Answer Happy

Journal, Ledger, Trial Balance & Google Form Assignment Step #1: Journal • This is the first part of a larger assignment. • Prepare journal entries for the transactions for M. Conway's (Architectural) business using the Step #1, 2, 3, 4: Journal, Ledger & Trial Balance template. *Be sure to include a description for each transaction including the type of source document and source document number (if applicable) • Use the chart of accounts shown to assist you with account identification and account names. You do not need to do anything with the account numbers at this point. • Ignore the extra tabs in the journal template file for now. We will use those sheets and sections later. 100 Cash 101 Accounts Receivable/Bakos Contractors 141 Office Equipment 142 Automobile 200 Accounts Payable/Ajax Motors 300 M. Conway, Capital 400 Fees Earned 607 Rent Expense 608 Salaries Expense 610 Telephone Expense Feb. 1 2 3 4 5 M. Conway invested $40 000 cash in an architectural consulting business. Bought office equipment, $6000, Cheque 1. Bought an automobile for the business from Ajax Motors Ltd. on credit. The price of the car was $28 000, Invoice 7469. Received $1500 for services provided to a customer, Sales Slip 1. Sent Invoice 1 for $1000 to Bakos Contractors for architectural services provided Paid the February rent, $1600, Cheque 2. Paid office salaries, $1450, Cheque 3. Paid $150 for the installation of a telephone, Cheque 4. 5 5 5