Athabasca University, Athabasca
ACCT 253
Case Study 4 (Part 2) ~ Lyryx Learning Inc Yry Case Study 4 (Part 2) Name: Megan Durrant Date: 2023-06-24 21:03 Part 2 [20 points] Spreadsheet Print Preferences Help Binarium Inc.'s December journal entries have been posted to the general ledger for you as shown below. This is similar to how an accounting software package posts automat
...[Show More]
Case Study 4 (Part 2) ~ Lyryx Learning Inc Yry Case Study 4 (Part 2) Name: Megan Durrant Date: 2023-06-24 21:03 Part 2 [20 points] Spreadsheet Print Preferences Help Binarium Inc.'s December journal entries have been posted to the general ledger for you as shown below. This is similar to how an accounting software package posts automatically. Cash Account No. 101 Date Explanation F Debit Credit Balance 30/Nov |Opening balance 98,500 1/Dec [lssued shares GJ1| 25,000 123,500 1/Dec |Prepaid for rent GJ1 3,600 119,900 1/Dec |Paid for repairs to computers GJ1 300 119,600 2/Dec |Received payment for consulting in advance GJ1| 16,000 135,600 16/Dec |Earned and received consulting revenue GJ2 116 135,716 16/Dec |Received customer payment GJ2| 14,848 150,564 23/Dec |Earned and received consulting revenue GJ3 432 150,996 25/Dec |Paid cash for salaries GJ3 11,900 139,096 26/Dec |Paid for dinner with client GJ3 53 139,043 31/Dec |Paid bill for advertising expense GJ3 900 138,143 31/Dec |Dividends GJ4 1,470 136,673 Accounts Receivable Account No. 106 Date Explanation F Debit Credit Balance 30/Nov |Opening balance 130,000 8/Dec |Earned consulting revenue GJ2 6,912 136,912 10/Dec |Earned consulting revenue GJ2| 12,096 149,008 13/Dec |Earned consulting revenue GJ2| 14,848 163,856 16/Dec |Received customer payment GJ2 14,848 149,008 Prepaid Rent Account No. 131 Date Explanation F Debit Credit Balance 1/Dec |Prepaid for rent GJ1| 3,600 3,600 Computers Account No. 151 Date Explanation F Debit Credit Balance 30/Nov |Opening balance 56,000 Accumulated Depreciation, Comp
[Show Less]
