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

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.