[Answered] Post the following transaction to the ledger of Wiley Services. The partial chart of accounts for ...

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appyboo

Hero Member
Posts: 527

on: Nov 10, 2019

Post the following transaction to the ledger of Wiley Services. The partial chart of accounts for Thompson's Company is
111 Cash
121 Accounts Receivable
211 Accounts Payable
411 Service Fees

GENERAL JOURNAL

Page 1

Date		Acct. Titles and Description	PR	Debit	Credit
May	1	Accounts Receivable		14,000
		Service Fees			14,000
		Billed customer

May	5	Accounts Payable		3,000
		Cash			3,000
		Paid amount due

Cash

Account 111

Date	Explanation	PR	Debit	Credit	Dr/Cr	Balance

Accounts ReceivableAccount 121

Date	Explanation	PR	Debit	Credit	Dr/Cr	Balance

Accounts Payable

Account 211

Date	Explanation	PR	Debit	Credit	Dr/Cr	Balance

Service Fees

Account 411

Date	Explanation	PR	Debit	Credit	Dr/Cr	Balance

College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12^th Edition

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Marked as best answer by appyboo on Nov 10, 2019

AngeliqueG

Sr. Member
Posts: 343

Reply #1 on: Nov 10, 2019

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appyboo

Member
Posts: 527

Reply 2 on: Nov 10, 2019

YES! Correct, THANKS for helping me on my review

LVPMS

Member
Posts: 323

Reply 3 on: Yesterday

Great answer, keep it coming

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