Mark Johnson Opened a Delivery Service $\begin{array}{ll}\text { Assets }\\ 101 & \text { Cash } \\142 & \text { Office Supplies } \\185 & \text { Delivery Equipment }\end{array}$

question 6

Essay

Mark Johnson opened a delivery service.His chart of accounts is shown below.

$\begin{array}{ll}\text { Assets }\\ 101 & \text { Cash } \\142 & \text { Office Supplies } \\185 & \text { Delivery Equipment }\end{array}$

$\begin{array}{ll}\text { Liabilities } &\\ 202 & \text { Accounts Payable } \\\\ 311 & \text { Mark Johnson, Capital } \\\\\text { Revenue }\\401 & \text { Delivery Fees }\end{array}$

$\begin{array}{l}\text { Expenses }\\ 511 & \text { Wages Expense } \\521 & \text { Rent Expense } \\533 & \text { Utilities Expense }\end{array}$
$\begin{array}{llr}\text { Jan } & 2\quad\text { Paid shop rental for the month, \( \$ 400 \). } &\\&3\quad\text { Purchased a delivery car from Wally's Wrecks on account, \( \$ 1,000 \). }\\&5\quad\text { Purchased office supplies for cash, \( \$ 250 \) }\\ &6\quad\text {Paid the tel ephone bill (utilities), \( \$ 51 \). }\\&7\quad\text { Paid part-time employee, \( \$ 265 \). }\\&8\quad\text { Received cash for delivery services, \( \$ 1,428 \). }\\&11\quad\text { Paid electricity bill (utilities), \( \$ 37 \).}\\&13\quad\text { Made payment on account for delivery car previously purchased, \( \$ 250 \).}\\&14\quad\text {Paid part-time employee, \( \$ 280 \). }\\ \end{array}$
Required:
1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided.
2.Prove the combination journal.
3.Post to the general ledger.

$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" > Proving the Combination Journal

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$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >
$\$ 1,000$ . }\\ &5\quad\text { Purchased office supplies for cash, $\$ 250$ }\\ &6\quad\text {Paid the tel ephone bill (utilities), $\$ 51$ . }\\ &7\quad\text { Paid part-time employee, $\$ 265$ . }\\ &8\quad\text { Received cash for delivery services, $\$ 1,428$ . }\\ &11\quad\text { Paid electricity bill (utilities), $\$ 37$ .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $\$ 250$ .}\\ &14\quad\text {Paid part-time employee, $\$ 280$ . }\\ \end{array} Required: 1.Journalize the above transactions that occurred in January,20--.Use the modified cash basis and the combination journal provided. 2.Prove the combination journal. 3.Post to the general ledger. Proving the Combination Journal ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ " class="answers-bank-image d-block" rel="preload" >

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Definitions:

Expert

An individual with a deep, comprehensive knowledge or skill in a particular area or field.

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