Accounting Help Assignment... General Ledger

Posted on 2013-11-22 15:42:00 in Accounting by JASON

DelaWare incurred the following transcations during July 2011, its first month of operations:

July 1 The owner, Sue Ware, invested 5,000 $ Cash
10 Purchased 2,500$ worth of equipment on credit
12 Performed services for a client and recieved 10,000$ cash
14 Paid for expenses 3,500$
15 Completed services for a client and sent a bill for 1,500$
31 The owner withdrew 250$ cash for personal use

1) Create a General Ledger by setting up the following accounts: Cash, 101; Accounts receivable ,106; Equpiment , 150; Accounts payble , 201; Sue Ware, Capital, 301; Sue Ware, Withdrawls, 302; Revenue, 401; Expenses, 501

2)Journalize the july transcations in the General Journal

3) Post he July transcations from your General Journal into your General Ledger accounts

4) Prepare a trial balance on the balances in your General Ledger accounts

5) Prepare an income statment, statment of changes in equity, and balance sheet based on your trial Balance?

Please Help me, I was sick for a week and my friend told me an assigment is due for tomrow. Please help me as much as you can. Thanks you so much.

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