Accounting Two problems - Donna White and Vince Smith
P2-1 Problem: Donna White started her practice as a design consultant on January 1, 2012. During the first month of operations, the business completed the following transactions:
Requirements
1. Record each transaction in the journal. Key each transaction by date. Explanations are not required.
2. Post the transactions to T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account "Bal."
3. Prepare the trial balance of Donna White, Designer, at January 31, 2012.
P2-2 Problem: Vince Smith opened a law office on March 2, 2012. During the first month of operations, the business completed the following transactions:
Requirements
1. Record each transaction in the journal, using the account titles given. Key each transaction by date. Explanations are not required.
2. Post the transactions to T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account "Bal."
3. Prepare the trial balance of Vince Smith, Attorney at March 31, 2012.
12 years ago