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

Question 54

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

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

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

 Expenses 511 Wages Expense 521 Rent Expense 533 Utilities Expense \begin{array}{l}\text { Expenses }\\ 511 & \text { Wages Expense } \\521 & \text { Rent Expense } \\533 & \text { Utilities Expense }\end{array}
 Jan 2 Paid shop rental for the month, $4003 Purchased a delivery car from Wally’s Wrecks on account, $1,0005 Purchased office supplies for cash, $250 6Paid the tel ephone bill (utilities), $517 Paid part-time employee, $2658 Received cash for delivery services, $1,42811 Paid electricity bill (utilities), $37.13 Made payment on account for delivery car previously purchased, $250.14Paid part-time employee, $280\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.

 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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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 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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" >
 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,  <span class=$1,000 \$ 1,000 . }\\ &5\quad\text { Purchased office supplies for cash, $250 \$ 250 }\\ &6\quad\text {Paid the tel ephone bill (utilities), $51 \$ 51 . }\\ &7\quad\text { Paid part-time employee, $265 \$ 265 . }\\ &8\quad\text { Received cash for delivery services, $1,428 \$ 1,428 . }\\ &11\quad\text { Paid electricity bill (utilities), $37 \$ 37 .}\\ &13\quad\text { Made payment on account for delivery car previously purchased, $250 \$ 250 .}\\ &14\quad\text {Paid part-time employee, $280 \$ 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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