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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Post the following to the ledger of Wiley Services. The partial chart of accounts is:
111 Cash
121 Accounts Receivable
211 Accounts Payable
411 Service Fees Earned

   GENERAL JOURNAL      Page 1
Date      Acct. Titles and Description   PR   Debit   Credit
May   1   Accounts Receivable      10,000   
        Service Fees Earned         10,000
          Billed customer         
               
May   5   Accounts Payable      3,000   
        Cash         3,000
          Paid amount due         

   Cash   Account 111
Date      Explanation   PR   Debit   Credit   Debit
Balance   Credit Balance
                     
                     

   Accounts Receivable   Account 121
Date      Explanation   PR   Debit   Credit   Debit
Balance   Credit Balance
                     
                     

   Accounts Payable   Account 211
Date      Explanation   PR   Debit   Credit   Debit
Balance   Credit Balance
                     
                     

   Service Fees   Account 411
Date      Explanation   PR   Debit   Credit   Debit
Balance   Credit Balance
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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6 years ago
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majestico Author
wrote...
#2
6 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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