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Accounting Two problems - Donna White and Vince Smith

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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.

 

Paper#80675 | Written in 18-Jul-2015

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