General Journal filling in, and checking P7-5A answers ATTACHMENT PREVIEW Download attachment Practice Questions.xlsx Color Legend Line item descriptions All numerical answers a. PHOTOMAKE, Inc. Unadjusted Trial Balance December 31, Debit Credit Cash Accounts receivable Prepaid rent Prepaid insurance Supplies Equipment Accounts payable Unearned photography fees Common stock Photography fees earned Wage expense Utilities expense Totals $0 $0 b. General Journal Date Description Dec. 31 Fees receivable Photography fees earned To record revenue earned but not billed Post ref. (1) Debit 925 Credit 925 31 Depreciation expense Accumulated Depr. – equipment To record depreciation for the year (2) 31 Utilities expense Utilities payable To record estimated December utilities expense (3) 31 Rent expense Prepaid rent To record rent expense for the year (4) 31 Unearned photography fees Photography fees earned To record advance payments earned during the year (5) 31 Insurance expense Prepaid insurance To record insurance expense for the year (6) 31 Supplies expense Supplies To record supplies expense for the year (7) 31 Wages expense Wages payable To record unpaid wages at December 31 (8) 2,280 2,280 400 400 6,300 6,300 2,600 2,600 990 990 2,730 2,730 375 375 a. Date March SOUTHWICK COMPANY GENERAL JOURNAL Description Debit Credit 8 Accounts receivable Sales Revenue Sold goods to Mann Stores terms 2/10, n/30 12 Sales returns and allowances Accounts receivable Issued credit memo to Mann Stores for returned goods 17 Cash Sales discounts Accounts receivable Received payment in full from Mann Stores. 20 Sales returns and allowances Sales discounts Cash Issued check to Mann Stores for returned goods b. Date March MANN STORES, INC GENERAL JOURNAL Description Debit 8 Purchases Accounts payable Purchased goods from Southwick Company terms 2/10, n/30 10 Freight in Cash Paid freight charges on Southwick shipment 12 Accounts payable Purchase returns and allowances Received credit memo for goods returned to Southwick 17 Accounts payable Purchase discounts Cash Paid Southwick Company in full 20 Cash Purchase Discounts Purchase Returns and Allowances Received check for goods returned to Southwick Company Credit a. WINTON, INC. Bank Reconciliation September 30 Ending Balance from Bank Statement Add: $14,724 Deposits not credited by bank Balance from General Ledger 1,266 $15,286 Add: Check No. 612 for recorded as 746 674 15,358 Less: Outstanding checks (list in numerical order) No. 603 640 613 310 615 386 616 420 Reconciled Cash Balance Less: NSF Check of D. Walker Service charge 1,028 96 1,756 $14,234 Reconciled Cash Balance $14,234 b. General Journal Date Sept. 30 1,124 Description Cash in Bank Advertising Expense To correct error in recording check 612. Debit Credit 72 72 30 Accounts Receivable 1,028 Cash in Bank To reclassify NSF check as an accounts receivable. 30 Miscellaneous Expense Cash in Bank To record bank service charge. 1,028 96 96