use the information below to open the ledger for the jack abbott architect as of apr 285032
Aug 29, 2021 | Uncategorized
- Use the information below to open the ledger for theJack Abbott, Architect as of April 1, 2000.
| Account |
Balance |
| Cash |
12,362 |
| Accounts Receivable |
21,494 |
| Drafting Supplies |
2,539 |
| Office Supplies |
320 |
| Land |
52,090 |
| Building |
89,455 |
| Furniture and Fixtures |
3,921 |
| Computer Equipment |
0 |
| Accounts Payable |
9,428 |
| Mortgage Payable |
74,870 |
| J. Abbott, Capital |
97,883 |
- Record the following transactions for the month ofApril, using the steps found in the lesson material as a guide.
| Date |
Transaction |
| 1 |
Made the $820 monthly payment on the mortgage. |
| 2 |
Received $940 on account from a customer, N. Jones. |
| 3 |
Paid $1,020 on account to Office Temps Service. |
| 4 |
Purchased $540 worth of drafting supplies from Grand and Toy. |
| 5 |
Received $1,500 from the owner, J. Abbott as an additional investment. |
| 6 |
Purchased 6 new drafting tables from Waldeck Supplies, $3,600. Made a down payment of $1,600 and the rest is due in 30 days. |
| 7 |
Paid $500 on account to Kenworthy Janitorial Services. |
| 8 |
Received $300 from a customer on account, Charles Barkley. |
| 9 |
Purchased a fax machine on account from Blitz Electronics for $5,000 |
| 10 |
Purchased a computer on account from Future Shop for $14,000. |
| 12 |
Purchased software worth $1,500 on account from Business Depot. Opened a new account called Computer Software (in the ledger after Office Supplies) to record this item. |
| 15 |
Sold a used piece of office furniture for $600, which represented a loss of $200 from the original purchase price of the furniture. |
- Find new balances in each of the accounts, as of April 15.
- Create aTrial Balance,as of April 15, 2000, on a new sheet in the same workbook.Make sure the accounts are in the proper numerical order in the Trial Balance.
Asingment.docx