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Question: enter the information below from the chart of accounts and...

Question details

Enter the information below from the chart of accounts and schedules as an Opening Entry into the General Journal and post the relevant information to the General Ledger Accounts

090

Bank

8295

091

Petty Cash

         150

610

Accounts Receivable Control

    11913

611

Allowance for Bad and Doubtful Debts

        1193

111

Inventory

    14300

113

Stationery on Hand

80

115

Prepaid Insurance

3600

116

Prepaid Rent

6000

140

Equipment

  12800

141

Acc. Depreciation – Equipment

3552

150

Warehouse

90000

151

Accumulated Depreciation – Warehouse

14000

160

Delivery Vehicle

    45000

161

Acc. Depreciation – Delivery Vehicle

    3375

800

Accounts Payable Control

               22330  

205

Accrued Advertising

1320

210

Internet and Telephone Expenses Payable

726

220

Accrued Wages Expense

1150

299

Bank Loan (5-year)

         95000

820

GST

(947)

900

Capital – Chris P Baykon

50439

 

Additional Notes

 

 

Schedule of Accounts Receivable

as at 1 January 2021

Acc. No.

61001              Delicious Deserts                       3,410

61003              Help Those in Need                    1,650

61005              School Snackers                            495

61007              Hotels Divided                           6,358

11,913

                       

Schedule of Accounts Payable

as at 1 January 2021

80001              Prepared for Good                      3,300

80003              Ingredients Plus                        13,750

80005              Flavour and Thensome               5,280

22,330

 

You will need to enter this information into the appropriate subsidiary ledger accounts.

 

 

 

 

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