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Journalizing, posting, trial balance, & financial statements

  1. Jul 28, 2016 #1
    1. The problem statement, all variables and given/known data
    I am doing a course called Financial Accounting Fundamentals (BAF3M-B) and I was told that physics forum provides help with qts related to this subject.
    Anyways,
    Here is the question I'm having trouble with: Sorry if the scanned version is a bit blurry :P

    upload_2016-7-28_19-28-56.png


    upload_2016-7-28_19-40-30.png
    upload_2016-7-28_19-41-40.png
    upload_2016-7-28_19-35-9.png

    upload_2016-7-28_19-35-28.png


    a) Journalize the December transactions, using accounts on the balance sheet and in the chart of accounts


    2. Relevant equations
    No equations required

    3. The attempt at a solution

    Here is my answer for part a), i'm specifically having a problem with the dec.10th transaction, the dec.12th transaction (the one that deals with the hydro bill and water bill), the dec.15th transaction (paid $250 to J.Stowe, the owner, for her own use), the dec.20th transaction, and the 23rd transaction. I have no idea if I analyzed those transactions properly and journalized them correctly. Please tell me if my answer for part a) is correct. Thanks.
    a)

    upload_2016-7-28_19-53-32.png


    p.s. I will be posting part b) of this qts on a completely different thread, because this thread is extending way too long and covers so much already. I'll leave a link to this thread in the new thread, so if ppl want to see the original question they can come here.

    Also, I'm not allowed to upload more than 10 files, so the rest of part a) is down below.
     

    Attached Files:

    Last edited: Jul 28, 2016
  2. jcsd
  3. Jul 28, 2016 #2
    Here are the rest of my answers for part a), can someone please tell me if I analyzed each december transaction and journalized them correctly. The december transactions that I had the most trouble with (and i'm pretty sure I analyzed them incorrectly) are listed in the previous message. I'm pretty sure most of my anwers are correct, but please go over the ones that I had trouble with. Thanks.
    upload_2016-7-28_19-59-12.png

    upload_2016-7-28_19-59-43.png

    upload_2016-7-28_20-0-46.png

    upload_2016-7-28_20-1-27.png

    upload_2016-7-28_20-2-25.png

    upload_2016-7-28_20-2-43.png
     

    Attached Files:

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