable 1200 Cash 1200 March 16 Advertising 3000 Rent 1500 Computer repair 400 Cash 4900 March 22 Cash 3100 Account Receivable 3100 March 26 Electricity Gas Expenses 200 See Answer

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Transcribed Image Text

In: AccountingRequired---------------------1. Post to the ledger.2. Prepare the trial balance of Harper Service as...Required---------------------1. Post to the ledger.2. Prepare the trial balance of Harper Service as at 31March 2018--------During March, the business engaged in the followingtransactions, All figures are GST (GST is15%)inclusive where applicable:Journalise each transaction. Key journal entries bytransaction letter, using the format below:General JournalTransactionsAccountsDebit ($)Credit ($) 1 March: Borrowed $45,000 from the bank and signed a billpayable in the name of the business.2 March: Paid cash of $40,000 to acquire a motor vehicle.4 March: Performed service for a customer and received cash of$5,000.10 March: Purchased supplies on credit, $300.14 March: Performed customer service and earned revenue oncredit, $2,600.15 March: Paid $1,200 on account.16 March: Paid the following cash expense: advertising, $3,000;rent, $1,500; and computer repair, $400.22 March: Received $3,100 on account.26 March: Received a $200 electricity and gas bill that will bepaid next month.28 March: Harper withdrew $1,800 for personal use.

Transactions	Accounts	Debit ($)	Credit ($)