Post the Following Transaction to the Ledger of Wiley Services $\quad$

question 101

Essay

Post the following transaction to the ledger of Wiley Services.The partial chart of accounts for Thompson's Company is:
111 Cash
121 Accounts Receivable
211 Accounts Payable
411 Service Fees
$\quad$ $\quad$ $\quad$ $\quad$$\text { GENERAL JOURNAL}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Page 1}$
$\begin{array}{|l|l|l|r|r|r|}\hline \text { Date } & & \text { Acct. Titles and Description } & \text { PR } & {\text { Debit }} & \text { Credit } \\\hline \text { May } & 1 & \text { Accounts Receivable } & & 10,000 & \\\hline & & \text { Service Fees } & & & 10,000 \\\hline & & \text { Billed customer } & & & \\\hline & & & & & \\\hline \text { May } & 5 & \text { Accounts Payable } & & 3,000 & \\\hline & & \text { Cash } & & & 3,000 \\\hline & & \text { Paid amount due } & & & \\\hline\end{array}$
$\quad$ $\quad$ $\quad$ $\quad$$\text { GENERAL JOURNAL}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Page 1}$
$\begin{array}{|l|l|l|r|r|r|}\hline \text { Date } & & \text { Acct. Titles and Description } & \text { PR } & {\text { Debit }} & \text { Credit } \\\hline \text { May } & 1 & \text { Accounts Receivable } & & 10,000 & \\\hline & & \text { Service Fees } & & & 10,000 \\\hline & & \text { Billed customer } & & & \\\hline & & & & & \\\hline \text { May } & 5 & \text { Accounts Payable } & & 3,000 & \\\hline & & \text { Cash } & & & 3,000 \\\hline & & \text { Paid amount due } & & & \\\hline\end{array}$
$\quad$ $\quad$ $\quad$ $\text { Cash}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Account 111}$
$\begin{array}{|l|l|l|l|l|l|l|l|}\hline \text { Date } & & \text { Explanation } & \text { PR } & \text { Debit } & \text { Credit } & \begin{array}{c}\text { Debit } \\\text { Balance }\end{array} & \begin{array}{c}\text { Credit } \\\text { Balance }\end{array} \\\hline & & & & & & & \\\hline & & & & & & & \\\hline\end{array}$
$\quad$ $\quad$ $\quad$ $\text { Cash}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Account 121}$
$\begin{array}{|l|l|l|l|l|l|l|l|}\hline \text { Date } & & \text { Explanation } & \text { PR } & \text { Debit } & \text { Credit } & \begin{array}{c}\text { Debit } \\\text { Balance }\end{array} & \begin{array}{c}\text { Credit } \\\text { Balance }\end{array} \\\hline & & & & & & & \\\hline & & & & & & & \\\hline\end{array}$
$\quad$ $\quad$ $\quad$ $\text { Cash}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Account 121}$
$\begin{array}{|l|l|l|l|l|l|l|l|}\hline \text { Date } & & \text { Explanation } & \text { PR } & \text { Debit } & \text { Credit } & \begin{array}{c}\text { Debit } \\\text { Balance }\end{array} & \begin{array}{c}\text { Credit } \\\text { Balance }\end{array} \\\hline & & & & & & & \\\hline & & & & & & & \\\hline\end{array}$
$\quad$ $\quad$ $\quad$ $\text { Service Fees}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Account 411}$
$\begin{array}{|l|l|l|l|l|l|l|l|}\hline \text { Date } & & \text { Explanation } & \text { PR } & \text { Debit } & \text { Credit } & \begin{array}{c}\text { Debit } \\\text { Balance }\end{array} & \begin{array}{c}\text { Credit } \\\text { Balance }\end{array} \\\hline & & & & & & & \\\hline & & & & & & & \\\hline\end{array}$

---

Definitions:

Propagation Delay

Any delay in communications from signal transmission time through a physical medium.

Radio

A technology that uses radio waves to transmit information, such as sound, by modulating properties of electromagnetic energy through space.

Satellite

A satellite is an artificial body placed in orbit around the earth or another planet to collect information or for communication.

Microwave

An electromagnetic wave with a wavelength in the range of 1 meter to 1 millimeter; also, a kitchen appliance that cooks food using microwave radiation.